Why Is SoundHound AI Stock Plummeting After Earnings?
SoundHound AI stock is down 10% after earnings despite a double beat.
AI predicts SoundHound (SOUN) stock price for year-end
SoundHound AI Inc. (NASDAQ: SOUN) has emerged as a powerhouse in the AI sector, outpacing the broader market with a remarkable year-to-date gain of 263%, leaving the S&P 500's 25.8% growth far behind.
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 gross margin declined to 48.6% from 72.9% due to the impact on the mix from recent acquisitions.
SoundHound AI Will Advance By Triple Digits in 2025: Here's Why
SoundHound AI NASDAQ: SOUN will advance by triple digits in 2025 because it is the leading play on conversational AI. The company is well-positioned in a world where AI is rapidly advancing and AI-enabled services are expected to dominate, providing a suite of services and apps that connect brands of all varieties with people meaningfully.
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 rating due to promising results and strong subscription growth. Despite gross margin declines, SoundHound aims for adjusted EBITDA profitability by 2025 through cost synergies and backend tech integrations.
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 Participants Gil Luria - D.A. Davidson Scott Buck - H.C.
SoundHound AI, Inc. (SOUN) Reports Q3 Loss, Tops Revenue Estimates
SoundHound AI, Inc. (SOUN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago.
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 Stock On Wild Ride Ahead Of Q3 Report
SoundHound stock has surged ahead of the company's Q3 report as investors bet on continued adoption of its conversational AI technology. The post SoundHound AI Stock On Wild Ride Ahead Of Q3 Report appeared first on Investor's Business Daily.
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 artificial intelligence company is still projected to lose 8 cents a share – down only marginally from 9 cents per share a year ago.
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, organic growth is low, and operating losses and cash outflows challenge scalability. The company's end markets, including the auto and restaurant sectors, offer opportunities, but profitability remains a concern.
SOUN Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?
SoundHound AI's third-quarter 2024 results are expected to reflect benefits of a strong portfolio, a solid partner base and an expanding clientele.
