SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash
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SoundHound AI (SOUN) stock jumps on strong subscription demand in Q1
May 10, 2024 10:35 AM EDTSoundHound AI (NASDAQ: SOUN) shares jumped Friday on the back of its latest quarterly results, which saw it top earnings estimates.
The company's loss per share for the first quarter was ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $11.6 million versus the consensus estimate of $11.86 million.
Revenue grew 73% year-on-year (YoY),... More
