SoundHound AI Earnings for the Third Quarter of 2022: Exceeding Expectations

SoundHound AI Earnings for the Third Quarter of 2022: Exceeding Expectations

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.
NasdaqGM: Earnings and Revenue Growth on November 16, 2022

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.

See free analysis

This article written by Simply Wall St is general in nature. We provide comments based on historical data and analyst predictions only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and it does not take into account your objectives or financial situation. We aim to provide you with focused, long-term analysis driven by fundamental data. Note that our analysis may not include the company’s most recent price-sensitive announcements or specific materials. Wall Street simply has no position in any of the stocks mentioned.

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