Overview
- Quarterly revenue reached $55.06 million, up 59.4% year over year and about 2.3% above Wall Street’s estimate.
- GAAP loss was $0.03 per share versus the expected $0.10 loss, lifting the stock 5.4% to roughly $8.98 with an intraday high of $9.10.
- Free cash flow improved to negative $24.43 million from negative $32.83 million in the prior quarter.
- SoundHound introduced a real-time, voice-powered Sales Assist agent for retail use at MWC and opened a Bengaluru engineering hub to expand its agentic AI R&D.
- Analysts rate the stock Moderate Buy with a $16.07 average price target, while elevated short interest, recent insider sales, and growing institutional positions shape sentiment.