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.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

It offers the highest-quality independent voice AI platform that allows its customers to control their brand identity, user experience, and user data. SoundHound AI is risky and has only produced operating and net losses throughout its history as a publicly traded company.

The AI-Powered Potential of SoundHound AI: A Must-See Investment Opportunity

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AI--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced it is joining forces with ChowNow, the leading online ordering and marketing platform designed to support independent restaurants, to enable restaurants to answer and respond to every inbound customer call. Using SoundHound's new Smart Answering service, all restaurants on ChowNow will now have the option to add a new capability that lets them handle inboun.

SoundHound Joins Forces With ChowNow To Ensure Restaurants Never Miss A Call

Opera Ltd - ADR

Investors have raced to add artificial intelligence (AI) stocks to their portfolios this year. While names like Nvidia are extremely popular, there are several smaller AI stocks to consider.

2 Fast-Growing -- But High-Risk -- Artificial Intelligence Stocks That Could Soar 66% to 118%, According to Wall Street

Lantern Pharma

Nerdy

The artificial intelligence ( AI ) boom is far from over. For example let's look at Nvidia (NASDAQ: NVDA ), where CEO Jensen Huang still believes his stock is wildly undervalued.

3 AI Stocks That Still Trade Under $10 Per Share

SoundHound AI's stock is volatile due to AI hype. The company reports solid growth and has a decent backlog, but the momentum isn't large enough to match the constant hype. SoundHound AI's stock is more appealing when it dips towards $2 and the market cap reaches $500 million.

SoundHound AI: Buy Point

SoundHound is a lesser-known AI stock that focuses on building conversational AI tools for fast food companies and automotive OEMs. SoundHound has already secured impressive clients and estimates a large market opportunity worth $160 billion. A recent debt financing has sufficiently capitalized SoundHound ahead of its plans to become adjusted EBITDA neutral by Q4.

SoundHound: The Future Is Promising; Tremendous Growth At Just 6x Rev

Ardelyx

Rocket Lab USA

United States productivity increased by a 3.7% annualized rate in Q2 2023. Michael Feroli, Chief U.S. economist at JPMorgan (NYSE: JPM ), wrote that expectations for a strong boost in the three-month period “offer glimmers of hope that trend productivity is picking up,” as rising investment in software and information processing will boost growth for the economy.

Don't Sleep on These 3 Penny Stocks That Will Mint Millionaires

BigBear.ai Holdings

Despite the pullback in the technology indices and that of the broader market, the transition to artificial intelligence ( AI ) has only just begun. ChatGPT kicked off this sudden surge of interest in machine learning stocks, and it looks to have a transformational impact on society.

The 3 Most Undervalued Machine Learning Stocks to Buy Now: August 2023

NEW YORK , Aug. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SoundHound AI, Inc. ("SoundHound" or the "Company") (NASDAQ: SOUN). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SoundHound AI, Inc. - SOUN

AudioEye Inc

Advanced Micro Devices

Lantronix

FiscalNote Holdings Inc

Rekor Systems Inc

Looking for the best AI stocks to buy now? You might have to get in line — artificial intelligence is one of 2023's hottest market trends, and several companies in the industry have already seen massive growth.

8 Best Artificial Intelligence Stocks Under $10

Wedbush Securities analyst Daniel Ives thinks SoundHound AI stock could hit $7 per share in the next year. The stock jumped thanks to the analyst's coverage.

Why SoundHound AI Stock Is Gaining This Week

NEW YORK , Aug. 17, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate 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, A LEADING LAW FIRM, Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation - SOUN

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

If you've been on the sidelines with artificial intelligence stocks, the recent pullbacks are handing investors another opportunity to buy. That includes the likes of Nvidia (NASDAQ: NVDA ), Microsoft (NASDAQ: MSFT ), Advanced Micro Devices (NASDAQ: AMD ), Palantir (NYSE: PLTR ) and dozens more, even in AI penny stocks.

The 3 Most Undervalued AI Penny Stocks to Buy Now: August 2023

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

Palantir Technologies

The AI boom has fueled a tech stock rally this year. Investors are scooping up shares of virtually every AI-related stock, but some I wouldn't buy with free money.

1 Artificial Intelligence (AI) Growth Stock to Buy Hand Over Fist, and 1 I Wouldn't Touch With a 10-Foot Pole

Remark Hlds

As we forge ahead into the AI era, the top AI penny stocks have become increasingly relevant, emerging as a buzzword among savvy investors. Projected to inject a massive $15.7 trillion into the global economy by the conclusion of the current decade, AI is no longer just the playground for large-cap tech giants.

3 AI Penny Stocks With the Potential to Make Your Financial Dreams Come True

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?

Amesite Operating

GSI Technology

ShiftPixy

Veritone

Let's take a look at some of the top AI stocks in August 2023. For the most part, the average investor is familiar with the major names in the sector, such as  Nvidia (NASDAQ: NVDA ) and Microsoft (NASDAQ: MSFT ).

7 AI Stocks to Buy Under $5 in August 2023

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

Ideanomics Inc

Predictive Oncology Inc

The era of artificial intelligence is upon us. By 2030, AI is expected to contribute $15.7 trillion to the global economy.

News for SoundHound AI Inc Stock (SOUN)