Latest news with #SYNQ3
Yahoo
2 days ago
- Business
- Yahoo
SOUN Q1 Earnings Call: Product Integration and Industry Diversification Support Growth Amid Revenue Miss
Voice AI recognition company SoundHound (NASDAQ:SOUN) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 151% year on year to $29.13 million. Its non-GAAP loss of $0.06 per share was in line with analysts' consensus estimates. Is now the time to buy SOUN? Find out in our full research report (it's free). Revenue: $29.13 million vs analyst estimates of $30.46 million (151% year-on-year growth, 4.4% miss) Adjusted EPS: -$0.06 vs analyst estimates of -$0.06 (in line Billings: $32.8 million at quarter end, up 225% year on year Market Capitalization: $4.03 billion SoundHound's first quarter results were shaped by the company's continued push into diversified end markets and integration of recent acquisitions. Management highlighted robust expansion in enterprise verticals, particularly through the adoption of its Polaris multilingual AI model and the integration of SYNQ3, Allset, and Amelia. CEO Keyvan Mohajer pointed to progress in restaurant and automotive deployments, noting that the company achieved a new milestone by activating more than 1,000 new restaurant locations in a single quarter. The company also emphasized traction in customer service, hospitality, healthcare, and financial services. CFO Nitesh Sharan explained that this broader customer base has helped reduce concentration risk, with no single customer contributing more than 10% of revenue this quarter. Both executives attributed the growth in customer activity and product adoption to differentiated AI performance, as well as the company's ability to offer solutions across industries. Looking ahead, management reaffirmed its outlook for the year and expects continued momentum from the expansion of voice commerce offerings and the launch of the Amelia 7.0 agentic AI platform. Sharan stated, 'We remain committed to our path to profitability and have activated several cost actions to ensure we remain disciplined.' Mohajer described rising enterprise interest in voice commerce and agentic AI, citing active pilots with major automakers and new partnerships in energy and hospitality. The company believes that its technology's ability to drive both automation and incremental revenue for customers positions it well regardless of macroeconomic conditions. Management also anticipates improvements in gross margin over the medium term as acquired contracts are optimized. The team is focused on expanding the reach of its solutions while maintaining discipline on costs and integration. Management attributed the quarter's performance to expanded product adoption, successful integration of recent acquisitions, and increased enterprise demand for voice AI solutions. Acquisition-driven portfolio expansion: SoundHound's integration of SYNQ3, Allset, and Amelia enabled it to deliver new capabilities and cross-sell opportunities, particularly in restaurants and enterprise verticals. Early results showed upgraded locations and new merchant connections, with the Polaris model deployed across much of the acquired footprint. Voice commerce ecosystem growth: The company advanced its voice commerce platform, connecting automotive OEMs, restaurants, and new service partners. Multiple pilots with automakers and over 15 large restaurant chains have joined the network, allowing drivers to place food orders or book services by voice, which management sees as a unique entry point for future transaction-based revenue. Broad-based sector traction: Beyond automotive and restaurants, SoundHound reported contract wins and renewals in financial services, healthcare, energy, retail, telecommunications, and hospitality. The company's product set is being adopted by major brands across these industries, indicating a shift from heavy reliance on any single vertical. Technology differentiation in AI performance: Management emphasized that the Polaris foundation model offers lower latency, higher accuracy, and broader language support than peers, supporting adoption in noisy environments and international use cases. This technical advantage is seen as a competitive moat as more enterprises seek advanced conversational AI. Active customer engagement and scaling: The company cited a significant increase in active users and transactional volume, particularly in the restaurant segment, where locations using SoundHound's ordering solutions have grown to nearly 13,000. Improved automation rates and reduced resolution times were highlighted as signs of operational scaling. SoundHound expects continued revenue growth to be driven by expanding voice commerce, new AI platform releases, and ongoing improvements in product mix and efficiency. Expansion of voice commerce platform: Management believes that increasing adoption by OEMs and restaurants will create new revenue streams as drivers and consumers transact through integrated voice AI systems. This flywheel effect is expected to support both subscription and royalty-based revenue growth. Agentic AI and enterprise deployments: The rollout of Amelia 7.0 and its agentic AI capabilities are anticipated to accelerate customer deployments, expand use cases, and improve customer retention. Management expects these solutions to shorten implementation cycles and increase net revenue retention over time. Margin improvement and contract optimization: The company is focused on raising gross margins by optimizing or exiting lower-margin contracts acquired through M&A. Management expects sequential improvement in adjusted EBITDA and gross margin, with a target of returning to pre-acquisition margin profiles over the next 18–24 months. In the quarters ahead, the StockStory team will be monitoring (1) the pace of new customer wins and deployments in automotive and restaurant verticals, (2) progress in optimizing gross margins as acquired contract terms evolve, and (3) scaling of the voice commerce ecosystem, particularly as new OEM and enterprise partners are onboarded. The success of Amelia 7.0 and agentic AI adoption will also be closely tracked as a signpost for broader enterprise traction. SoundHound AI currently trades at a forward price-to-sales ratio of 25.2×. In the wake of earnings, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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Business Wire
27-05-2025
- Business
- Business Wire
SOUN Deadline Today: Rosen Law Firm Urges SoundHound AI, Inc. (NASDAQ: SOUN) Stockholders With Large Losses to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of SoundHound AI, Inc. securities (NASDAQ: SOUN, SOUNW) between May 10, 2024 and March 3, 2025, both dates inclusive (the 'Class Period'). According to the lawsuit, 'SoundHound provides an independent voice artificial intelligence ('AI') platform that purportedly enables businesses across industries to deliver high-quality conversational experiences to their customers.' For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) Misled Investors Regarding its Business Operations. According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired SoundHound's ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (4) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that SoundHound would be unable to timely file certain financial reports with the SEC; and (6) as a result, SoundHound's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against SoundHound AI, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by May 27, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.
Business Wire
22-05-2025
- Business
- Business Wire
Deadline Soon: SoundHound AI, Inc. (SOUN) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz reminds investors of the upcoming May 27, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired SoundHound AI, Inc. ('SoundHound' or the 'Company') (NASDAQ: SOUN) securities between , inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO LOST MONEY ON SOUNDHOUND AI, INC. (SOUN), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT. What Happened? On March 4, 2025, SoundHound disclosed that it would be unable to timely file its 2024 financial report due to 'the complexity of accounting for' the Company's previously disclosed acquisitions of Synq3, Inc. and Amelia Holdings, Inc. Additionally, the Company stated that its previously-disclosed 'material weaknesses in its internal control over financial reporting . . . continue to exist as of December 31, 2024.' On this news, SoundHound's stock price fell $0.61, or 5.9%, to close at $9.72 per share on March 4, 2025, thereby injuring investors. Then, on March 11, 2025, SoundHound released its 2024 financial report, revealing that, as of December 31, 2024, '[t]he Company did not design and maintain effective controls related to the identification of and accounting for certain non-routine, unusual or complex transactions, including the accounting for complex financing transactions and acquisitions.' Additionally, the Company disclosed that it had 'recorded adjustments to correct certain errors in the preliminary purchase price allocation that existed as of [August 6, 2024 (the 'Amelia Acquisition Date')],' which 'decreased the contingent earnout consideration by $5.3 million, decreased the accounts payable by $3.7 million, decreased the accrued liabilities by $1.2 million, increased deferred revenue by $0.3 million and increased the deferred tax liabilities by $0.7 million.' What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions; (2) the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (4) SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the SEC; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired SoundHound securities between May 10, 2024 and March 3, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is May 27, 2025. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Email us at: info@ Call us at: 310-914-5007 Visit our website at Follow us for updates on Twitter: If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Upturn
12-05-2025
- Business
- Business Upturn
SOUN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that SoundHound AI, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK, May 11, 2025 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against SoundHound AI, Inc. ('SoundHound' or 'the Company') (NASDAQ: SOUN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired SoundHound securities between May 10, 2024 and March 3, 2025, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: Case Details The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions; (2) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (4) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the United States Securities and Exchange Commission ('SEC'); and (6) as a result, the Company's public statements were materially false and misleading at all relevant times. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: . or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 . If you suffered a loss in SoundHound you have until May 27, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn , X , Facebook , or Instagram . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Nathan Miller 332-239-2660 | [email protected]
Associated Press
04-05-2025
- Business
- Associated Press
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages SoundHound AI, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SOUN, SOUNW
New York, New York--(Newsfile Corp. - May 4, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SoundHound AI, Inc. (NASDAQ: SOUN) (NASDAQ: SOUNW) between May 10, 2024 and March 3, 2025, both dates inclusive (the 'Class Period'), of the important May 27, 2025 lead plaintiff deadline. SO WHAT: If you purchased SoundHound securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the SoundHound class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 27, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired SoundHound's ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (4) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that SoundHound would be unable to timely file certain financial reports with the SEC; and (6) as a result, SoundHound's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the SoundHound class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit
