Core Insights - The individual has retired after over 43 years in investment research, now operating independently to provide actionable investment insights [1] - The focus is on rules and factor-based equity investing strategies, emphasizing the use of numbers to inspire human intelligence-driven investment stories rather than solely relying on statistical studies [1] - The individual combines quantitative analysis with classic fundamental analysis to uncover the true story of companies and their stocks, aiming to predict future performance [1] Experience and Background - The individual has extensive experience covering a wide range of stocks, including large cap, small cap, micro cap, value, growth, and income [1] - Previous roles include managing a high-yield fixed-income fund and conducting research on quantitative asset allocation strategies, contributing to the development of Robo Advising [1] - The individual has authored two books on stock selection and analysis and has a passion for investor education, having conducted numerous seminars [1]

SoundHound AI (SOUN -2.74%) was one of the best-performing stocks in 2024, rising 836%. At its peak, the stock was up a jaw-dropping 1,040% -- but that was last year. Since peaking in December, SoundHound AI has sold off incredibly quickly and now sits around 60% off its all-time high. TThat's a tough pill to swallow for anyone who bought at the top, but is this a buying opportunity for those who missed the initial run-up?SoundHound AI is a global companySoundHound AI is clearly an artificial intelligence c ...

As a former SoundHound AI (NASDAQ: SOUN ) shareholder and a huge believer in this company’s long-term potential, I am still not in a rush to re-enter, even after the stock dropped from $24 per share to approximately $10. Despite the stiffI am a finance and investment enthusiast with a strong focus on fundamental analysis, valuation, and long-term growth potential, particularly in the AI, fintech, and tech sectors. My background includes academic studies in finance and economics, along with experience in equ ...

Nvidia (NVDA -0.14%) supplies the most powerful data center chips for developing artificial intelligence (AI) models. In fact, the company's valuation has soared by more than $2.2 trillion over the last two years because sales have been so strong.In late 2023, Nvidia started spreading some of its wealth by investing in a handful of smaller AI companies. One of them was SoundHound AI (SOUN -2.41%), which is a leading developer of conversational AI technologies. But when Nvidia released its latest form 13F de ...

Core Viewpoint - The Schall Law Firm is investigating claims against SoundHound AI, Inc. for potential violations of securities laws, particularly concerning misleading statements and undisclosed information [1][2]. Group 1: Investigation Details - The investigation centers on whether SoundHound issued false or misleading statements and failed to disclose critical information to investors [2]. - SoundHound filed a Notification of Late Filing on Form 12b-25 with the SEC on March 4, 2025, indicating it could not file its 10-K annual report on time due to accounting complexities [2]. - The company identified material weaknesses in its internal control over financial reporting, which persisted as of December 31, 2024 [2]. Group 2: Company Response - SoundHound expects to file its Form 10-K within the fifteen-day period allowed under Rule 12b-25, no later than March 18, 2025 [2].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving SoundHound AI, Inc. and its officers or directors [1][2] Group 1: Company Disclosure - On March 4, 2025, SoundHound announced it would not be able to file its annual report for 2024 on time due to complexities in accounting for prior acquisitions [2] - The company identified material weaknesses in its internal control over financial reporting, which contributed to the delay [2] Group 2: Market Reaction - Following the announcement, SoundHound's stock price decreased by $0.61, or 5.86%, closing at $9.72 per share on March 4, 2025 [2] Group 3: Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud and corporate misconduct [3]

Core Insights - SoundHound AI's stock experienced a notable increase, gaining 6.9% by market close and peaking at 12.2% earlier in the day, amidst a positive performance from the S&P 500 and Nasdaq Composite [1] Market Penetration - SoundHound is making significant progress in various sectors, particularly in the automotive industry, where it has replaced competitors like Nuance/Cerence and now serves over 20 automotive brands, including a key integration with OpenAI in Stellantis vehicles [2] - In the food industry, SoundHound collaborates with 7 of the top 20 quick-service restaurants and sees potential in sectors like healthcare and financial services for future growth [3] Financial Position - The company holds $200 million in cash, has no debt, and anticipates achieving positive EBITDA by year-end, indicating a strong financial position for a technology leader [4] Competitive Landscape - SoundHound operates in a highly competitive environment with the risk of new entrants and evolving product offerings from large tech companies. Despite management outlining a path to profitability, unforeseen challenges may arise [5] - Notably, Nvidia recently divested its entire stake in SoundHound, adding to the uncertainties surrounding the company [5]

Many of the biggest companies in the world right now attained their gargantuan size due to their exposure to AI. From the developers of AI applications to the suppliers of critical AI components, nearly every company related to artificial intelligence saw its valuation soar in 2024.So far this year, however, many of those valuations have taken a price cut. If you've been looking to add massive growth potential to your portfolio by investing in AI stocks, now looks like your best chance in months.This tiny A ...

Financial Performance - The consolidated revenues for the year ended December 31, 2024, were $84.7 million[434] - For the year ended December 31, 2024, revenues increased to $84.693 million, up 84.5% from $45.873 million in 2023[458] - The net loss for 2024 was $350.681 million, compared to a net loss of $88.937 million in 2023, reflecting a substantial increase in losses[458] - The company reported a net loss of $(88,937) thousand for the year ended December 31, 2023[462] - The net loss for SoundHound AI, Inc. was $350.681 million for the reporting period[466] - The net loss for the year ended December 31, 2024 was $(374.469) million, significantly higher than the $(158.339) million loss in 2023[594] Assets and Liabilities - Total assets increased to $553.953 million in 2024, up from $151.122 million in 2023, showcasing significant growth in the company's asset base[455] - The company’s total liabilities increased to $371.300 million in 2024 from $122.954 million in 2023, indicating a rise in financial obligations[455] - As of December 31, 2024, total stockholders' equity was reported at $182.653 million, with an accumulated deficit of $943.060 million[465] - The company had an accumulated deficit of $943.1 million as of December 31, 2024[482] Cash Flow and Liquidity - Cash and cash equivalents rose to $198.240 million as of December 31, 2024, compared to $95.260 million in 2023, indicating improved liquidity[455] - Total cash, cash equivalents, and restricted cash equivalents at the end of 2024 were $198.9 million, up from $109.0 million in 2023[471] - The company incurred net cash used in operating activities of $108.9 million in 2024, compared to $68.3 million in 2023[469] - The company had net cash provided by financing activities of $210.9 million in 2024, compared to $168.2 million in 2023[469] Acquisitions - The Company completed the acquisition of Amelia Holdings, Inc. for total consideration of $98.6 million, with $98.9 million of developed technology and $68.6 million of customer relationships recorded as intangible assets[439] - The company completed the acquisition of Synq3, Inc. on January 3, 2024, and Amelia Holdings, Inc. on August 6, 2024, in cash and stock transactions[481] - The Company acquired SYNQ3 for a total purchase consideration of $15.8 million, which included $3.9 million in cash and 5,755,910 shares of Class A Common Stock[562] - The total purchase price for the acquisition was $98.608 million, which included cash paid of $8.420 million and contingent earnout consideration of $66.269 million[586] Stock and Equity - The weighted-average common shares outstanding increased to 338,462,574 in 2024 from 229,264,904 in 2023, indicating dilution due to increased share issuance[458] - The total shares outstanding as of December 31, 2023, was 216,943,349[462] - The total number of common stock shares issued after the Business Combination was 196,503,710, including 11,300,000 shares from the PIPE Investment[560] - The Company has authorized the issuance of 500,000,000 shares of capital stock, including 455,000,000 shares of Class A Common Stock and 44,000,000 shares of Class B Common Stock[550] Research and Development - Research and development expenses for 2024 were $70.555 million, up from $51.439 million in 2023, reflecting the company's commitment to innovation[458] - The Company aims to enhance its Generative AI Foundation Model and expand the platforms for its voice AI technology[13] - The Company is focused on launching new product offerings and expanding its information and technology capabilities[14] Risks and Challenges - The Company faces risks related to the integration of recent acquisitions and the effectiveness of internal controls over financial reporting, which were found to have material weaknesses[425] - The Company is exposed to market risks primarily due to fluctuations in foreign currency exchange rates[416] - The Company expects to continue incurring substantial losses in the foreseeable future, primarily funded through equity or debt financings[482] Revenue Recognition and Accounting - The Company has identified significant judgment in revenue recognition processes, impacting financial reporting[434] - The Company recognizes revenue under ASC 606 when a customer obtains control of promised goods or services, reflecting the consideration expected to be received[512] - The Company estimates expected credit losses based on historical experience and relevant information, adjusting the allowance for credit losses through earnings[494] Stock-Based Compensation - Stock-based compensation expenses amounted to $33.145 million[466] - The company reported stock-based compensation of $33.1 million in 2024, compared to $27.9 million in 2023[469] - The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options, requiring subjective assumptions such as expected term and price volatility[523] Audit and Compliance - The company has been audited by PricewaterhouseCoopers LLP since 2023, ensuring compliance with U.S. federal securities laws[442] - The Company has not declared or paid dividends to date and does not anticipate declaring dividends, resulting in an expected dividend yield of zero[525]

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public. SO WHAT: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingen ...