SoundHound AI Stock Tumbles as Margins Drop

Investopedia11-14 03:13

Key Takeaways Shares of SoundHound AI sank as the AI-based voice software maker's margins dropped. The company's revenue set a record, and its loss was less than analysts had anticipated.SoundHound AI...

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The company's revenue set a record, and its loss was less than analysts had anticipated.SoundHound AI...</p>\n\n<a href=\"https://www.investopedia.com/soundhound-ai-stock-tumbles-as-margins-drop-8744691\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoundHound AI Stock Tumbles as Margins Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoundHound AI Stock Tumbles as Margins Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 03:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/soundhound-ai-stock-tumbles-as-margins-drop-8744691><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nShares of SoundHound AI sank as the AI-based voice software maker's margins dropped. The company's revenue set a record, and its loss was less than analysts had anticipated.SoundHound AI...</p>\n\n<a href=\"https://www.investopedia.com/soundhound-ai-stock-tumbles-as-margins-drop-8744691\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"2NVD.UK","symbol_name":"2X NVIDIA ETP","start_time":0,"source_url":"https://www.investopedia.com/soundhound-ai-stock-tumbles-as-margins-drop-8744691","article_id":"2483285275","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/WwBYONxCg40w2GptklXaueC13Ao=/5000x3265/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1917905870-00021ff1dac24ce3ae6f891a4f9e866f.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483285275","pubTimestamp":1731525189,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"SoundHound AI  shares plunged 16% Wednesday, a day after the provider of artificial intelligence  voice technology software reported a big drop in gross margin.The Nvidia -backed company’s third-quarter GAAP gross margin sank 24.3 percentage points to 48.6%, and non-GAAP gross margin tumbled 14.0 percentage points to 59.7%.That offset an otherwise powerful financial report, with its loss per share of $0.06 beating the $0.10 loss per share expected by analysts surveyed by Visible Alpha. Revenue soared 89% year-over-year to a record $25.1 million, also above forecasts.Co-founder and CEO Keyvan Mohajer said voice is the \"killer app\" for applied generative AI. He added that because of the company's \"best-in-class technology, mastery of complex vertical integrations, and proprietary AI software, SoundHound is ideally positioned to capitalize on this huge and growing opportunity.\". 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The company's revenue set a record, and its loss was less than analysts had anticipated.SoundHound AI boosted its revenue outlook for both 2024 and 2025. \n SoundHound AI (SOUN) shares plunged 16% Wednesday, a day after the provider of artificial intelligence (AI) voice technology software reported a big drop in gross margin. \n\n\n The Nvidia (NVDA)-backed company’s third-quarter GAAP gross margin sank 24.3 percentage points to 48.6%, and non-GAAP gross margin tumbled 14.0 percentage points to 59.7%. \n\n\n That offset an otherwise powerful financial report, with its loss per share of $0.06 beating the $0.10 loss per share expected by analysts surveyed by Visible Alpha. Revenue soared 89% year-over-year to a record $25.1 million, also above forecasts.\n\n\n  CEO Says Voice Is 'Killer App' for Generative AI  \n Co-founder and CEO Keyvan Mohajer said voice is the \"killer app\" for applied generative AI. He added that because of the company's \"best-in-class technology, mastery of complex vertical integrations, and proprietary AI software, SoundHound is ideally positioned to capitalize on this huge and growing opportunity.\"\n\n\n The company now sees full-year revenue to be in a range of $82 million to $85 million compared with its earlier outlook of more than $80 million. It predicts fiscal 2025 revenue between $155 million and $175 million versus its previous estimate of more than $150 million.\n\n\n Even with today's declines, shares of SoundHound AI have tripled so far in 2024.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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