SoundHound AI, Inc. (NASDAQ:SOUN) reported financial results for the fourth quarter after the market closed on Thursday. Here’s a look at the key highlights from the quarter.
Revenue Beat, $248M Cash Position And 2026 Outlook
SoundHound reported an adjusted loss of 2 cents per share, inline with the consensus estimate. The company also reported revenue of $55.05 million, beating the consensus estimate of $53.99 million.
"As traditional software faces massive AI disruption, businesses are looking to partner with AI natives that can help them achieve success in a new era. This is creating strong tailwinds for SoundHound," said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI.
"Our results speak for themselves. All key profit metrics were up and in the last quarter we closed a record number of customer deals as we capitalized on the surge in demand for enterprise-grade AI."
The company ended the quarter with total cash and cash equivalents of $248 million and no debt as of Dec. 31.
Looking ahead, the company sees fiscal-year revenue of $225.00 million to $260 million, versus the consensus estimate of $230.16 million.
SoundHound Shares Edge Higher
SOUN Price Action: At the time of publication, SoundHound shares are trading 1.11% higher at $9.08, according to data from Benzinga Pro.
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