Gross Margin DeclineGross margin of 48.6% was down sequentially from 63.0%, and down from 72.9% a year ago due to lower margin businesses associated with recent M&A.
Risk FactorsRisks include dilution risk if the company raises additional capital, high levels of industry competition, technology and execution risks, customer concentration risk, and intellectual property risks.
Stock PerformanceSOUN shares have come under pressure in recent days, down 29% year to date versus a 2.2% decline in the Russell 2000 Index.