Latest news with #SoundHoundAI
Yahoo
an hour ago
- Business
- Yahoo
SoundHound AI (SOUN) Unveils Vision AI As Sales Soar US$71 Million
SoundHound AI recently advanced its technological arsenal with the launch of Vision AI, which integrates visual understanding with its voice-first platform, and reported improved earnings with sales growing over the year. The company's optimistic earnings outlook came alongside a significant 19% share price increase last quarter. This move occurred as the broader market, represented by tech-focused indexes like Nasdaq, also experienced gains, reaching new highs. While some of SoundHound's developments added weight to broader market moves, factors like company growth in sales and enhanced business strategies played a role without countering market trends. We've identified 3 warning signs with SoundHound AI and understanding the impact should be part of your investment process. Find companies with promising cash flow potential yet trading below their fair value. The launch of Vision AI by SoundHound AI is enhancing its voice-first platform, aiming to integrate visual understanding and expand its technological reach. This development, viewed in conjunction with the company's growth in sales and improved earnings, reinforces its strategic positioning in the voice AI market. Over the past three years, SoundHound's total shareholder returns surged a very large 200.28%, illustrating significant gains. This longer-term performance contrasts with the past year, where SoundHound's return outpaced both the broader US market and the US Software industry, which had returns of 19.9% and 34.7% respectively. The introduction of Vision AI is expected to bolster SoundHound's revenue and earnings forecasts by creating additional revenue streams, especially within the emerging voice commerce sector. The company plans to strengthen its competitive advantage and revenue growth through diversified customer bases and increased royalties. However, the current share price remains close to the analyst consensus price target of US$11.81, suggesting limited anticipated upside based on perceived fair value. Investors might interpret this narrow gap as alignment with market expectations for near-term performance but should continuously reassess based on evolving market conditions and company developments. Take a closer look at SoundHound AI's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SOUN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
8 hours ago
- Business
- Yahoo
SoundHound Soars 25% After Q2 Beat and Bullish Outlook Upgrade
Aug 8 - SoundHound AI (NASDAQ:SOUN) stock soared nearly 25% on Friday morning after the voice AI company beat Q2 expectations and raised its full-year guidance. Warning! GuruFocus has detected 5 Warning Signs with SOUN. The strong report drew mostly bullish commentary from analysts, giving investors fresh confidence in the company's growth trajectory. Management also lifted its outlook for the remainder of 2025, signaling stronger-than-anticipated demand for its conversational AI platform across automotive, enterprise, and hospitality markets. On the flip side, the company significantly ramped up spending, with research costs climbing 64% and marketing expenses soaring 180% compared to last year. Wedbush responded positively, reaffirming its "Outperform" rating on SOUN and raising its price target, citing improved fundamentals and a stronger pipeline. The stock has had a volatile year but remains a favourite among retail and growth-focused investors betting on the long-term potential of voice AI. As that analyst sentiment swings to positive territory and forward guidance grows, SoundHound might be up for more gains--at least in its potential sustained achievement so long as its coming quarters continue to demonstrate scalability and customer adoption trends. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
9 hours ago
- Business
- Yahoo
SoundHound AI CEO says 'blowout quarter' is just the beginning as stock surges
Business is booming for SoundHound AI (SOUN). "Every business unit delivered success," SoundHound AI CEO Keyvan Mohajer said on Yahoo Finance's Market Catalysts. The voice AI company is expanding across industries from restaurants to enterprises. Its stock rocketed nearly 30% following an impressive earnings report that boasted a 217% year over year jump in revenue. The company reported a loss of $0.19 per share on $43 million of revenue. Mohajer attributed the company's "blowout quarter" to growth that's fueled by new deals and cross-selling across sectors. It raised its guidance for fiscal 2025, forecasting revenue between $160 million and $178 million. The 20-year-old company has also made significant strides in the voice commerce space, particularly with agentic AI. Agentic AI refers to systems that can handle complex tasks and make decisions independently, much like a human, and it's a key technology SoundHound says sets it apart. "Imagine you're driving home from work ... what if you could find a restaurant that your family likes and place an order for dinner by talking to the car, maybe [book] healthcare or salon appointments ... SoundHound is doing that," Mohajer explained, adding the company is working with prominent auto players in Europe and North America. Restaurants can also use SoundHound to take orders using its voice assistant technology, which reduces costs while boosting speed. Its stock has gained over 160% in the past 12 months, though it's down 32% year to date. "SoundHound continues to win large new logos including major OEMs and restaurants resulting in rapid growth in its pipeline," D.A. Davidson Gil Luria wrote in a note. Its expanding customer base include new partnerships with Red Lobster, Dine Brands (DIN) owned IHOP, and Chipotle (CMG). As more chains embrace automation, SoundHound is poised to grow. The company is active in 14,000 restaurant locations, up from 13,000, Luria wrote. Luria raised his price target to $15 from $10.72, due to the company's "impressive progress" and increasing market share in a "massive and underpenetrated" market. SoundHound is capturing significant share in AI-driven customer service, he added. While SoundHound remains in growth mode, Mohajer said the company aims to achieve adjusted EBITDA profitability by the end of fiscal year 2025. SoundHound has also been on an acquisition streak. The company "explored a lot of cost synergies" after acquiring three companies last year, a move that helped it gain traction in new verticals like financial services, healthcare, and insurance, per Mohajer. "We think we've become good at it," he said. "We would be able to do it again. But it depends on finding the right targets that are great on their own." Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
- Yahoo
SoundHound AI CEO says 'blowout quarter' is just the beginning as stock surges
Business is booming for SoundHound AI (SOUN). "Every business unit delivered success," SoundHound AI CEO Keyvan Mohajer said on Yahoo Finance's Market Catalysts. The voice AI company is expanding across industries from restaurants to enterprises. Its stock rocketed nearly 30% following an impressive earnings report that boasted a 217% year over year jump in revenue. The company reported a loss of $0.19 per share on $43 million of revenue. Mohajer attributed the company's "blowout quarter" to growth that's fueled by new deals and cross-selling across sectors. It raised its guidance for fiscal 2025, forecasting revenue between $160 million and $178 million. The 20-year-old company has also made significant strides in the voice commerce space, particularly with agentic AI. Agentic AI refers to systems that can handle complex tasks and make decisions independently, much like a human, and it's a key technology SoundHound says sets it apart. "Imagine you're driving home from work ... what if you could find a restaurant that your family likes and place an order for dinner by talking to the car, maybe [book] healthcare or salon appointments ... SoundHound is doing that," Mohajer explained, adding the company is working with prominent auto players in Europe and North America. Restaurants can also use SoundHound to take orders using its voice assistant technology, which reduces costs while boosting speed. Its stock has gained over 160% in the past 12 months, though it's down 32% year to date. "SoundHound continues to win large new logos including major OEMs and restaurants resulting in rapid growth in its pipeline," D.A. Davidson Gil Luria wrote in a note. Its expanding customer base include new partnerships with Red Lobster, Dine Brands (DIN) owned IHOP, and Chipotle (CMG). As more chains embrace automation, SoundHound is poised to grow. The company is active in 14,000 restaurant locations, up from 13,000, Luria wrote. Luria raised his price target to $15 from $10.72, due to the company's "impressive progress" and increasing market share in a "massive and underpenetrated" market. SoundHound is capturing significant share in AI-driven customer service, he added. While SoundHound remains in growth mode, Mohajer said the company aims to achieve adjusted EBITDA profitability by the end of fiscal year 2025. SoundHound has also been on an acquisition streak. The company "explored a lot of cost synergies" after acquiring three companies last year, a move that helped it gain traction in new verticals like financial services, healthcare, and insurance, per Mohajer. "We think we've become good at it," he said. "We would be able to do it again. But it depends on finding the right targets that are great on their own." Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Sign in to access your portfolio
Yahoo
10 hours ago
- Automotive
- Yahoo
SoundHound AI CEO talks Q2 beat as stock skyrockets
SoundHound AI (SOUN) stock is skyrocketing after the company reported stronger-than-expected second quarter results and lifted its full-year outlook. SoundHound AI co-founder and CEO Keyvan Mohajer sits down with Yahoo Finance's Julie Hyman to discuss the earnings print, what's next for the artificial intelligence (AI) company, the journey to profitability, and more. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. Joining me now is Keyvon Mohajer who is Soundhound AI Co-founder and CEO. It's good to see you. Thanks for coming in studio. Thanks for having me. So you guys saw revenue that more than tripled in the quarter and you have three main business lines, you've got autos, you've got enterprise, you've got restaurants. Where was that demand coming from? It actually came from all of those. So it was our as a blowout quarter stronger strongest record quarter on record. Every business unit delivered success. We had growth in AI for automotive, AI for restaurants and AI for enterprises. We closed new deals, we had cross-sells across these these units, which was amazing. We also made a lot of progress with our voice commerce, which is something we demonstrated earlier this year. How does the voice commerce work? So it's a great example of agentive AI. So everybody talks about agentive AI as a vision of the future, but Soundhound is actually bringing that to life at scale because of our reach and technology. So imagine, you're driving home from work, uh, historically you've had limited use cases of your AI in the car, maybe navigation or setting a, um, setting the fan speed. What if you could do more? What if you could find the restaurant that your family likes and placing an order, uh, for dinner by talking to the car and maybe you make you book some appointments for the next few days, maybe health healthcare appointments or salons, uh, or the groceries, uh, and Soundhound is doing that. Uh, we are working with, um, prominent, uh, auto OEMs, auto makers in Europe, in North America. Uh, we have participation from restaurants and merchants with national and global coverage. That's going really well and everyone is rushing to be a part of it. So can I buy a car now that has this product or this is something that is in development that would come to a car when? Uh, so you could buy a car that is powered by Soundhound, so we are in millions of cars, uh, that's pillar one of our business. Uh, and we are now running pilots with several OEMs, car OEMs. Some that are using us now, some that are not using us, but they are going to use us. So it's in the new near future. Um, one of the reasons I like talking to Keyvon is I think that the whole idea of Gen AI, agentive AI is very conceptual in some cases and I like talking to you because it sort of makes it more real in a way. So, I want to ask you about another example. Um, you have a lot of restaurant deals as we've talked about before. A couple, um, newer ones I think you signed, IHOp for example, Red Lobster for example. Um, how if I'm a customer, how do I interact with your AI at these establishments? Yeah, so we are Omni channel. So, uh, in in some cases, uh, the channel, the more primary channel for for those, uh, restaurants is phone. So you call them and you can place an order. A lot of times when you call the restaurant, they don't pick up the phone or if they do, somebody's very distracted and busy and noisy environment. So all of that is going to go away. You always get somebody to pick up the phone with patience and you can talk to them at any speed that you want and you can place an order. Sometimes their channel is drive-through. Uh, so we power the drive through with AI. So, and we can, uh, our solution increases the revenue and decreases decreases cost. So restaurants now need us more than ever, uh, because we help them in both top line and bottom line, uh, reduce cost. Uh, that's obvious, but we upsell, AI always upsells and the throughput goes up. We can take orders faster, we can take orders parallel, uh, multiple lanes and so on. Uh, so that increases the revenue. Can the people keep up with the increased orders? You know, we actually have had cases where they had to turn it off because they couldn't keep up. Wow. That is really interesting. I guess that's a unless you're expanding into, you know, burger flipping machines, I guess that's another another issue. Um, um, you guys rolled out your new agentive platform called Amelia 7. So how is this being deployed and kind of what makes it different? So it's the agentive version of even call it agentive Plus, uh, agentive version for AI for enterprises. Another example of agentive that that I can explain. Uh, so in customer service traditionally, um, when you called and got AI, the AI handle very simple cases, maybe answer question or just figured out what you want. And then for more complicated things, you got escalated to human. Now, AI can do more complex things. So for example, if you, um, uh, for troubleshooting, uh, you know, uh, the agentive is perfect or for healthcare appointments, let's say, you want to book an appointment for yourself and for your child, maybe at the same, not at the same time, but on the same day, different different doctors, um, and that's a very complicated criteria. Right. Yeah, and that used to, you know, be escalated to humans, but now agentive can handle that. Interesting. Yes. I too, I've definitely had that experience. Do you guys use your own LLM for all of this or is it powered by a different one? Uh, so that's one of the great things about Soundhound is that we have our own foundation models, but we also utilize, uh, third-party models. And we were very, we are very fast to adopt when innovation happens outside of four walls. Uh, and you know, like when two years ago, OpenAI opened their API, we saw it as an opportunity because, you know, we thought Google, Amazon, Apple, they're not going to sign up for an open AI right away, but we can. And that made our products better. Uh, but Soundhound also has its own models called Polaris and for what it does, it beats our competitors by a large margin. So for example, we beat the closest competitor by 35% in accuracy, by four times in latency, all of that at a lower cost. Interesting. Okay. Finally, I want to ask you about profitability, okay? Because obviously you guys are in growth mode. Um, I believe that analysts are looking for a positive EBITDA next quarter, but kind of what does that journey look like? When are you going to sort of turn your focus to, um, from growth to that profitability question? Yeah, it's a constant, constant conversation because the opportunities are, um, limitless in front of us. And I think we are at an inflection point for enterprise adoption of AI. It used to be, you know, POC budgets or innovation budgets, but now it's a mandate from their IT budget. And they need a partner like Soundhound. So investing in growth is very important for us, but we also want to be, uh, as close to profitability so that we can decide when we want to be get there. At the moment, we are guiding that we will exit the year on adjusted EBITDA positive basis. Right. Um, and then, um, you guys have been very acquisitive in order to grow in part as well. Are you on kind of slowing that down or are you still full steam ahead with making more acquisitions? We, we bought three companies last year and those have gone amazing. Uh, we, we think we have demonstrated a repeatable formula for success. So first we bought companies that were amazing on their own. They had great solutions, great teams, amazing customer base. And then we gave them what they needed to thrive. We replaced their legacy tech dependencies with Soundhound's own models that improved the quality of the user experience while lowering their expenses. We explored a lot of cost synergies. We did cloud migration, revenue synergies, upsells, cross sales, which we showed up in our financials. I mean our financials speak for themselves. And all of that happened in 12 to 18 months. So we think we've become good at it and we, uh, would be able to do it again, but it does depend on finding the right targets that are great on their own. Right. Where do you think you would want to add to? Uh, so our our future doesn't depend on it. So we have the scale that we need now. Uh, but it's all about accelerating, um, uh, our market share and going into new verticals. So we went to, uh, with the last acquisition we had, now we are in the top, seven of the top 10 financial institutions. We are in healthcare, we are in insurance, we're in military, um, and, uh, more of that would be welcome by us. Related Videos S&P 500 has a concentration problem: Why ETFs can't keep up Trade Desk nosedives, Twilio weak outlook, FuboTV revenue beat Serve Robotics CEO: Drones are 'complementary,' not competitive Gold hits new high, altcoins stocks rally, Tempus AI Q2 beat Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
