SoundHound AI Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

SoundHound AI (NASDAQ:SOUN) Full Year 2024 Results

Key Financial Results

• Revenue: US$84.7m (up 85% from FY 2023).
• Net loss: US$351.1m (loss widened by 283% from FY 2023).
• US$1.04 loss per share (further deteriorated from US$0.40 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SoundHound AI Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 176%.

Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for SoundHound AI (1 is significant!) that we have uncovered.

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