ShotSpotter Announces $15 Million Stock Repurchase Program
ShotSpotter, Inc. (SSTI)
Last shotspotter, inc. earnings: 2/18 04:05 pm
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US:NASDAQ Investor Relations:
ir.shotspotter.com
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Source: GlobeNewswire
NEWARK, Calif., May 23, 2019 (GLOBE NEWSWIRE) -- ShotSpotter, Inc. (NASDAQ: SSTI), the leader in gunshot detection solutions that help law enforcement officials and security personnel identify, locate and deter gun violence, today announced that its Board of Directors has approved a program for the repurchase of up to $15,000,000 of its common stock. “Given our strong balance sheet and healthy cash flow position, we are afforded the opportunity to continue investing in our strategic organic growth drivers, preserve optionality for potential tuck-in acquisitions, and simultaneously return excess cash to our stockholders through a stock repurchase program,” said Ralph Clark, CEO of ShotSpotter. “This program is also intended to help offset dilution from our employee equity plans. Our management team and board of directors believe that the repurchase program underscores the Company’s ongoing commitment to increasing stockholder value.” Repurchases, if any, under the program may be ma
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