Can SOUN Q3 Earnings Beat and FY24 View Push the Stock Higher? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The figure beat the Zacks Consensus Estimate by 25%. Revenues increased 89% year over year to $25.1 million, beating the Zacks Consensus Estimate by 5.96%. This growth was driven by the expansion of its Generative AI solutions and strong demand across various industries, particularly in automotive and restaurants. In the third quarter of 2024, SOUN completed the acquisition of Amelia, an enterprise conversational AI leader, significantly expanding its reach into new verticals such as finance, insurance and healthcare. The company also improved customer concentration, with only 12% of revenue was attributed to the largest customer, down from 72% in the previous year, reflecting a more diversified customer base. SoundHound AI, Inc. price-consensus-eps-surprise-chart | SoundHound AI, Inc. Quote SOUN raised its 2024 and 2025 guidance following the robust third-quarter performance, which bodes well for investors. SOUN shares have appreciated 256.6% year to date, outperforming the
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SOUN
News
- Analyst Says This “Most Undervalued” AI Stock Can Reach a $1 Trillion Valuation [Yahoo! Finance]Yahoo! Finance
- 3 Top Tech Stocks That Could Make You a Millionaire [Yahoo! Finance]Yahoo! Finance
- Nvidia Has $71 Million Invested in These Smaller-Cap AI Stocks [Yahoo! Finance]Yahoo! Finance
- Why SoundHound AI Stock Was Racing Higher on Thursday [Yahoo! Finance]Yahoo! Finance
- Is This a Sign That SoundHound AI Is Becoming a Safer Stock to Buy? [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 11/12/24 - Beat
SOUN
Sec Filings
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- 11/12/24 - Form 10-Q
- SOUN's page on the SEC website