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Dec 31, 2024
SoundHound Q4 2024 Earnings Report
SoundHound AI reported record revenue growth in Q4 2024, doubling year-over-year and exceeding expectations.
Key Takeaways
SoundHound AI delivered an exceptional Q4 2024 performance, achieving record revenue of $34.5 million, a 101% increase compared to the previous year. Despite strong topline growth, the company reported a GAAP net loss of $258.6 million, largely impacted by non-cash fair value adjustments. Adjusted EBITDA stood at -$16.8 million, reflecting continued investment in AI-driven voice solutions. The company ended the quarter with a strong cash position of $198 million and no debt.
Revenue surged 101% YoY to $34.5 million, exceeding expectations.
GAAP EPS was -$0.69, while non-GAAP EPS was -$0.05.
Adjusted EBITDA loss of $16.8 million reflects continued investments.
Cash and cash equivalents stood at $198 million with no outstanding debt.
Forward Guidance
SoundHound AI raised its full-year 2025 revenue outlook to a range of $157M to $177M, anticipating continued strong demand for its voice AI solutions.
Positive Outlook
- Full-year 2025 revenue guidance increased to $157M - $177M.
- AI-driven product adoption continues to expand across multiple industries.
- Strong cash position enables further strategic investments.
- Expanding partnerships with major brands in QSR, automotive, and healthcare sectors.
- Advancing AI capabilities with new generative AI innovations.
Challenges Ahead
- Continued losses expected as investment in growth initiatives remains high.
- Competitive pressures in the AI and voice assistant market persist.
- Macroeconomic uncertainty may impact enterprise spending on AI solutions.
- Stock price volatility affecting fair value adjustments and reported earnings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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