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SoundHound AI Inc. (SOUNW)SOUNW
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Upturn Advisory Summary
12/05/2024: SOUNW (3-star) is a STRONG-BUY. BUY since 26 days. Profits (168.75%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 3256.91% | Upturn Advisory Performance 5 | Avg. Invested days: 39 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 12/05/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 3256.91% | Avg. Invested days: 39 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -6.57 |
Volume (30-day avg) 126664 | Beta 3.04 |
52 Weeks Range 0.23 - 6.40 | Updated Date 12/5/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -6.57 | Volume (30-day avg) 126664 | Beta 3.04 |
52 Weeks Range 0.23 - 6.40 | Updated Date 12/5/2024 |
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 - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding - | Shares Floating 326633651 |
Percent Insiders - | Percent Institutions - |
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 326633651 |
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
SoundHound AI Inc.: A Comprehensive Overview
Company Profile
History and Background
SoundHound AI Inc. (SOUN) is a digital innovation company specializing in voice-enabled AI and conversational intelligence technologies. Founded in 2005, the company initially developed music recognition technology, launching the popular SoundHound app in 2009. Over time, SoundHound expanded its focus to include speech recognition, natural language understanding, and voice assistants.
Core Business Areas
SoundHound operates in two primary segments:
- Houndify: This segment provides voice-enabled AI and conversational intelligence solutions to various industries, including automotive, consumer electronics, and smart home devices. Houndify offers a comprehensive suite of features, including voice search, voice assistants, conversational interfaces, and custom voice experiences.
- Music Recognition: This segment encompasses the company's original music recognition technology, accessible through the SoundHound app and other platforms.
Leadership and Structure
Key members of the leadership team include:
- Keyvan Mohajer: CEO and Co-founder
- James Hom: Chief Revenue Officer
- Rishikesan Kamath: Chief Technology Officer
- Gloria Yang: Chief Financial Officer
The company has a Board of Directors composed of experienced individuals from various industries.
Top Products and Market Share
Top Products and Offerings
SoundHound's key products include:
- Houndify: A voice-enabled AI and conversational intelligence platform for businesses.
- SoundHound App: A music recognition app with over 300 million downloads.
- Houndify Voice Assistant: A customizable voice assistant for smart devices.
Market Share
SoundHound faces competition from established players like Google Assistant, Amazon Alexa, and Apple Siri. However, the company has secured partnerships with major brands, including Hyundai, Mercedes-Benz, and Mastercard, allowing it to expand its reach in the automotive and financial sectors.
Total Addressable Market
The total addressable market (TAM) for voice-enabled AI is estimated to be worth over $60 billion by 2025. This market encompasses various segments, including smart home devices, automotive, healthcare, and customer service.
Financial Performance
Recent Financial Statements
SoundHound is a relatively young company with fluctuating financial performance. In 2022, the company reported revenue of $41.8 million, a net loss of $59.9 million, and an EPS of -$1.33.
Year-over-Year Comparison
Revenue has grown steadily over the past few years, but the company remains unprofitable. Gross margins have improved, indicating progress in cost management.
Cash Flow and Balance Sheet
SoundHound's cash flow remains negative due to its investments in growth initiatives. The company has a relatively low debt-to-equity ratio, suggesting a healthy financial position.
Dividends and Shareholder Returns
Dividend History
SoundHound does not currently pay dividends.
Shareholder Returns
The stock price has experienced significant volatility in recent years. Over the past year, SOUN has returned -44.48%, underperforming the S&P 500.
Growth Trajectory
Historical Growth
SoundHound has experienced strong revenue growth over the past few years, driven by increased adoption of its voice-enabled AI solutions.
Future Growth Projections
Analysts project continued revenue growth for SoundHound in the coming years. The company's success will depend on its ability to secure new partnerships and expand its market share.
Recent Product Launches and Initiatives
SoundHound continues to invest in product development and strategic partnerships. Recent initiatives include the launch of Houndify Voice Assistant for smart TVs and the expansion of its automotive partnerships.
Market Dynamics
Industry Trends
The voice-enabled AI market is experiencing rapid growth, driven by increasing consumer demand for convenient and hands-free experiences. Advancements in natural language processing and machine learning are further fueling innovation in this space.
SoundHound's Positioning
SoundHound is well-positioned to benefit from these trends with its strong technology platform and industry partnerships. However, competition from established players remains a significant challenge.
Competitors
Key Competitors
- Google (GOOG)
- Amazon (AMZN)
- Apple (AAPL)
- Microsoft (MSFT)
- Nuance Communications (NUAN)
Market Share Comparison
SoundHound holds a relatively small market share compared to its larger competitors. However, the company has established a niche in the voice-enabled AI space with its focus on conversational intelligence and customization.
Potential Challenges and Opportunities
Key Challenges
- Competition from established players
- Maintaining profitability
- Scaling operations to meet growing demand
Potential Opportunities
- Expanding into new markets and industries
- Developing innovative new features and products
- Building strategic partnerships
Recent Acquisitions (Last 3 Years)
SoundHound has not made any significant acquisitions in the past three years.
AI-Based Fundamental Rating
Based on an AI-based analysis, SoundHound receives a fundamental rating of 5 out of 10. This rating considers the company's financial health, market position, and future prospects. While the company has promising technology and strong growth potential, it faces challenges in achieving profitability and competing with larger players.
Sources and Disclaimers
- Company Website: https://www.soundhound.com/
- SEC Filings: https://www.sec.gov/edgar/search/
- MarketWatch: https://www.marketwatch.com/investing/stock/SOUN
- Yahoo Finance: https://finance.yahoo.com/quote/SOUN/
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Investing in stocks involves risk, and you could lose money.
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 | 2021-04-26 | Co-Founder, CEO, President & Director | Dr. Keyvan Mohajer |
Sector | Technology | Website | https://www.soundhound.com |
Industry | Software - Application | Full time employees | 260 |
Headquaters | Santa Clara, CA, United States | ||
Co-Founder, CEO, President & Director | Dr. Keyvan Mohajer | ||
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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