FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — ShotSpotter Inc. (SSTI) on Wednesday reported a loss of $1 million in its fourth quarter.
The Fremont, California-based company said it had a loss of 9 cents per share. Losses, adjusted for non-recurring gains, were 11 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The maker of gunfire detection systems posted revenue of $21 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $21.5 million.
For the year, the company reported profit of $6.4 million, or 52 cents per share. Revenue was reported as $81 million.
ShotSpotter expects full-year revenue in the range of $94 million to $96 million.
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