"It's been a breakout year for SoundHound AI (NASDAQ: SOUN). After tripling revenue and expanding across restaurants, cars, and enterprise clients, the voice-AI specialist now faces the task of turning growth into sustained profitability. The company will report third-quarter fiscal 2025 results after the close, and investors will be watching whether management's operational discipline can keep pace with its narrative momentum."
"In the second quarter, SoundHound delivered $42.7 million in revenue, up 217 % year-over-year, and posted non-GAAP EPS of -$0.03, beating the Street's -$0.05 consensus. The company ended Q2 with $230 million in cash and no debt, raised full-year revenue guidance to $160 million - $178 million, and reaffirmed its goal of achieving adjusted EBITDA profitability by the end of 2025."
SoundHound AI tripled revenue year-over-year and expanded deployments across restaurants, cars, and enterprise clients, making 2024 a breakout year. In Q2, revenue reached $42.7 million, up 217 % year-over-year, with non-GAAP EPS of -$0.03 versus a -$0.05 consensus. The company held $230 million in cash, no debt, and raised full-year revenue guidance to $160 million - $178 million while reaffirming a target of adjusted EBITDA profitability by the end of 2025. Management reports active pilots for an imminent Voice Commerce network with major auto OEMs and national restaurant partners. Fifteen large enterprise clients are migrating to Amelia 7 with net-revenue-retention above 120%. The restaurant network spans over 14,000 locations, with roughly 1,000 additions in Q2 and ongoing drive-thru conversion activity.
Read at 24/7 Wall St.
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