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.
The company’s shares are down 11% from where they were a week ago.
Before we wrap up, find out 3 warning signs for SoundHound AI (1 makes us a little uncomfortable!) You should be aware of it.
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