NEWARK, Calif. (AP) _ ShotSpotter Inc. (SSTI) on Thursday reported a fourth-quarter loss of $220,000, after reporting a profit in the same period a year earlier.
The Newark, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 4 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.
The maker of gunfire detection systems posted revenue of $12.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $11.7 million.
For the year, the company reported profit of $1.2 million, or 10 cents per share. Revenue was reported as $45.7 million.
ShotSpotter expects full-year revenue in the range of $58 million to $60 million.
ShotSpotter shares have climbed 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.77, an increase of 22% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSTI at https://www.zacks.com/ap/SSTI
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