SoundThinking launches AI-powered Field Agent beta as Q1 revenue falls to $24.2M
SoundThinking reported Q1 revenue of $24.2M, down from $28.3M due to Puerto Rico contract non-renewal and absence of catch-up revenues, while investing in its SafePoint business. The company launched its AI-powered SafetySmart Field Agent in beta with over a dozen agencies and forecasts $50M H1 and $60M H2 revenue.
1. Q1 Financial Results
SoundThinking delivered Q1 revenue of $24.2 million, a 14% drop from $28.3 million a year earlier, driven by the non-renewal of a Puerto Rico contract and lack of prior-year catch-up revenues. Despite the top-line decline, management indicated the current pipeline supports full-year targets.
2. SafetySmart Field Agent Beta and Guidance
The company introduced its AI-powered SafetySmart Field Agent in beta, now deployed with more than a dozen public safety agencies, aiming to enhance its integrated SafetySmart platform. Leadership projects $50 million in revenue for H1 and $60 million for H2, backed by large SafePoint contracts and recapture of Puerto Rico business.
3. Cost Savings and Profitability Outlook
Workforce optimization reduced about 20 positions, yielding $4 million in annual savings, with $2.5 million contributing to 2026 adjusted EBITDA. SoundThinking expanded its sales and marketing team from one to four members to support anticipated large deals and improved revenue conversion.