Investor Presentation
December 2022
DISCLAIMER
Cautionary Note Regarding Forward-Looking Statements
This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the company's business plans, international expansion, expectations regarding future sales and expenses, our ability to capitalize on market opportunities, the ability to achieve near and long-term growth and profitability estimates, anticipated timing and volume of customer contract renewals, and revenue and GAAP profitability. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the company's control. The company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the company's ability to successfully negotiate and execute contracts with new and existing customers in a timely manner, if at all, the
company's ability to address the business and other impacts and uncertainties associated with the COVID-19 pandemic, maintain and increase sales; the availability of funding for the
company's customers to purchase the company's solutions; the complexity, expense and time associated with contracting with government entities; the company's ability to maintain and expand coverage of existing public safety customer accounts and further penetrate the public safety market; the company's ability to sell its solutions into international and other new markets; the lengthy sales cycle for the company's solutions; changes in federal funding available to support local law enforcement; the company's ability to deploy and deliver its solutions; and the company's ability to maintain and enhance its brand, as well as other risk factors included in the company's most recent annual report on quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this presentation and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the company undertakes no duty or obligation to update any forward-looking statements contained in this presentation as a result of new information, future events or changes in its expectations.
2
Investment Highlights
Leading integrated SaaS platform for precision policing and data solutions
Proprietary, widely adopted gunshot detection technology
Loyal customer base with minimum churn and down-sell
Massive and underpenetrated opportunity with multiple growth levers
Consistent growth with strong and improving margins
Seasoned operators with a track record of exceptional performance
3
By the Numbers
$2.5bn+ | $81mm |
Core TAM | 2022E Revenue1 |
125% | 99% |
Net Revenue | Gross Retention |
Retention Rate3 | Rate4 |
>230 | ~1,000mi2 |
Paying Customers | Coverage Area6 |
~23%
2021A-2025E
Revenue CAGR2
$0.37
Of S&M Spend to
Generate $1 of ACV5
1.3bn
Data Records
(CopLink X)
20%
2022E Adj.
EBITDA Margin1
56
NPS Score
41
Patents
Note: Except as otherwise noted, data is as of September 30, 2022
1 At midpoint of management guidance; 2 Includes the acquisition impact from Forensic Logic; 3 As of December 31, 2021; Based on revenue; Calculated as dividing the (a) total
revenues for such year from those customers who were customers during the corresponding prior year by (b) the total revenues from all customers in the corresponding prior | 4 |
year; 4 Excludes downsell; 5 Reflects S&M expense per $1 of new Annualized Contract Value as of December 31, 2021. Calculated as total S&M expense during the year / the first 12 months of contract value for contracts entered into during the same year; 6 Includes all product lines
TIMELINE
ShotSpotter Timeline
Acquires | |||||||
Forensic Logic | |||||||
Expands | Crime Analytics | ||||||
Platform | |||||||
Acquires Leeds | Beyond Law | ||||||
Acquires | (now Coplink X) | ||||||
Further Expands | Enforcement | ||||||
HunchLab | Investigative Case | ||||||
into Chicago | |||||||
Transitions to | Management Solution | ||||||
AI-base Predictive | (Now ShotSpotter | ||||||
Cloud-Based | Initial Public | ||||||
NYPD Adopts | Policing Solution | Investigate) | |||||
ShotSpotter | SaaS Model | Offering | (Now ShotSpotter | ||||
ShotSpotter | |||||||
Founded | at $11.00 per | Connect) | |||||
Transitions to Recurring | |||||||
share | |||||||
Revenue Model and | |||||||
Creation of Incident | |||||||
Review Center |
Land &
Expand
International
Expansion
New
Products
Tuck-in M&A
1996 | 2010 | 2015 | 2017 | 2018 | 2020 | 2021 | 2022 | Future |
Leader in Outdoor Gunshot Detection | Multi-Product Adoption | Becoming the Precision Policing Platform | ||||||
Revenue ($mm) | $12 | $24 | $35 | $46 | $58 | $811 | ||
1 At midpoint of management guidance | 5 |
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Disclaimer
Shotspotter Inc. published this content on 12 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2022 19:12:04 UTC.