SoundHound AI, Inc. (SOUN) Reports Q4 Loss, Tops Revenue Estimates

Financial Performance - SoundHound AI, Inc. reported a quarterly loss of $0.69 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.11, representing an earnings surprise of -527.27% [1] - The company posted revenues of $34.54 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 3.14%, and showing a substantial increase from $17.15 million in the same quarter last year [2] - Over the last four quarters, SoundHound AI has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - SoundHound AI shares have declined approximately 51.8% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $34.42 million, and for the current fiscal year, it is -$0.25 on revenues of $162.99 million [7] Industry Outlook - The Computers - IT Services industry, to which SoundHound AI belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of SoundHound AI's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]