SoundHound AI (SOUN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Scott Smith - Head of Investor RelationsKeyvan Mohajer - Co-Founder & CEONitesh Sharan - Chief Financial OfficerGil Luria - Head of Technology Research Conference Call Participants Leo Carpio - Equity Research AnalystVijay Dewar - AnalystScott Buck - Managing Director & Senior Technology Analyst Operator and thank you for standing by. Welcome to the Soundhound First Quarter twenty twenty five Earnings Conference Call. A ...

SoundHound AI (SOUN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 and thank you for standing by. Welcome to the Soundhound First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Scott Smith, Head of Investor Relations. Please go ah ...

SOUNDHOUND AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) | | | March 31, | | December 31, | | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | | | | (Unaudited) | | | | ASSETS Current assets: | | | | | | Cash and cash equivalents | $ | 245,809 | $ | 198,240 | | Accounts receivable, net of allowances of $1,538 and $726 as of March 31, 2025 and December 31, 2024, respectively | | 20,177 | | 23,159 | | Contract assets and unbilled receivable, net | | 21,419 | ...

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/soundh ...

Core Viewpoint - A securities class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making false and misleading statements regarding its financial reporting and internal controls during the Class Period from May 10, 2024, to March 3, 2025 [1]. Group 1: Allegations Against SoundHound - The complaint claims that SoundHound had material weaknesses in its internal controls over financial reporting, which affected its ability to account for corporate acquisitions [3]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3]. - The reported goodwill from the acquisition of Amelia Holdings, Inc. in August 2024 was inflated and would require correction due to these weaknesses [3]. - SoundHound is expected to incur additional time and costs to properly account for its acquisitions, including Amelia Holdings, Inc. and SYNQ3 [3]. - The issues raised increased the risk of SoundHound failing to file certain financial reports with the SEC in a timely manner [3]. - Overall, the public statements made by SoundHound were deemed materially false and misleading throughout the relevant period [3]. Group 2: Legal Process and Participation - Investors in SoundHound have until May 27, 2025, to seek appointment as a lead plaintiff representative in the class action [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].

NEW YORK, May 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN).Shareholders who purchased shares of SOUN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=147310&from=4CLASS PERIOD: May 10, 2024 to M ...

SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of SoundHound AI, Inc. (NASDAQ: SOUN) securities between May 10, 2024 and March 3, 2025, both dates inclusive (the “Class Period”), have until Tuesday, May 27, 2025 to seek appointment as lead plaintiff of the SoundHound class action lawsuit. Captioned Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.), the SoundHound class action lawsuit charges SoundHound as well as certain of SoundHo ...

SoundHound AI (SOUN) is scheduled to report its first-quarter 2025 results on May 8, after the closing bell.In the last reported quarter, SoundHound reported a loss of 69 cents per share, significantly wider than the 6-cent loss recorded in the same period a year earlier and notably below the Zacks Consensus Estimate by a wide margin of 527.3%. However, revenues jumped 101.5% year over year to $34.5 million, surpassing the consensus estimate by 3.1%. This revenue surge was supported by key customer addition ...

Core Insights - SoundHound AI is set to release a significant financial update that is highly anticipated by investors [1] Company Summary - The stock prices referenced were from the afternoon of May 1, 2025, indicating a specific timeframe for the financial update [1] - The video discussing this update was published on May 3, 2025, suggesting that the information is timely and relevant for current investors [1]

Core Viewpoint - SoundHound AI is experiencing a significant increase in growth expectations, with analysts projecting nearly double the revenue growth compared to last year, which was initially estimated at 30% [1][4]. Company Summary - SoundHound AI's revenue for the previous year was $85 million, and it is positioned to benefit from the expanding voice AI market, which is expected to exceed $40 billion by 2032 [2]. - The company's shares are currently trading at 36.5 times trailing sales, but analysts predict a sales growth of approximately 96% this year, with a more modest growth of nearly 20% expected next year [4][6]. - Over the next five to ten years, SoundHound AI has the potential for double-digit sales growth, with some periods possibly reaching triple-digit growth [6]. Industry Summary - The voice AI market is anticipated to grow at around 30% annually, which could provide a favorable environment for SoundHound AI's growth trajectory [4]. - The current valuation of SoundHound AI, when considering future growth rates, appears more reasonable, trading at 21.9 times forward sales based on expected growth over the next 12 months [6].