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Stock impact report

SoundHound Shares Rally as Revenue Soars. Can the Stock Continue to Rebound? [Yahoo! Finance]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: Yahoo! Finance
Shares have nearly doubled over the past year, as of this writing, but they're down 50% year to date. SoundHound popped up on investors' radar after chip giant Nvidia revealed an investment in the artificial intelligence (AI) company in Feb. 2024. However, the stock has tumbled the past few weeks following the news that Nvidia exited its position late last year. Let's take a look at the company's latest developments to see what may lie ahead for investors. Revenue is soaring SoundHound continued to grow rapidly in Q4 as revenue more than doubled year over year to $34.5 million. Its adjusted net loss increased slightly from $0.04 per share to $0.05 per share. Both results easily surpassed the analyst consensus for a loss of $0.10 on revenue of $33.7 million, as compiled by Factset The company finished the year with a cumulative subscriptions and bookings backlog of $1.2 billion, up more than 75%. The average duration of its contracts is around six years, and the size of the b Show less Read more
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