SOUN Earnings Prediction
The chart below shows how SOUN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SOUN sees a +13.20% change in stock price 10 days leading up to the earnings, and a -2.02% change 10 days following the report. On the earnings day itself, the stock moves by +1.66%. This data can give you a slight idea of what to expect for the next quarter's release.
SOUN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.09M
89.13%
86.41%
Gross Margin
39.12%
-46.37%
-33.00%
Operating Margin
-139.97%
27.81%
-18.31%
Net Margin
-86.68%
-43.06%
-68.73%
EPS
-0.06
-33.33%
-45.45%
No Data Available
SOUN Earnings Analysis
SoundHound AI, Inc. Class A Common Stock Corporation (SOUN.O) Earnings Conference Call
Positive
Significant Revenue Surge: Revenue increased by 89% year-over-year, reaching $25.1 million in Q3.
Record Quarterly Revenue: Achieved over $25 million in revenue for the first time ever in a quarter.
Strong Demand Drives Revenue Growth: The company saw strong demand across all business segments, contributing to significant revenue growth.
R&D Expense Surge: R&D expenses increased by 53% year-over-year, reflecting a commitment to innovation and product development.
AI Customer Service Expansion: The company is expanding its AI customer service offerings into hundreds of brands, indicating strong market demand.
Negative
Revenue Surge, Operating Loss: Q3 revenue increased 89% year over year, but the operating loss for Q3 was $33.8 million.
Gross Margin Decline: Gross margin was 49%, down year-over-year due to the impact of the business mix from recent acquisitions.
R&D Expense Surge: R&D expenses were $19.5 million in Q3, reflecting a 53% year-over-year increase, primarily driven by acquisitions.
G&A Expense Surge: G&A expenses were $17 million in Q3, an increase of 146% year-over-year, primarily due to acquisitions.
Quarterly Net Loss Report: Net loss was $21.8 million in the quarter, with GAAP net loss per share in Q3 at $0.06.
SOUN FAQs
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SOUN Earning Call Sentiment
SoundHound AI, Inc. (SOUN) Q3 2024 Earnings Call Transcript
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SOUN.O
0.99%Positive
The earnings call summary presents mixed signals: strong revenue growth but declining gross margins and significant operating losses. The Q&A reveals uncertainties in business strategy and unclear guidance on key business components. The announcement of a new equity program may dilute shares, negatively impacting stock price. Given these factors and the market cap, a negative stock price movement of -2% to -8% is expected over the next two weeks.
