SoundHound AI ($SOUN), a company specializing in voice AI technologies, reported a record quarter with an 80% revenue growth in Q4, reaching $17.1 million. This growth was accompanied by an 80% improvement in adjusted EBITDA year-over-year. Despite this, the company experienced a significant stock rally cooling after its earnings were released, with shares slumping as much as 25% following a disappointing quarter that tempered the rally. The company had seen a 600% increase in its stock price over the month leading up to the earnings announcement. However, it was noted that the Q3 revenue growth of 19% included a one-time revenue recognition from a contract modification with a Korean customer, likely Hyundai, which, if excluded, would have seen a revenue decline of 29% year-over-year in Q3. Speculations arose whether Nvidia might be a customer, amid the earnings miss that led to a sharp decline in SoundHound AI's stock, with a 20.6% drop in pre-market trading.
SoundHound AI shares fall as disappointing results temper rally https://t.co/hv8gQMjoil https://t.co/yJHIIag7kk
$SOUN analyst with PT raises today should be ashamed of this dumpster fire! Going concern and diluted the fuck outta the stock!! No complaints though from me. I covered all early this morning. Congrats to all https://t.co/vc2svy0zzq
$SOUN (-20.6% pre) SoundHound AI shares tumble following Q4 miss https://t.co/dfI0jaeQ0m
⚠️ SOUNDHOUND AI SHARES FALL AS DISAPPOINTING RESULTS TEMPER RALLY (Reuters) Shares of SoundHound AI Inc slumped as much as 25% on Friday after the AI voice provider posted a downbeat quarter, taking some shine off a bumper rally last month fueled by surging interest in… https://t.co/bMR4O0dxlz
$SOUN really nice job today @TomKellyLV @JaxGuy17
$SOUN according to my math at least 40m shares added to the float over last 2 months!! Almost 257m o/s Just sharing the facts and we shall see asap.
$SOUN Dan Ives just licked the nuts of the CEO 😂 He throws the biggest softball on earth 🤦♂️💀
SoundHound’s monster stock rally cools after earnings https://t.co/xaSqk9xpal
SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4 https://t.co/rAGFde1ZOE https://t.co/60vQaTqo0y
Double miss for $SOUN. Bad news $nnox $smci
SoundHound Misses on Earnings, but Growth Accelerates. Is Nvidia a Customer? https://t.co/bJyBbZ1Pq1
$SOUN SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4
Want to learn more about SoundHound AI's business? You can listen in to our Q4 2023 earnings call at 2pm PT today 🗓 by clicking the link below. https://t.co/3Zpk9VLesP https://t.co/BPldYyrnln
$SOUN Up 600% for the month https://t.co/oiyzO1uU13
$SOUN has been on quite the tear lately but has anybody actually looked at this thing closely? They grew revenue 19% y/y in Q323, but that included a 1x rev recc from a contract modification with a Korean customer (Hyundai probably). Absent this, revenue was down -29% y/y in Q3 https://t.co/0O2pwcMDiV