SoundHound AI Inc (SOUN) stock plunged 6.49% in the pre-market trading session on Tuesday, following the company's wider-than-expected earnings loss for the fourth quarter reported last Thursday.
The AI company, which specializes in conversational intelligence and voice AI platforms, saw its shares tumble despite impressive revenue growth projections. According to the article, SoundHound's total sales are forecasted to soar 96% to $166.2 million in the current fiscal year, after nearly doubling to $85 million in the previous year.
However, the company's path to profitability remains uncertain. SoundHound posted an adjusted loss of -$1.02 per share in the fiscal year 2024, a significant decline compared to -$0.38 in 2023. While the company is expected to move closer to profitability in the next two fiscal years, with estimated losses per share of -$0.25 and -$0.19 respectively, the wider-than-expected loss in the latest quarter seems to have spooked investors, leading to the pre-market sell-off.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。