SoundHound AI, Inc. (SOUN)
| Market Cap | 2.38B |
| Revenue (ttm) | 67.30M |
| Net Income (ttm) | -111.07M |
| Shares Out | 369.75M |
| EPS (ttm) | -0.36 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 25,133,398 |
| Open | 6.65 |
| Previous Close | 6.51 |
| Day's Range | 6.30 - 6.74 |
| 52-Week Range | 1.62 - 10.25 |
| Beta | 3.04 |
| Analysts | Buy |
| Price Target | 7.75 (+20.34%) |
| Earnings Date | Nov 12, 2024 |
About SOUN
SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software developm... [Read more]
Financial Performance
In 2023, SoundHound AI's revenue was $45.87 million, an increase of 47.36% compared to the previous year's $31.13 million. Losses were -$91.71 million, -21.42% less than in 2022.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for SOUN stock is "Buy." The 12-month stock price forecast is $7.75, which is an increase of 20.34% from the latest price.
News
SoundHound AI: Monster Move May Not Be Over Yet
SoundHound AI stock's recent breakout has justified my bullish thesis. The stock has significantly outperformed the S&P 500 since my last update. SoundHound AI's upgraded outlook clarifies its ability...
SoundHound AI Delivers “Hey Kia” Voice AI Experience To India As Part of Kia Connect
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the expansion of its advanced voice AI t...
Nvidia-backed SoundHound AI wants to reach 'all' brands: CEO
SoundHound AI (SOUN) shares nosedived after the company, backed by chip giant Nvidia (NVDA), reported quarterly results that beat analysts' estimates but showed declining margins. SoundHound AI Co-Fou...
SoundHound AI Stock Tumbles as Margins Drop
SoundHound AI (SOUN) shares plunged 16% Wednesday, a day after the provider of artificial intelligence (AI) voice technology software reported a big drop in gross margin.
SoundHound AI: Weak Numbers Under The Surface
SoundHound AI's reported growth is misleading; pro forma revenues actually declined 10% in Q3, revealing underlying business weaknesses. The Amelia acquisition contributed far more to revenue targets ...
SoundHound: Expensive Valuation Amid Cash Burn And Competitive Pressures (Rating Downgrade)
SoundHound's stock has risen approximately 90% since February, influenced by NVIDIA's disclosed investment. In Q3 2024, SoundHound reported an 89% year-over-year revenue increase to $25.1 million. The...
SoundHound Q3 Earnings: A Busted SPAC Riding AI Hype
SoundHound AI, Inc. went public during the COVID-era de-SPAC boom and the share price has been on a roller coaster ride over these last 30 months. The company is funding growth through acquisitions an...
SoundHound Q3: Switching Growth Lanes On AI Subscriptions
SoundHound AI's Q3 revenue hit a record $89 million, driven by robust AI spending and successful acquisitions boosting subscription revenue. I am now bullish on SoundHound, upgrading it to a Buy ratin...
SoundHound Stock Drops. Why the Nvidia-Backed AI Company Disappointed the Market.
SoundHound AI shares dropped after a steep really in recent days. Nvidia revealed that it had invested in the company earlier this year.
SoundHound AI, Inc. (SOUN) Q3 2024 Earnings Call Transcript
SoundHound AI, Inc. (NASDAQ:SOUN) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Scott Smith - Head, IR Keyvan Mohajer - CEO Nitesh Sharan - CFO Conference Call Pa...
SoundHound diversifies its business beyond cars, but the hot AI stock retreats
The voice-based AI company is becoming less concentrated, as its top customer made up a far lower portion of overall revenue relative to a year before.
SoundHound AI Reports Record Third Quarter Revenue, Up 89%, Exceeding $25 Million; Raises Outlook
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the third quarter 2024. “This is So...
SoundHound stock ‘remains a high-risk investment' ahead of Q3 earnings report
SoundHound AI Inc (NASDAQ: SOUN) is expected to report $23.68 million in revenue for its third financial quarter on November 12th. While that translates to an exciting 78% annualized growth, the artif...
SoundHound AI: Don't Risk Too Much Before Q3 Release
SoundHound AI stock has risen over 40% in the last 5 days but remains high-risk due to persistent fundamental issues and reliance on acquisitions for growth. Despite a 54% YoY revenue increase, organi...
SoundHound stock price analysis: Is SOUN a good AI investment?
SoundHound (SOUN) stock price has moved sideways in the past few months as the momentum it had a few months ago has faded. It was trading at $5.37 on Tuesday as traders repositioned for the upcoming e...
SoundHound Phone Ordering Crosses Milestone as AI System Processes 100 Million Customer Interactions for Restaurants Across the U.S.
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #conversationalAI--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, announced today that the company's AI phone orde...
SoundHound stock is getting closer to removing a huge overhang
SoundHound AI Inc (NASDAQ: SOUN) has rallied about 20% this week even though there hasn't been any particular news that could have catalysed such a price action.
SoundHound AI To Report 2024 Third Quarter Financial Results, Host Conference Call and Webcast on November 12
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that it will report its 2024 third quarter financial results...
Research Finds 76% Of U.S. Drivers Likely To Use Voice Generative AI Capabilities In Their Vehicles
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of ...
Research Finds 79% Of Drivers Across Europe Would Use Voice Generative AI Capabilities In Their Vehicles
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of ...
SoundHound AI Brings Voice Assistant With Generative AI to Lancia Vehicles Across Europe
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that its category-leading voice assistan...
SoundHound stock: has it already had its moment in the sun?
SoundHound AI Inc. (NASDAQ: SOUN) has disappointed its shareholders over the past six months, and there is little indication that this will change anytime soon. While the California-based company cite...
SoundHound AI's Amelia Wins XCelent Advanced Technology 2024 Award for Retail Banking Solutions
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #FinServ--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that its Amelia conversational AI platfor...
SoundHound AI: High-Growth Contender Poised To Dominate The Voice AI Market
SoundHound AI's explosive revenue growth, strategic acquisitions, and debt-free balance sheet position it as a compelling investment in the AI-driven voice and conversational intelligence market. The ...