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Investing.com -- SoundHound AI , Inc. (NASDAQ:SOUN) shares jumped 10.5% after the voice artificial intelligence company reported second quarter revenue that significantly exceeded analyst expectations and raised its full-year outlook.
The company posted revenue of $42.7 million for the second quarter, surging 217% YoY and substantially beating the analyst consensus of $32.88 million. SoundHound reported an adjusted loss of -$0.03 per share, outperforming the expected loss of -$0.09 per share.
SoundHound’s strong performance prompted management to raise its full-year 2025 revenue guidance to between $160 million and $178 million, above the analyst consensus of $159.6 million. The midpoint of this guidance ($169 million) represents a 6% increase over previous analyst expectations.
"In SoundHound’s strongest ever quarter, many of our previous strategic moves delivered high-impact results with growth across every business unit," said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. "We have demonstrated a repeatable success formula."
The company reported significant business momentum across multiple sectors, including restaurants, automotive, healthcare, and financial services. Notable new customer wins included Red Lobster, Peter Piper Pizza, and Applebee’s, while the company expanded relationships with existing clients like Chipotle (NYSE:CMG) and Firehouse Subs.
SoundHound’s non-GAAP gross margin was 58.4%, down from 66.5% in the same quarter last year. The company ended the quarter with $230 million in cash and no debt.
The company’s adjusted EBITDA was a loss of $14.3 million, slightly higher than the $13.8 million loss reported in the same period last year, as SoundHound continues to invest in growth opportunities in the expanding voice AI market.
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