Streetbeat News

SOUN

SoundHound AI, Inc.

https://www.soundhound.com

Industry

Software - Application

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.

Open

6.71

Mkt cap

2.5B

Volume

18M

High

6.90

P/E Ratio

-18.00

52-wk high

10.25

Low

6.38

Div yield

N/A

52-wk low

1.61

Several IT stocks experienced significant movement in Tuesday's after-market session. SoundHound AI, Rapid7, Vuzix, LivePerson, Twilio, and Castellum saw their stocks rise, with Q2 earnings reports being a common factor. Conversely, Veritone, Super Micro Computer, Airspan Networks Hldgs, SoundThinking, Diodes, and Microvision saw their stocks fall, with Q2 earnings also being a common factor.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 9:32 pm

SoundHound AI Inc (NASDAQ:SOUN) reported Q2 financial results with revenues of $8.8 million, beating estimates of $8.06 million, and an EPS loss of 10 cents, better than the estimated loss of 11 cents. The company's revenues were up 42% YoY and it ended the quarter with approximately $130 million in cash. SoundHound expects full-year 2023 revenue in the range of $43 million to $50 million. The company's shares were up 18.1% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 9:22 pm

SoundHound AI (NASDAQ:SOUN) reported Q2 EPS of $(0.10), beating the analyst consensus estimate of $(0.11) by 9.09%. This is a 47.37% increase over losses from the same period last year. The company also reported quarterly sales of $8.75M, beating the analyst consensus estimate of $8.06M by 8.57%. This is a 42.25% increase over sales from the same period last year.

Portfolio Pulse from sunil@benzinga.com

August 08, 2023 | 9:10 pm

SoundHound AI, Inc. (NASDAQ:SOUN) and White Castle have announced an expansion of their partnership to deliver a voice AI-enabled drive-thru experience to restaurant customers across multiple locations nationwide. The plan is to roll out SoundHound's voice AI drive-thru service to over 100 lanes by the end of 2024. The technology is based on complete end-to-end AI, and is not a human-assisted system. An upcoming study by SoundHound reveals that over 60% of customers are already comfortable using an automated voice assistant at a drive-thru.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

Benzinga's options activity scanner has identified significant trading activity in the options of ten information technology stocks. The stocks are NVDA, MU, AMD, MSFT, SOUN, AAPL, IBM, LRCX, ARW, and SIMO. The options activity includes both call and put options, with varying sentiments from bearish to bullish and neutral.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 5:35 pm

Culper Research has released a report criticizing SoundHound AI, Inc. (SOUN), accusing the company of misleading investors about its AI technology and contract backlog. The report claims that SOUN's technology does not work as advertised, and that its $336M contract backlog is overstated. Culper Research is short on SOUN.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 5:34 pm

Culper Research has announced that they are short on SoundHound AI, Inc. (SOUN). They have made their full report available on their website.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 5:32 pm

The article reports on the performance of various Information Technology stocks in Thursday's pre-market session. Casa Systems, Rubicon Technologies, STMicroelectronics, SoundHound AI, Pagaya Techs, and Credo Technology Group saw their shares rise, while Inpixon, Silicon Motion Technology, Impinj, MaxLinear, Perficient, and MagnaChip Semiconductor experienced a decline in their stock prices.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 1:05 pm

SoundHound AI, Inc. (NASDAQ:SOUN) shares traded lower after the company filed for a mixed shelf offering of up to $400 million. The filing will allow the company to access capital efficiently if needed over the next few years. SoundHound also announced its Q2 2023 financial results will be reported on Aug. 8. Shares of SOUN closed Tuesday down 20.2% at $2.33.

Portfolio Pulse from Ryan Gustafson

July 25, 2023 | 8:58 pm

During Tuesday's intraday session, several information technology stocks experienced significant movements. Gainers included Inpixon (INPX), Rigetti Computing (RGTI), Pagaya Techs (PGY), Applied Digital (APLD), IDEX Biometrics (IDBA), and AEye (LIDR). Losers included Rimini Street (RMNI), Ondas Holdings (ONDS), SoundHound AI (SOUN), Cemtrex (CETXP), VIA optronics (VIAO), and ICZOOM Group (IZM).

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 5:30 pm

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