SoundHound AI Sees FY24 Revenue $65M-$77M vs $69.49M Est.
Portfolio Pulse from Benzinga Newsdesk
SoundHound AI projects its fiscal year 2024 revenue to be in the range of $65 million to $77 million, compared to the estimated $69.49 million by analysts.
May 09, 2024 | 8:31 pm
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POSITIVE IMPACT
SoundHound AI's projected FY24 revenue range of $65M-$77M surpasses analyst expectations of $69.49M, indicating potential growth.
The projection of SoundHound AI's fiscal year 2024 revenue to be potentially higher than analyst estimates suggests a positive outlook for the company's financial performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100