Soundhound Ai, IncThis year’s Soun shares have fallen by 31.7%, mainly due to the competition of China’s artificial intelligence (AI) Deepseek, which started its R1 model and NVIDIA CORPORATIONNVDA Clear plans to expand in the agent’s AI space.
However, the Soundhound AI shares jumped 26.4% after the company announced a record second quarter revenue exceeding the Wall Street expectations. Does this indicate that Soundhound Ai is set to start bulls, so now is the right time to invest in it? Let’s look at it more.
In the second quarter, Soundhound AI revenue increased by 217% to $ 42.68 million a year. USD, exceeding the Wall Street calculation-$ 32.9 million. USD. The company has reduced losses to 3 cents for the campaign since last year’s 4 cents. Wall Street analysts hoped that a 5 cents loss for the campaign had been adjusted.
CEO Keyvan Mohajer called it “Soundhound Ai” “in the strongest quarter of all time” and mentioned that previous strategic solutions have led to significant results that promote growth in all business units. The car department has been particularly good, and the voice assistant is expected to be integrated into the main manufacturer of original equipment (OEM) producing vehicles for both Chinese and global markets.
The company has increased the prospects of the whole year as it has added more customers, mainly in China. Soundhound AI now hopes that the total year’s revenue will range from $ 160 to $ 178 million. USD compared to the earlier predicted $ 157 million. USD up to $ 177 million USD. The income has increased steadily, which indicates that it can reach the top of the latest sales valuation.
It is expected that the world -renowned voice recognition systems will occur quickly as they will continue to improve. Its demand appears in various restaurants, smart devices and cars to mention several. Statista designs the general market addressed to the AI AI-led voice recognition systems market in 2025-$ 8.6 billion, and by 2030. It is likely to grow to $ 15.9 billion. It gives Soundhound a huge opportunity to grow.
Soundhound AI has a successful business model that receives income through monthly subscription services paid by customers. The company is consistently acquiring new customers, so expectations will be expectations for regular income and more reliable cash revenue.
Restaurants like Casey’s General Stores, Inc. Casy and Chipotle Mexican Grill, Inc. CMG implements voice automation in response to increasing customer demand, which is useful for Soundhound AI.
