Why SoundHound AI Stock Is Down Today [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The artificial intelligence (AI) expert beat the Street's expectations across the board, but the stock was still down by 19.1% at noon ET. The earnings surprise wasn't big enough to support an artificial price increase based on social media posts and classic meme-stock price-pumping action Your average Wall Street analyst firm had expected SoundHound AI to report a net loss of $0.07 per share on top-line revenues near $23 million. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The company easily cleared both hurdles. Sales jumped 89% year over year to $25.1 million, while adjusted net losses shrank from $0.09 to $0.04 per share. The all-important backlog of order bookings and cumulative subscriptions wasn't included in the earnings report. The recent acquisition of enterprise AI software maker Amelia adds plenty of value to this data point, and SoundHound AI's management will include the consolidated backlog metric i
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SOUN
News
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SOUN
Earnings
- 11/12/24 - Beat
SOUN
Sec Filings
- 2/5/25 - Form EFFECT
- 1/31/25 - Form SCHEDULE
- 1/28/25 - Form S-3
- SOUN's page on the SEC website