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SoundThinking CVR payout by ShotSpotter revenue and SafePointe lane-years

The exact CVR waterfall applied to selected 2027 ShotSpotter revenue cases and productive SafePointe lane-years normalized at $20,000 each.
Published September 30, 2026Data through September 30, 2026CVR dollars per shareSource study v1.0
Multi-line chart showing CVR payout increasing with productive SafePointe lane-years, with higher ShotSpotter revenue shifting the payout curve upward.
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Figure provenance

Research data date
September 30, 2026
Primary evidence
SoundThinking merger agreement and Q2 2026 disclosures; Grizzly Bulls calculations.
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Lee Bailey. “SoundThinking CVR payout by ShotSpotter revenue and SafePointe lane-years.” Figure from SoundThinking CVR Math: Valuing the $3 Earnout From the Bottom Up. Grizzly Bulls, September 30, 2026. Data snapshot September 30, 2026. https://grizzlybulls.com/research/figures/ssti-cvr-payout-by-safepointe-lane-years

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<figure>
  <a href="https://grizzlybulls.com/research/figures/ssti-cvr-payout-by-safepointe-lane-years" rel="nofollow">
    <img src="https://grizzlybulls.com/research/figures/ssti-cvr-payout-by-safepointe-lane-years.svg" alt="Multi-line chart showing CVR payout increasing with productive SafePointe lane-years, with higher ShotSpotter revenue shifting the payout curve upward." loading="lazy" />
  </a>
  <figcaption>Source: <a href="https://grizzlybulls.com/research/soundthinking-cvr-math" rel="nofollow">Grizzly Bulls Research</a></figcaption>
</figure>

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