Prediction: SoundHound Passes $500 Million in Revenue Before It Turns a Profit
Sales grew 45% year over year last quarter, an acquisition is about to add more -- and the losses are shrinking far more slowly.
Overview
SoundHound AI (NASDAQ:SOUN) is becoming a much bigger company. LivePerson (NASDAQ:LPSN) shareholders approved the sale of their company to the voice artificial intelligence (AI) specialist on Sept. 2, and the mostly stock deal closed on Friday, Sept. 4.
SoundHound's own second-quarter revenue grew 45% year over year to a record $61.9 million, and management raised the low end of its full-year outlook, which now calls for $230 million to $260 million of revenue in 2026.
Details
Stack a large acquired business on top of that growth, and the top line could reach half a billion dollars surprisingly soon. The losses are moving much more slowly. Here's my prediction: SoundHound passes $500 million in annual revenue before it earns a sustained profit.
Source
Originally published at www.fool.com.