Education
About Us
Working with TipRanks
Follow Us
SoundHound AI, Inc Class A (SOUN)
NASDAQ:SOUN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 7.06%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, strong presence in key markets such as automotive and healthcare, and strategic advancements with the launch of the voice commerce ecosystem. However, there were challenges with declining gross margins and increased operating expenses, resulting in an adjusted EBITDA loss. Despite these challenges, the company's strong revenue growth and strategic positioning in the AI market suggest a positive outlook.Company Guidance
During the SoundHound Fourth Quarter 2024 Earnings Conference Call, guidance was provided highlighting substantial growth metrics and future expectations. The company reported $35 million in revenue for the quarter, marking an impressive growth of over 100% year-over-year, and achieved the top-end of their full-year revenue guidance at $85 million, reflecting an 85% annual increase. SoundHound has grown its top-line at a compound annual growth rate of more than 50% over the past five years, with revenue increasing eightfold since going public less than three years ago. The call emphasized a $1.2 billion backlog in bookings, showcasing a 75% year-over-year increase, with the average contract duration being over six years. For 2025, SoundHound raised its revenue outlook to $157 million to $177 million, anticipating a less back-end loaded quarterly revenue mix compared to prior years. The company expects to achieve adjusted EBITDA profitability by the end of 2025, supported by its strong pipeline, increased SaaS-like revenue, and strategic investments across various sectors.Record Revenue Growth
SoundHound reported $35 million in revenue for Q4 2024, representing an increase of over 100% year-over-year, reaching the top-end of their revenue guidance range for the full year.
Expansion in Automotive and Healthcare
SoundHound's automotive pipeline is the strongest it's ever been, with four EV brands added, including Lucid and Togg. In healthcare, the company secured wins with Duke Health, Englewood Health, and Wellstar Health System.
Launch of Voice Commerce Ecosystem
SoundHound unveiled its voice commerce ecosystem, which integrates its voice assistant with AI customer service, already receiving interest from major automakers and national chain restaurants.
Strong Presence and Partnerships
SoundHound had a significant presence at CES, showcasing collaborations with NVIDIA, Lucid Motors, and LG, highlighting leadership in voice AI.
Significant Backlog and Financial Health
The company reported a cumulative subscriptions and bookings backlog of nearly $1.2 billion, up over 75% year-over-year, with a strong cash position of $198 million and no debt.
---
SOUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SOUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $9.21 | $10.82 | +17.48% |
| Nov 12, 2024 | $7.56 | $6.27 | -17.06% |
| Aug 08, 2024 | $5.21 | $4.87 | -6.53% |
| May 09, 2024 | $4.75 | $5.09 | +7.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does SoundHound AI, Inc Class A (SOUN) report earnings?
SoundHound AI, Inc Class A (SOUN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is SoundHound AI, Inc Class A (SOUN) earnings time?
SoundHound AI, Inc Class A (SOUN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SOUN EPS forecast?
SOUN EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
---
