SoundHound AI recently posted impressive revenue growth, but there is more than meets the eye with this small artificial intelligence (AI) company. Artificial intelligence (AI) is making its way into more services by the day. One area that is witnessing some attention at the moment is the intersection between voice and AI. Smart assistants aren't really that new, though. Apple integrated Siri into its hardware devices more than a decade ago. Moreover, smart-home devices from Amazon and Alphabet's Google hav ...

Strong results from Nvidia (NASDAQ:NVDA) are propelling other artificial intelligence (AI) stocks higher, including SoundHound AI (NASDAQ:SOUN) stock. SoundHound specializes in voice AI applications. But its shares have been falling of late, from almost $9 each in March to barely $3.50 in late April. SOUN stock was up nearly 4% in the pre-market this morning. The shares opened at $5.18 each, a market capitalization of $1.7 billion. However, the rally might be shortlived, or at least unstable, as SOUN stock ...

Robert Way/iStock Editorial via Getty Images SoundHound Stock Suffered A Steep Plunge SoundHound AI, Inc. (NASDAQ:SOUN) investors who chased its early 2024 rally suffered a hammering in mid-March 2024 as the market pulled back. Given SoundHound's remarkable gains over the past year and its unprofitable business model, I'm not surprised by SOUN stock's bear market decline before bottoming in late April 2024. Accordingly, SOUN fell more than 65% from its March highs toward its recent April lows. As a result, ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File No. 001-40193 SOUNDHOUND AI, INC. (Exact name of registrant as specified in its charter) | Delaware | 86-1286 ...

SoundHound AI, Inc. (NASDAQ:SOUN) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Scott Smith - Investor Relations Keyvan Mohajer - CEO & Director Nitesh Sharan - CFO Gil Luria - D.A. Davidson & Co. Mike Latimore - Northland Securities Glenn Mattson - Ladenburg Thalmann & Co. Brett Knoblauch - Cantor Fitzgerald & Co. Good day, and thank you for standing by, and welcome to SoundHound Q1 2024 Earnings Conference Call. [Operator Instructions]. Scott Smith We'd like to remind everyone that we will be ma ...

2 SOUNDHOUND AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) | | Three Months Ended | | | --- | --- | --- | | | March 31, | | | | 2024 | 2023 | | Cash flows used in operating activities: | | | | Net loss | $ (33,009) $ | (27,430) | | Adjustments to reconcile net loss to net cash used in operating activities: | | | | Depreciation and amortization | 1,470 | 708 | | Stock-based compensation | 6,979 | 8,249 | | Loss on change in fair value of ELOC program | — | 571 | | Amorti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission file number: 001-40193 __________________________________ ...

Dan Ives - Wedbush Gil Luria - D.A. Davidson Scott Buck - H.C. Wainwright & Co. Glenn Mattson - Ladenburg Thalmann Mike Latimore - Northland Capital Markets Brett Knoblauch - Cantor Fitzgerald Good afternoon, and thank you for joining our fourth quarter and full year 2023 conference call. Finally, this call is being audio webcast in its entirety on our Investor Relations website. An audio replay will be available following today's call. At SoundHound, we've made two important predictions for the future of A ...

Exhibit 99.2 SOUNDHOUND AI, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) | | | December 31, | | December 31, | | --- | --- | --- | --- | --- | | | | 2023 | | 2022 | | ASSETS | | | | | | Current assets: | | | | | | Cash and cash equivalents | $ | 95,260 | $ | 9,245 | | Accounts receivable, net of allowances of $203 and $109 as of December 31, 2023 and 2022, | | | | | | respectively | | 4,050 | | 3,414 | | Prepaid expenses | | 924 | | 2,514 | | Contract assets and unbilled ...