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SoundHound AI Inc (SOUN)
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Upturn Advisory Summary
12/12/2024: SOUN (4-star) is a STRONG-BUY. BUY since 41 days. Profits (160.38%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 78.81% | Upturn Advisory Performance 2 | Avg. Invested days: 21 |
Profits based on simulation | Stock Returns Performance 4 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 78.81% | Avg. Invested days: 21 |
Upturn Star Rating | Stock Returns Performance 4 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.01B USD |
Price to earnings Ratio - | 1Y Target Price 8.07 |
Dividends yield (FY) - | Basic EPS (TTM) -0.35 |
Volume (30-day avg) 65554063 | Beta 3.04 |
52 Weeks Range 1.62 - 16.07 | Updated Date 12/12/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.01B USD | Price to earnings Ratio - | 1Y Target Price 8.07 |
Dividends yield (FY) - | Basic EPS (TTM) -0.35 | Volume (30-day avg) 65554063 | Beta 3.04 |
52 Weeks Range 1.62 - 16.07 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -163.58% | Operating Margin (TTM) -139.97% |
Management Effectiveness
Return on Assets (TTM) -18.13% | Return on Equity (TTM) -68.39% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 4918350548 | Price to Sales(TTM) 74.45 |
Enterprise Value to Revenue 73.08 | Enterprise Value to EBITDA -25.42 |
Shares Outstanding 337015008 | Shares Floating 326633651 |
Percent Insiders 2.17 | Percent Institutions 29.3 |
Trailing PE - | Forward PE - | Enterprise Value 4918350548 | Price to Sales(TTM) 74.45 |
Enterprise Value to Revenue 73.08 | Enterprise Value to EBITDA -25.42 | Shares Outstanding 337015008 | Shares Floating 326633651 |
Percent Insiders 2.17 | Percent Institutions 29.3 |
Analyst Ratings
Rating 4.29 | Target Price 5.04 | Buy 1 |
Strong Buy 4 | Hold 2 | Sell - |
Strong Sell - |
Rating 4.29 | Target Price 5.04 | Buy 1 | Strong Buy 4 |
Hold 2 | Sell - | Strong Sell - |
AI Summarization
SoundHound AI Inc.: Comprehensive Analysis
Company Profile:
SoundHound AI Inc. (Nasdaq: SOUN), formerly SoundHound Inc., was established in 2005 as an independent research company, before becoming incorporated as SoundHound in 2008. It pioneered speech-to-text and voice-enabled AI technologies. SoundHound AI has developed a suite of AI-based voice-enabled solutions, focusing primarily in the fields of voice assistants, voice search, and voice-enabled chatbots, catering primarily towards consumers, automotive manufacturers, mobile carriers, content providers and enterprise companies globally.
Leadership Team & Corporate Structure:
- Keyvan Mohajer - Chief Executive Officer, President, & Director
- James Hom - Interim Chief Financial Officer, Assistant Secretary & Treasurer
- Samuel J. O'Connor, Jr. - Vice Chair, Lead Independent Director
- Mike Zagorsek - Chief Strategy Officer
- Mark Blanchard - General Manager Automotive & Transportation
- **Bobby Tullio - ** General Manager AI Platform
The company operates through its wholly owned subsidiaries, which include SoundHound Inc., Houndify Inc., Soundbit, Inc. d/b/a Houndify Music and RightMedia Ltd.
Top Products & Market Share:
Houndify: A voice AI platform for integration into mobile apps, devices and connected products, enabling hands-free voice interaction.
Hound: A voice assistant app for mobile devices, providing conversation-driven information discovery, voice control and task capabilities.
Market Share: SoundHound's technology powers voice assistants in various vehicles and mobile devices, with its technology used by over a hundred million users globally across billions of voice interactions annually. The market share in specific products is difficult to quantify due to partnerships with other technology providers.
- Competitors: Apple's Siri, Amazon's Alexa, Google's Assistant, and Samsung Bixby.
- Comparison: While the market leaders have significantly larger user bases, Hound and Houndify differentiate by offering a wider variety of functionalities, such as hands-free control and integration into different devices and applications.
Total Addressable Market (TAM):
- The global market for AI voice assistants is expected to reach $22.44 billion by 2028, growing rapidly.
- SoundHound AI focuses primarily on the B2B segment of this market, targeting sectors like automotive and consumer devices.
- The B2B segment presents significant potential, as voice integration becomes increasingly important for various products.
Financial Performance:
- Revenue growth year-on-year has fluctuated significantly in previous years, but the latest figures indicate a positive trajectory. * The net loss has decreased steadily over time, indicating improved profitability prospects.
Financial Health: * The recent financials indicate improvement, but the company still has negative earnings and is not yet generating positive free cash flow. * The current cash position and burn rate indicate that the company has sufficient funding for its ongoing operations and growth initiatives for over the next 12 months based on current performance.
- Balance sheet stability is improving.
Dividends & Shareholder Returns:
SoundHound AI currently does not pay dividends, focusing instead on reinvestment for growth.
Shareholder return has been negative over the past year but positive over longer time periods, reflecting both risk and potential.
Growth Trajectory:
- The company has a history of significant investment in R&D, indicating its focus on innovation and potential future growth opportunities, as AI technologies evolve and demand increases.
- Recent partnerships with automobile and technology companies indicate potential for future expansion of their market reach and revenue generation.
- Strategic acquisitions have helped to broaden their technology portfolio and market presence.
- While past financial performance is marked by volatility and losses, future prospects suggest potential profitability and growth, largely hinging upon successful execution of growth strategies.
Market Dynamics:
- The voice AI industry experiences rapid technological advancement and rising adoption across diverse applications, prompting fierce competition and demanding constant innovation for differentiation and growth.
Positioning: * SoundHound faces competition, particularly giants such as Google and Apple. Nonetheless, it possesses a strong technology base, partnerships with established players in sectors like automobiles, and the ability to personalize and adapt its technology for various industries.
Recent acquisitions:
Company Name | Acquisition Year | Acquisition Cost (where applicable) | Description |
---|
| Right Media Group | 2023 | £25 million | Acquisition to increase content selection for Hound |
Challenges & Opportunities:
Key Challenges:
- Maintaining financial stability and achieving profitability in the long run
- Maintaining competitiveness and innovation amidst a dynamic technological environment
Opportunities:
- Expansion into new market segments and geographical regions
- Developing and deploying innovative AI solutions in collaboration with key partners
AI Based Rating: 7.0
- SoundHound leverages strong AI capabilities, with promising potential in a growing market, and possesses a solid foundation for future expansion. However, achieving consistent profitability in a highly competitive environment remains an important milestone for future success.
Sources:
- SoundHound Investors: investor.soundhound.ai
- SEC Filings: sec.report/CIK/0001734501
Disclaimers:
This information is for informational and educational purposes and does not constitute investment or financial advice, nor is it a guarantee of future results or recommendations for buying, holding, or selling securities. Please consult a financial professional for advice tailored to individual circumstances.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SoundHound AI Inc
Exchange | NASDAQ | Headquaters | Santa Clara, CA, United States |
IPO Launch date | 2022-04-28 | CEO | - |
Sector | Technology | Website | https://www.soundhound.com |
Industry | Software - Application | Full time employees | 260 |
Headquaters | Santa Clara, CA, United States | ||
CEO | - | ||
Website | https://www.soundhound.com | ||
Website | https://www.soundhound.com | ||
Full time employees | 260 |
SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant. The company's products also include CaiNET software that uses machine learning to enhance how domains work together to handle queries; CaiLAN software that arbitrates responses so users get answers from the right domain; Dynamic Interaction a real-time, multimodal customer service interface; Smart Ordering which offers an easy-to-understand voice assistant for restaurants; Employee Assist; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; and embedded voice solutions. The company was founded in 2005 and is headquartered in Santa Clara, California.
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