Brief: Shotspotter FY 2020 Revenue Forecast Reduced To A Range Of $46 Mln To $48 Mln

Soundthinking

16/03/2020 22:40

March 16 (Reuters) - Shotspotter Inc  SSTI.O :
    * SHOTSPOTTER RESPONDS TO COVID-19 CHALLENGE
    * FULL YEAR 2020 REVENUE GUIDANCE REDUCED TO A RANGE OF $46
MILLION TO $48 MILLION
    * EFFECTIVE MARCH 16, 2020, SHOTSPOTTER WILL FOLLOW SOCIAL
DISTANCING RECOMMENDATIONS
    * TEMPORARILY CLOSED ITS HEADQUARTERS AND REQUIRED ALL
EMPLOYEES
TO WORK FROM HOME
    * MANAGEMENT BELIEVES IT WILL BE ABLE TO MAINTAIN ITS 90%
SLA
COMMITMENT TO ITS CUSTOMERS AROUND GLOBE
    * HAS ALSO PUT IN PLACE A MANDATORY AND COMPLETE TRAVEL BAN
    * TRAVEL BAN EFFECTIVELY SUSPENDS ALL PROJECT MANAGEMENT AND
INSTALLATION ACTIVITIES
    * THERE IS NO CHANGE TO COMPANY'S EXPECTATION OF GAAP
PROFITABILITY FOR FULL YEAR 2020
    * FY2020 EARNINGS PER SHARE VIEW $0.25, REVENUE VIEW $48.8
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXrdbyz 
Further company coverage:  SSTI.O 

 ((Reuters.Briefs@thomsonreuters.com;))