Good afternoon, and welcome to SoundThinking's Second Quarter 2023 Conference Call. My name is Ina, and I will be your operator for today's call. Joining us are SoundThinking's CEO, Ralph Clark, and CFO, Alan Stewart. Please note that certain information discussed on the call today will include forward-looking statements about future events and SoundThinking's business strategy and future financial and operating performance. These forward-looking statements are only predictions and are subject to risks and uncertainties and assumptions that are difficult to predict and may cause the actual results to differ materially from those stated or implied by those statements. Certain of these risks and assumptions are discussed in SoundThinking's SEC filings, including its registration statement on Form S-1. These forward-looking statements reflect management's beliefs, estimates, and predictions as of the date of this live broadcast, August 8th, 2023, and SoundThinking undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call. Finally, I would like to remind everyone that this call will be recorded and made available for replay via link available in the investor relations sections of the company's website at ir.soundthinking.com. Now, I would like to turn the call over to SoundThinking's CEO, Ralph Clark. Sir, please proceed. Good afternoon, and thank you for joining our second quarter 2023 conference call. After Alan and I give our views, we'll be happy to take your questions. However, before I get into the specifics of our Q2 2023 performance, I want to first share with you that overall, our company is settling into our expanded platform vision and our new corporate identity of SoundThinking. We're well on our way toward executing on the promising next phase of our growth journey and impact narrative. We continue to be bullish on the tremendous opportunity we have in partnering with law enforcement and their digital transformation, which we believe is fundamental in improving the enforcement profession and better connecting them to the communities they serve. Even with the current challenges they face, with limited resources and increased scrutiny, we're committed in our purpose to help them become more efficient, effective, and equitable in closing the public safety gap that exists in communities worldwide. Turning to financial performance, our Q2 2023 revenues were mostly in line with our expectations, with $22.1 million compared to Q2 2022 revenue of $20 million. Adjusted EBITDA was $2.4 million or 11% of revenues, compared to $4.1 million, or 20% of revenues for Q2 2022. As Alan will address in more detail, below-the-line expenses in this quarter included increased investment in sales and marketing associated with our rebranding launch, along with increased headcount and personnel-related costs and a few one-time other expenses. We had another phenomenal quarter of go-live activity, with seven new city captures and one new university, along with seven city expansions and a university expansion this quarter. These included, but were not limited to, new customer captures of Erie, Pennsylvania, Deerfield Beach, and Lauderhill, Florida. We also took live material expansion miles in Detroit, Cleveland, and Virginia Beach. We are confident in our go-live momentum and with what has already been taken live during the first half of this year, combined with our current booked, contracted, and staffed projects slated to go live in the next 60 days- 90 days, we project to be at 140 ShotSpotter go-live miles this year. There is a potential upside to this forecast that could put us north of 150 miles to the extent that we can book additional near-term sales pipeline opportunities in Q3 that can be also deployed in Q4. I'm also quite happy to report that we have another quarter with zero attrition. Let me provide a brief update on where we are in Chicago. Recent public statements and actions by the mayor's office, including the formal budget appropriation and funding of the previously executed contract extension, have been constructive. We believe this moves us beyond the potential 2023 cancellation risk that we had previously and appropriately factored. We are still very focused on working with Chicago PD on demonstrating and articulating the value of ShotSpotter in saving lives and enhancing downstream investigations as we continue to build upon strong police department and city council support. In fact, just this past weekend, local news reported on a 6:00 A.M. ShotSpotter alert that led Chicago PD in finding a 14-year-old gunshot wound victim who was quickly rushed to Stroger Hospital in critical condition. There was no corresponding 911 call. It is likely that this child is alive today due to the ShotSpotter alert and the quick and brave response of Chicago PD first responders. This narrative is consistent with the feedback we've received in a recent modest community outreach campaign conducted in and around Chicago. We are very pleased, but not at all surprised, with the overwhelming positive response that was garnered, including incredibly supportive comments and powerful personal testimonies of lives saved, like the tragic incident I just shared from this past weekend. Importantly, we believe the capabilities ShotSpotter helps bring about are consistent with Mayor Johnson's expressed values and his focus on community engagement. We're hopeful and looking forward to continuing our partnership with the city and citizens of Chicago. We also have positive news to share in regards to Puerto Rico... As you may recall, we reluctantly terminated our service to Puerto Rico earlier this year due to the contract expiration and the customer's inability to extend our multiyear contract. Puerto Rico has since contracted for a 90-day interim extension to resume service. They used this period not only to develop, but also issue an RFP and evaluate competitive bids. We are highly confident about our prospects for a multiyear contract award, given our stellar track record and value to the Puerto Rico Police Department. We're very excited to continue our work in Puerto Rico and build upon our relationship, representing over 10 years, should this new contract be awarded and formally executed. ShotSpotter momentum is clearly building. We continue to invest in widening our competitive moat with key new features that support increased law enforcement, transparency, and effectiveness. The first of these, our Ground Truth feature, provides responding officers the ability to quickly annotate the alert in their mobile app with a metadata description of the disposition of that incident, such as shell casing, evidence found, or victim attended. Our ShotCast feature is a media-ready digital alert that can be shared with local broadcast media, that shows the approximate location of the gunfire event on a map with an animated dot representing round count, combined with a recorded audio snippet of the alert. Lastly, our new Cop to Dot feature automatically measures and tracks the time from alert to dispatch officer response that agency management can analyze to show overall response times to ShotSpotter alerts. We're also deploying a new acoustic gunshot detection sensor platform that includes a robust azimuth capability and a neural network filtering feature that will further improve our already high accuracy rate. We believe these cumulative enhancements demonstrate our commitment to further invest in innovation and maintain our dominant position in the wide-area acoustic gunshot detection space. We are further encouraged by several cross-sale and bundle opportunities we see across our four solution offerings of the SafetySmart Platform. In the second quarter alone, we closed three cross-sale/bundle deals. The cross-sale and bundle pipeline is growing, along with new buying center opportunities that we believe will become a bigger part of our growth story going forward. Lastly, on the product front, I'm excited to share that we are negotiating an agreement with PredPol, an early pioneer in developing AI-based patrol management solutions, to transition their customers to SoundThinking's ResourceRouter solution, as well as acquire their patents and certain intellectual property. We've already hired their engineering team, who will be working on the transition plan, as well as accelerating the current ResourceRouter product roadmap. ResourceRouter provides a unique and proven way to allocate patrol resources in a way to deter crime without making arrests or over-policing. In this era of early retirements, recruitment challenges, and understaffed departments, we view these capabilities as key in helping agencies do more with less by leveraging technology. While not material in the near term, over time, we believe the combination of cross-selling PredPol customers to multiple SoundThinking solutions and the application of this patent to enhance our platform will be a meaningful value contributor to the company and facilitate our application of AI and machine learning technology to public safety. In conclusion, we're maintaining our full-year revenue guidance in the range of $92 million-$94 million for 2023, while adjusting our full-year adjusted EBITDA margin to be in the range of 16%-18% of revenues. With that, let me turn the call over to Alan. Thank you, Ralph. We're pleased with our performance in the second quarter. As Ralph mentioned, this quarter, we went live in seven new ShotSpotter cities and one new university, expanded in seven current cities and one current university. We're continuing to see an increase in the interest of our solutions across our SafetySmart Platform. At this point, we expect to add approximately 140 new miles of ShotSpotter coverage this year, almost 40% higher than 2022. In Q2, we also contracted with two new CaseBuilder customers and three new CrimeTracer customers. Our bundled product strategy appears to be working well as we are starting to see a dramatic increase from customers who would like to contract with multiple products from our SafetySmart Platform. Let me provide more details on the quarter, then I will share some thoughts around the balance of the year. Second quarter revenues were slightly ahead of expectations at $22.1 million, a 10% increase over the $20 million in the second quarter of 2022. Revenue increased as our deployed miles are up year-over-year. Gross profit for the second quarter of 2023 was $12.7 million, or 57% of revenue, versus $11.6 million, or 58% of revenue for the prior-year period. We expect gross margins to improve in the second half of the year after we are awarded the large CaseBuilder contract with the Department of Corrections customer. Our adjusted EBITDA was down to $2.4 million this year from $4.1 million last year for the second quarter, due to some one-time expenses that totaled approximately $1.7 million. As a reminder, adjusted EBITDA, a non-GAAP financial measure, is calculated by taking our GAAP net income or loss and adjusting out interest income, income taxes, depreciation, amortization, and impairment, stock-based compensation expenses, and acquisition-related expenses, including adjustments to our contingent consideration obligation. Turning to our expenses, our operating expenses for the second quarter were $15 million, or 68% of revenues, versus $8.4 million, or 42% of revenues, in the second quarter of 2022. Operating expenses included higher costs, primarily due to personnel expansion, continued high legal expenses, and approximately $1.7 million related to items such as approximately $500,000 related to a company-wide all-hands meetings tied to our company name and product rebranding launch. Over $800,000 in accelerated intangible amortization related to our Forensic Logic acquisition, a write-off related to unpaid invoices from Puerto Rico, and a couple other less material items. That said, operating expenses for the second quarter were offset by a contingent consideration adjustment, a reduction of approximately $1 million related to the potential earn-out payments associated with our Forensic Logic acquisition, which have been reduced for 2023 due to a reduction in the value of some expected contracts. Breaking down our expenses. Sales and marketing expense for the second quarter was $7.4 million, or 34% of total revenue, versus $5.8 million, or 29% of total revenue for the prior-year period. The increase in costs was related to the above-mentioned items. Our R&D expenses for the second quarter were $3.1 million, or 14% of total revenue, compared to $2.5 million, or 13% of total revenue for the prior-year period. We continued to invest in increasing the functionality of all of our products. G&A expenses for the quarter were $5.5 million, or 25% of total revenue, compared to $3.6 million, or 18% of total revenue for the prior-year period. G&A expenses do not include any changes in the fair value of the contingent consideration. The increase in G&A expenses was primarily related to increased legal costs, increased personnel-related costs, higher consulting fees, and some business acquisition costs. We expect our G&A expenses will continue to stay similar to Q2 in absolute dollars as our company grows. That said, for the third and fourth quarters, we expect that they would decrease as a percentage of revenues from what we experienced in Q2. Our GAAP net loss was $2.7 million, or $0.22 per basic and diluted shares for the quarter, based on 12.2 million basic and diluted weighted average shares outstanding. This compares to net income of $3 million, or an income of $0.25 per basic share and $0.24 per diluted share for the second quarter, based on 12.1 million and 12.3 million basic and diluted weighted average shares outstanding, respectively, for the prior-year period. Our adjusted net income for the second quarter was a loss of $3.5 million, or a loss of $0.28 per share, based on 12.2 million basic and diluted weighted average shares outstanding. This compares to a loss of $427,000, or a loss of $0.04 per share, based on 12.1 million basic and diluted weighted average shares outstanding for the prior-year period. Adjusted net income, a non-GAAP financial measure, is calculated by taking our GAAP net income and adding back acquisition-related expenses, including adjustments to our contingent consideration obligation. Deferred revenue at the end of the quarter decreased to $39 million from $43.7 million at the end of the fourth quarter 2022. The decrease was primarily related to the timing of renewals. We ended the quarter with $3.9 million in cash and cash equivalents versus $10.5 million at the end of fourth quarter 2022. The decrease is primarily related to almost $27.6 million in accounts receivable that we had at the end of the second quarter, some of which has already been collected. Our current cash balance is greater than $10 million. During the second quarter, we also repurchased 100,401 of our shares at an average price of $23.79 for approximately $2.4 million. We have approximately $25 million available on our line of credit, if ever needed, so we still have no short or long-term debt outstanding. Turning to our full-year 2023 outlook. We're maintaining our full-year revenue guidance range at $92 million-$94 million, but reducing our adjusted EBITDA margin to 16%-18% based on the increased expenses incurred during the quarter and the ongoing legal costs that are higher than expected. Now back to Ralph for some final thoughts, and then we'll be happy to take your questions. Thanks, Alan. Before we take your questions, I want to give a personal shout-out and thank you to our project management and field services teams that really stepped up and had a phenomenal first-half performance of go-live activity this year. I also want to thank our Incident Review Center, customer service, and DevOps teams for executing to one of the smoothest drama-free July 4th holidays we have ever experienced in the 10+ years I've been with the company. The company-wide collaborations and collective passion for our purpose sets us apart and is literally saving lives every single day. Thank you. With that, we'll now take your questions. Thank you. Ladies and gentlemen, we will now begin the question-and-answer session. Should you have a question, please press the star followed by the one on your telephone keypad. Should you wish to cancel the request, please press the star followed by the two. One moment, please, for your first question. Your first question comes from the line of Richard Baldry. Please go ahead. Thanks. Could you sort of mention that there could be upside to another 10 miles in the second half added? Talk about sort of what the swing factors there are. Is it, you know, the time to get to contract still, or is it more deployment or maybe a little bit of both? Yeah, this is Ralph, Richard. Thank you very much for that question. It's a little bit of both. We have a number of deals that are in the last stage of being negotiated, and to the extent that we're able to kind of bring those over the wire and book them, soon enough to be able to staff them with project managers and get them deployed before the year end, that's what that extra 10+ miles could potentially be. Okay. I think I heard that, you know, the large CaseBuilder deal contract was actually closed in the second quarter, if I heard that correctly. Could you maybe talk about the factors around, you know, deploying that? What needs to be done to deploy it, sort of around rev rec, when could it start to impact the PNL? Does it scale over time? Just more any color around, you know, how that will, will work in the future. Yeah. This is Ralph again. Yeah, let me correct you. We haven't formally closed that transaction yet. That's still very much in the pipeline and being worked. In fact, we ran into a bit of a delay, which is the bad news. I guess the good news is that part of the delay was due to negotiating another year of contract on that deal. Previously, I think we had talked about it being a five-year, kind of $16 million deal. It's now been extended to 6 years and will come in at approximately $18 million. That is still very much in the pipeline, and we're hoping to get that closed in the next quarter. Okay, great. Then on the bundled sales, can you maybe talk a little bit about how, how that process is working? Are you leading with that? Are you finding that there's sort of inbound interest when you're approaching on that? Is that a few of your salespeople are sort of running with that as a, as a, you know, primary, or is that really across the board for your, for your sales guys? Yeah. This is Alan. I, I'll answer then Ralph can add, too. It's across the board for all of our salespeople. The commissions plans we set up includes all of the different products that we're selling right now. We're finding that when we talk about one particular solution, the customer says, "Well, I also heard about this." In that case, we, we currently tell them about the other solutions, and even if they have not asked for the additional information, we can say, "And oh, by the way, we also have this and this, that also might be interesting to you, such as it was to customer X, Y, or Z." It, it is something that we're hearing a lot more interest in, in people that are looking for the, the bundled products. You know, in, in pushing that, is there some sort of concept of if you take it both up front and do it, that there's, you know, a discount or a better pricing associated with that? Do you just feel that, you know, when you're in implementing, it's just easier to do both at the same time, so the clients are just happy to, to get it done in one shot? Yeah, this is Alan again. Great question. No, we are offering a slight discount. It's, it's not significant when you start adding the additional contracts, but it is a slight discount and enough that people are taking advantage of it. Great. Thanks. Thank you. Your next question comes from the line of Mike Latimore from Northland Capital Markets. Please proceed. Hi, this is Aditya on behalf of Mike Latimore. Could you tell me what% of the bookings in the first half of the year came from the Tier Four and Tier Five city? Yeah, I, I think I, I'll try to answer your question. I'm not sure it, we heard it correctly, correctly, so please jump in if we're, if we're wrong. I think we're, we're saying that we booked a number of cities, both new cities as well as expansion cities, along with a couple of new universities. I think sum total, when you look at our, our, our go-live activity for Q1 and Q2, plus what we have on tap, currently that's booked and staffed in project, we think we could get to 140 sq mi of deployment, which is 20 miles ahead of what I think we originally talked about in terms of the plan. We're, we're well ahead on the core part of our business with respect to domestic acoustic gunshot miles going live. Does, does that answer your question? Yeah, but what percentage of it comes from the Tier Four cities, Tier Five cities? Yeah, I, I guess, you know, what, what we would say is. ...In, in terms of the things that we had, we, we there are a couple contracts that went live or started to go live and, or assigned actually in Q2, that we were awarded by the cities in the second half of last year. For example, if you talk about Suffolk County or Cleveland, we mentioned those in the fourth quarter last year, but they didn't actually get signed until the first and second quarters of this year. We are seeing more new cities that are coming in. Sometimes it takes them a little while to say they're approved at the city council to actually get signed under contract, though. All right. Got it. Could you give some color on what kind of gross margins we can accept, expect for the second half of the year? Yeah, sure. This is Alan again. We did see an increase in gross margins. First quarter was only about 55%. We're now back up to 57%. We are expecting gross margins to increase, continuing into Q3 and Q4. Some of those are related to when we expect Puerto Rico to get back under contract. That will significantly improve the gross margin, as well as the Department of Corrections contract, the large one. We've already incurred a lot of the costs related to that revenue that's coming in, so it's gonna come in with a higher gross margin as well. We would expect and hope to have that gross margin pretty close to 60% by the time we end the year. Great. Thank you. Thank you. Your next question comes from the line of Jeremy Hamblin from Craig-Hallum Capital Group. Please proceed. Hey, guys. Thanks for taking the questions. I wanna come back to the expense side of the business, the operating expenses, and just make sure that I had a good understanding of expectations going forward. You know, kind of starting with the sales and marketing costs, which accelerated, you noted that you've made some investments looking to drive the business. I just wanted to understand, you know, $7.4 million in Q2, I think probably one of the biggest step ups, maybe the biggest step up you guys have had in any quarter sequentially since you've been public. You know, is any of that one time, is that kind of $7 million+ really the range that we would be thinking about on a go-forward basis? you know, how, how should we be thinking about that into 2024 as well? Yeah, Jeremy, this is Alan. Excellent question, thank you for asking because it is, is a little hard to understand. When you to go from $5.8 million last year in Q2 to $7.4 million, it's about $1.6 million increase. Here's the interesting thing about that, is out of that $1.6 million, $1.5 million of that is related to expenses that generally would not recur. $800,000 of that is directly related to an intangible amortization that we accelerated related to trademarks and Forensic Logic. When we changed that from COPLINK X into, to CrimeTracer, we had to adjust based on how purchase price allocations work conditions, we had to accelerate that. Otherwise, that $800,000 would have just been expensed over the next 10 years. That $800,000 is not going to renew, so already $1.6 million of that has been cut in half. About $500,000 of that was directly related to the rebranding launch of the company name and the four products. We're not going to be doing that again. That $500,000 is a one-time cost as well, that's not going to recur. That's already $1.3 million-$1.6 million. That takes you back down to almost exactly where we were last year. We have added some costs. We've added about $1 million in terms of actual personnel and things like that. You can see $200,000 that are increased in this quarter. That's what's going to continue, but the rest of that is not. That's incredibly important to understand. When you think about, you know, sales and marketing at 34% this year, we're expecting that to go back down to around 28% as we go forward. Got it. When you say 28%, you're talking about in second half of 2023 as a% of revenue? Yeah, I, I'm referring 28%. That was close to what it was in Q1, so we're expecting to go back down, or, or maybe even a little lower as our revenues continue to increase. So it's definitely not gonna be anywhere near the 34% that we have this quarter. Right. No, understood that. Okay. In, in the G&A, though, it sounds like that is more of a step up, albeit that there's also some things that are maybe one time in nature. Just a little more color- Uh- -on that. It sounds like you're thinking. Yeah. Go ahead. Again, this is Alan. Alan answering as well. There are some one time, it's a little hard to say one time, because you can't always exactly say it's only one time. When you have things that are related to bad debt or acquisition-related, they rarely happen, but they're not necessarily one time. That said, there was almost $500,000 in Q2 related to those two exact things. You know, those we hope to not recover. The other stuff that's a little harder to say is in terms of the legal, the legal continues to be a little higher than we would have expected. We continue to get more subpoenas than we have in the past, well, not in the past year, they've been higher. If you look at the past four to five years, it's significantly higher than that. We're also getting better at how we are responding to those. It is something that all the legal expenses are probably going to stay a little higher than we had hoped. We're hoping that we can reduce those by being better at how with those. G&A is gonna stay a little higher in terms of actual dollars, but it's definitely gonna be a lower percentage as the top-line revenue continues to grow. Okay, got it. Then this is a little bit more long-term thinking, but it's, it's such a significant change here in, in the EBITDA margin expectations, right? Where, you know, I think we have been looking at kind of mid-twenties, now we're looking at, you know, 17% at the midpoint of your guide. You know, on a go-forward basis, you know, it does sound like the, you know, the business just is gonna carry a little bit more expense than previously thought for a variety of reasons. You know, what would your-- you know, what's a more reasonable target? I assume that you guys would plan to get back into the twenties next year. Is that fair? Yeah, this is Alan, I'll start and Ralph out as well. Absolutely. Part of the reason is, if you think about that $1.7 million that we expensed, this is not gonna recur, even if you just add that back, the number goes up. We're definitely gonna be north of 20 as we go into next year. The other thing that's also really important is, we have said this a couple of times, is we've already staffed up the majority of the people that we're gonna need to do this Department of Corrections contract, which brings in about $2 million a year in subscription, as well as, you know, between $1 million and $2 million a year in professional services as well. Those are gonna come with a significantly higher gross margin, which is gonna flow down to the bottom line and also increase adjusted EBITDA. Yeah. Contribution, actually. Contribution, yeah. Contribution margin, yeah. I would just add, too, I think we, we made very prudent investments by kind of, putting the pedal to the metal on sales and marketing because we saw a unique opportunity to really scale and grow the business in this particular moment. I think it's fair to say, even on a very short-term basis, with respect to the performance we're seeing on go live miles cadence, that it's paying off. It was very prudent for us to do it. You know, we've gone from going live with 100 miles for, I think, the past two years in a row. We're now stepping that up. We're talking about 140 to possibly 150 miles. That's a 40%-50% increase, and that doesn't happen like magically. It happens because we're very intentional about making investments and kind of go-to-market motion. So we, we thought it was prudent, we thought it was prudent to make those investments and be a little bit more, I would say, kind of generous in terms of how we invested, because we saw an opportunity to really accelerate our, our footprint in acoustic gunshot detection, and it's paying off. It was a smart thing to do. Thanks for the color, guys. Best wishes. Thank you. Thank you once again. Should you have a question, please press Star, then the 1 on your telephone keypad. Your next question comes from the line of Jonathan Ruykhaver from Cantor Fitzgerald. Please go ahead. Yeah. Hi, guys. Good afternoon. I, I, I believe there was a pipeline of state and federal opportunities that came along with, with Forensic Logic. I just want to be clear, that, that the accelerated amortization wasn't related to any potential lost customers there. Yes, this, this is Alan reporting that. The acceleration of the asset is totally related to the name change, has nothing to do with that. That said, we also did have contingent consideration adjustment, which was about $1 million, that was related to Forensic Logic, a slight delay in some of the contracts that we, that we are getting. I also want to say, while, while we had to reduce that related to the numbers tied to the earn-out, they're also gonna grow about 30% from last year in terms of the revenues that we're getting from Forensic Logic. Things are still going well. We just had to, from an accounting perspective, make that adjustment related to the earn-outs. Okay, that, that's helpful. It sounds like you, you still feel pretty comfortable with the demand environment, looking at that product specifically? Absolutely. Yeah, 100%. In fact, one of the bundle deals that we talked about was actually led with the CrimeTracer solution that actually brought in the Investigate solution behind it. Okay. Yeah, that, that's, that's great to hear. Also just, just to be clear, the, you know, the write-off related to Puerto Rico, is that, you know, is, is that a risk that you continue to see that? I know you touched on that contract briefly, how, how do you view those potential further, further write-downs on that contract? Well, this is Alan. We don't expect any further write-downs of that. That was really tied to the uncollected collectible receivable. We are now, as Ralph mentioned, waiting for the results of a multi-year contract with them again. We don't expect that to recur. ... Okay, that's good. That's good to hear. Then, you know, just the, the, the go-to-market initiatives, you, you, you touched on this briefly, but, but specifically the, you know, the, the initiatives to add more reps per territory. I'm just curious on how you're tracking those plans. Then I, I guess even more importantly, how are you managing account conflict as you add more reps per territory? What's the delineation mark? I assume it relates to the different tiers, but, but how are you managing that? Yeah, great. This is Ralph. I'll, I'll answer that, great question. I think it first starts with amazing sales leadership, which we're incredibly grateful to have in our company, with our sales leader, Gary Bunyard. As you recall, the way we're organized is we have territory reps that are responsible for geographic territories, and they're collaborating with overlay reps, if you will, that have specialties, be it, you know, CrimeTracer, CaseBuilder, Acoustic Gunshot Detection with respect to ShotSpotter. They're basically quarterbacking the opportunities within their particular territories. What's been exciting about some of our platform extensions is that we're now being able to. We're now in a place that we can go after different buying centers than what we've traditionally been able to execute towards. There's obviously the state and local or very, let's say, local law enforcement agencies that has been really a part of our DNA for a number of years. We're adding on to that new buying centers that are these kind of state-level agencies. In fact, we've seen some success already with the CrimeTracer solution, with very successful state sales. We talked, I think, like late last year, about a seven-figure deal that was taken down for the state of Massachusetts. We're now seeing some state-level opportunities for CaseBuilder solution. We actually won an award at a state investigative agency for a CaseBuilder investigative case management solution, completely different buying center than our traditional local law enforcement. There's another opportunity that opens up for us to go after local law enforcement agencies that don't have the ongoing persistent gun crime that we've been traditionally focused on with respect to ShotSpotter. There's a lot of opportunity out there for us, and we're finding kind of going into markets with a kind of platform discussion is very, very helpful because oftentimes we find that we're thinking they might be interested in one thing, but when they see the entire suite story, they're actually interested in maybe one or two other things as well. That pipeline is continuing to grow and build, and we're gonna see, you're gonna see more from us in terms of how we're actually integrating these products technically to make them work more effectively with one another. We're in the early stages of this and very excited about the response that we've seen, to date. Yeah, that's great. Very helpful. Thank you. Thank you. Once again, should you have a question, please press star, then the one on your telephone keypad. Thank you. At this time, this conclude our question and answer session. If your questions was not taken, you may contact SoundThinking's investor relations team by emailing ssti@gatewayir.com. I'd now like to turn the call back over to Mr. Clark for his closing remarks. Thank you. Great. Thank you very much. We really appreciate, everyone's questions and engagement. Looking forward to, continuing our conversations with you, on one-on-one calls. Thank you very much. Thank you for joining us for today's call. You may disconnect.