ShotSpotter
#7418
Rank
$175.53M
Marketcap
United States
Country
Mr. Ralph A. Clark (Pres, CEO & Director)
Mr. Alan R. Stewart (CFO & Sec.)
Mr. Gary T. Bunyard (Sr. VP of Sales & Security)
Summary
History
ShotSpotter was founded by Robert Showen in the 1990s while he was working for SRI International. He created a company in 1996 and tested prototypes in Redwood City, California. Its early success was described by Wired as being "due to good PR, not good technology." James Beldock joined as CEO in 2003 as a "turnaround specialist"; in 2005 the company merged with Centurist Systems, which was creating acoustic sniper location systems for the military; Centurist held a "deceptively simple patent" for the location algorithm. Centurist's CEO, Scott Manderville, became president of the board.As of 2021, the acoustic locator technology was installed in 125 cities and 14 campuses, covering 911 square miles.:?4? The locators are typically installed at 20–25 sensors per square mile and primarily connected via 4G networks .:?39? In 2020, Chicago was 18% of the company's revenue, and New York City was 15%.Ralph Clark was named CEO of ShotSpotter in 2010. The company went public in June 2017. The company authorized a stock buyback program in 2019 and bought back $8.3 million by the end of 2020.The company's gross revenues were $58.2 million in 2021 , up from $45.7 million in 2020 and from $40.8 million in 2019 . The company had a net loss of $4.4 million in 2021, in part from nonrenewal of contracts and increases in legal costs, PR from Trident DMG, and lobbying.Toronto, Ontario has declined to use the technology, as the Ministry of the Solicitor General believes it violates Section 8 of the Canadian Charter of Rights and Freedoms. The company previously provided indoor gunfire locator technology, but discontinued it in 2018.
Studies
A June 2021 study in the Journal of Experimental Criminology stated the system "may be of little benefit to police agencies with a pre-existing high call volume. Our results indicate no reductions in serious violent crimes, yet increases demands on police resources." An October 2021 paper in the Journal of Urban Health, studying the longitudinal effects of ShotSpotter over a 17 year period, found "implementing ShotSpotter technology has no significant impact on firearm-related homicides or arrest outcomes. Policy solutions may represent a more cost-effective measure to reduce urban firearm violence."The NYU School of Law Policing Project published a paper in 2021, "Measuring the effects of ShotSpotter on Gunfire in St. Louis County, Mo". The paper indicated a significant drop in gun violence in the area. However, the paper also discloses that ShotSpotter "has provided the Policing Project with unrestricted funding".Jennifer Doleac told Voice of San Diego that ShotSpotter "resisted attempts to do a rigorous evaluation of its impacts", noting "they’ve clearly found that they can get cities to sign their contracts without such evidence."
Mission
Vision
Key Team
Dr. Robert L. Showen (Founder & Chief Scientist)
Dr. Robert Calhoun (Founder)
Mr. Jason Dunham (Founder)
Mr. Paul S. Ames (Sr. VP of Products & Technology)
Mr. Robert Samuel Klepper (Sr. VP of Marketing & Product Strategy)
Ms. Nasim Golzadeh (Sr. VP of Customer Support & Professional Services)
Mr. Dan Leston (Managing Director of LEEDS)
Recognition and Awards
References
Mr. Ralph A. Clark (Pres, CEO & Director)
Mr. Alan R. Stewart (CFO & Sec.)
Mr. Gary T. Bunyard (Sr. VP of Sales & Security)