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SoundHound AI, Inc. (SOUN) reported a quarterly loss of $0.06 per share for the period ending September 2024, outperforming the Zacks Consensus Estimate of a loss of $0.08. This marks an improvement from a loss of $0.09 per share a year earlier. The company’s revenues for the quarter totaled $25.09 million, surpassing estimates by 5.96% and increasing from $13.27 million a year ago.
With a year-to-date stock increase of 266.5%, SoundHound AI has exceeded consensus EPS estimates two out of the last four quarters. The current consensus EPS estimate for the next quarter stands at -$0.06 on projected revenues of $33.87 million.
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