SoundHound AI Inc

SoundHound AI, Inc. engages in the development, owning, and commercialization of voice, sound, and natural language artificial intelligence technologies and related activities. The conversational intelligence company was founded in 2005 and is headquartered in Santa Clara, CA.

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Earnings data Q1 2024

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SoundHound reports robust Q4 earnings, eyes AI innovation for growth

SoundHound's strong financial performance in Q4 2022 and focus on conversational AI innovation position the company for continued growth in 2023.
While challenges exist in achieving profitability and monetizing new AI products, opportunities from new technologies and partnerships drive optimism.

SoundHound AI Inc reports robust Q1 growth and strategic partnerships

SoundHound AI Inc's Q1 performance reflects strong revenue growth, strategic partnerships, and operational improvements despite an operating loss.
The company's innovative technology, focus on customer service, and market opportunities position it for growth and competitive advantage.
While facing challenges in cost management and market competition, SoundHound remains optimistic about the AI sector's potential and its growth prospects.

SoundHound AI reports strong Q2 growth, eyes enterprise expansion

SoundHound AI Inc showcased robust performance in Q2 2023 with significant revenue growth and operational improvements, despite facing profitability challenges.
The company's strategic strengths lie in attracting key investors, introducing innovative AI solutions, and expanding partnerships for market expansion.
To capitalize on opportunities, SoundHound must address profitability concerns, focus on sustainable revenue streams, and leverage partnerships for continued growth.

SoundHound AI Inc reports record Q3 revenue growth and diversification

SoundHound AI Inc (SOUN) delivered strong financial results in Q3 2023, with revenue growth, improved margins, and positive EBITDA outlook for Q4.
The company's strategic focus on Pillar 1 and 2 products, successful partnerships, and efficient SMB servicing position it for continued success and growth.
While facing challenges like customer concentration and external factors, SoundHound has opportunities to diversify, innovate, and expand its market presence.

SoundHound AI Inc reports record Q4 revenue and eyes restaurant AI market for growth

SoundHound AI Inc's Q4 performance reflects robust revenue growth, margin improvement, and strategic advancements in AI product offerings and customer service solutions. The SYNQ3 acquisition enhances the company's position in the restaurant AI sector, offering substantial growth opportunities and synergies. Challenges lie in managing deployment pace and maintaining profitability amidst ambitious margin targets.

SoundHound reports robust Q3 earnings, eyes profitability and sector expansion

SoundHound's Q3 performance reflects strong revenue growth and expansion into new markets, underpinned by strategic partnerships and technological innovation.
While facing financial challenges with an EBITDA loss, the company aims to achieve profitability by 2025 and capitalize on growth prospects in diverse sectors.
By actively considering M&A opportunities and collaborations with industry leaders, SoundHound positions itself for continued growth and competitiveness in the dynamic AI market.

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SoundHound AI, Inc. engages in the development, owning, and commercialization of voice, sound, and natural language artificial intelligence technologies and related activities. The company was founded on September 2, 2005 and is headquartered in Santa Clara, CA.

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AI--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced its advanced AI technology, including innovative Edge+Cloud connectivity, multiple language capabilities, and a custom-branded voice assistant, is live in a new line of smart vehicles from Turkish mobility provider, Togg. Launched in Q2 2023, Togg vehicles have been described as a “new living space” that will redefine mobility. As part of Togg's tech-forwar.

SoundHound Collaborates with Togg to Deliver Voice AI Experience to New Smart Vehicles

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SoundHound AI (SOUN) launches its Smart Answering service, a fully automated, AI-driven call-answering system that can handle queries. This reflects its expanding product portfolio.

SoundHound AI (SOUN) Launches Smart Answering for Businesses

SoundHound AI, Inc. (NASDAQ:SOUN ) Q2 2023 Results Conference Call August 8, 2023 5:30 PM ET Company Participants Scott Smith - Head of Investor Relations Keyvan Mohajer - Chief Executive Officer Nitesh Sharan - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Markets Brett Knoblauch - Cantor Fitzgerald Operator Good day, and welcome to the SoundHound Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

SoundHound AI, Inc. (SOUN) Q2 2023 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #conversationalAI--SoundHound AI, Inc. (Nasdaq: SOUN) (“SoundHound”), a global leader in voice artificial intelligence, today announced that its fully-automated Smart Answering service will now put the most powerful AI in the world in the hands of any business. The subscription service uses SoundHound's best-in-class voice AI, combining software engineering and Generative AI to handle inbound customer calls instantly and accurately. Smart Answering extends SoundHound's popula.

SoundHound AI Launches Fully Automated Smart Answering Service That Lets Any Business Handle Customer Service Calls With Voice AI

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SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #Q2--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the second quarter of 2023. “We mark another quarter of strong growth, with our AI powering millions of devices and services and billions of successful interactions per year. We expect our unique Generative AI integration will result in faster adoption and even greater capabilities,” said Keyvan Mohajer, CEO and Co-Founder of SoundH.

SoundHound AI Reports Second Quarter Revenue Increase of 42%, Adjusted EBITDA Improves 50%, Strong Increase in Cash Position, Investment in Generative AI Foundation Model

NEW YORK , Aug. 4, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public. SO WHAT: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, LEADING INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation - SOUN

SoundHound AI's (SOUN) second-quarter 2023 performance will likely reflect its innovative product pipeline's positive impact and increased adoption of its products globally.

What's in Store for SoundHound AI's (SOUN) Q2 Earnings?

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SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #QSR--SoundHound AI, Inc. (Nasdaq: SOUN) (“SoundHound”), a global leader in voice artificial intelligence, and White Castle, America's first fast-food hamburger chain, today announced a first-of-its-kind expansion of their partnership to deliver a superior voice AI-enabled drive-thru experience to restaurant customers across multiple locations nationwide. In the first phase of its partnership, SoundHound's technology powered voice AI ordering technology at select.

SoundHound and White Castle Commit to Expand Successful Drive-Thru AI Partnership

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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public. SO WHAT: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrang.

SOUN LOSS ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors With Losses to Inquire About Securities Class Action Investigation – SOUN

Investing in SoundHound AI is speculative, with uncertain profitability prospects. Voice AI technology presents a promising growth opportunity, but SoundHound AI may not be the best investment choice to benefit from this trend. I downgrade the stock to a sell rating due to concerns about the company's revenue growth rates and financial stability.

SoundHound AI: Market Reacts Negatively To Equity Raise (Rating Downgrade)

SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence announced that it will report its 2023 second quarter financial results on Tuesday, August 8, 2023. The company will host a conference call and webcast at 5:30 p.m. ET to review the results on the same day. As of June 30, 2023, the company had approximately $130 million of total cash. On July 24, 2023, the company filed a three year shelf registration statement on Form S-3.

SoundHound AI Announces Date of 2023 Second Quarter Financial Results, Files S-3 Shelf Registration, Reports Strong Cash Position of Approximately $130 Million

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SoundHound AI, Inc. (SOUN) closed the most recent trading day at $3.17, making no change from the previous trading session.

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SoundHound AI capitalizes on the growing interest in artificial intelligence solutions despite its modest financial resources. The company has transitioned from a consumer-focused music-identification tool to an enterprise-level voice-recognition solution provider.

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News for SoundHound AI Inc Stock (SOUN)