• The company has an attractive business model that generates decent cash flow already and tiny profits.
• However, worries about the true size of its TAM, declining growth and emerging competition have cooled our enthusiasm from a few years back.
• The shares seem fairly fully valued to us at present, even if the impact of the pandemic isn’t too bad.

Source: ShotSpotter Has Limited Upside Left Unless Growth Re-Accelerates (NASDAQ:SSTI) | Seeking Alpha