SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The company's share price was down 18.7% as of 12:15 p.m. ET. SoundHound AI published third-quarter results after the market closed yesterday, delivering sales and earnings for the period that actually came in significantly better than anticipated. The company posted a non-GAAP (adjusted) loss of $0.04 per share on sales of $25.09 million in the period, beating the average Wall Street call for a per-share loss of $0.07 on revenue of $23.03 million. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Sales were up roughly 89% year over year in the quarter, and margins improved on some fronts. Despite the performance beats, the stock is seeing big sell-offs today. In addition to strong sales and earnings beats in Q3, SoundHound also raised its performance targets for this year and next year. SoundHound now expects sales to come in between $82 million and $85 million -- improving from its previous call for revenue of more th
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SOUN
News
- 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
- SoundHound's Conversational AI Agents Drive Nearly 20% Productivity Increase at Apivia Courtage Contact Centers [Yahoo! Finance]Yahoo! Finance
- SoundHound’s Conversational AI Agents Drive Nearly 20% Productivity Increase at Apivia Courtage Contact CentersBusiness Wire
- Is SoundHound AI Stock's 14.43X P/S Still Worth It: Buy, Sell or Hold? [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 11/12/24 - Beat
SOUN
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- SOUN's page on the SEC website