ShotSpotter narrows FY22 revenue view to $81M to $82M, consensus $82.17M

The company narrowed its full year 2022 revenue guidance range to $81M to $82M, representing approximately 40% year-over-year growth at the midpoint compared to 2021, and maintained its full year 2022 Adjusted EBITDA margin guidance of 19% to 21%. The company currently expects its ARR to exceed $80M at the start of 2023, which is significantly higher than the $63M that the company started with in 2022. This $80M of ARR includes over $17M related to the company’s product solutions other than its Respond gunshot detection solution.