Shotspotter loses velocity after public stock offer

Soundthinking

06/03/2019 18:18

** Shotspotter Inc  SSTI.O  dropping 6.9 pct on Wed after the
seller of gunshot detection systems priced a public stock offer 
    ** SSTI said it priced an offering of 385,539 shares,
including some sold by stock holders, and would put proceeds of
$11.2 mln, before expenses, toward working capital and other
corporate purposes  urn:newsml:reuters.com:*:nASB01B0O
    ** SSTI lost $2.73 mln in 2018, while boosting its rev by 46
pct to $34.8 mln
    ** The stock has surged 41.6 pct YTD

 ((noel.randewich@tr.com; Twitter handle: @randewich  (415) 677
2542; Reuters Messaging:
noel.randewich.thomsonreuters.com@reuters.net))