SoundHound AI (Nasdaq: Safe) Results of the third quarter 2022
Key financial results
- Revenue: $11.2 million (up 178% from Q3 2021).
- Net loss: $28.9 million (loss widened 22% from Q3 2021).
- $0.15 loss per share.
All figures shown in the above graph are for the TTM period.
SoundHound AI’s revenue and earnings beat expectations
Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also beat analyst estimates of 12%.
Looking ahead, revenue is expected to grow 68% annually on average over the next three years, compared to projections of 13% growth for the US software industry.
performance American software industry.
The company’s shares are down 11% from where they were a week ago.
Risk analysis
Before we wrap up, find out 3 warning signs for SoundHound AI (1 makes us a little uncomfortable!) You should be aware of it.
Evaluation is complex, but we help make it simple.
Find out if SoundHound AI potentially overvalued or undervalued by checking our comprehensive analysis, which includes Fair value estimates, risks and warnings, dividends, insider transactions and financial soundness.
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