NASDAQ$SOUN
Soundhound Ai Inc-A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
SoundHound AI reported a 54% revenue increase and a record revenue for Q2 2024. The company also acquired Amelia to expand into new verticals.
SoundHound AI reported a 54% year-over-year revenue increase, reaching $13.5 million in Q2 2024. The company's cash balance stands at $201 million. They also acquired Amelia, an enterprise conversational AI leader, to expand into new verticals.
- Revenue increased by 54% year-over-year to $13.5 million.
- GAAP gross margin was 63%, while non-GAAP gross margin was 67%.
- The company prepaid $100 million in debt, saving over $55 million in interest and fees.
- Acquired Amelia to expand SoundHound AI’s customer service offering.
Headline financials
Revenue & EPS history
SoundHound · Revenue · Quarterly
$13.5M
Forward guidance
SoundHound expects its full year 2024 revenue to exceed $80 million and its 2025 revenue outlook to exceed $150 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q2 2024
-1.2%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-4.8%
Avg return
30 days after
35%
7 / 20 earnings
Positive
+17.8%
Q4 2024
Best reaction
-19.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | -5.2% | -23.9% | |
| Q4 2025 | -4.1% | -9.1% | -34.3% | |
| Q3 2025 | -0.8% | -7.0% | -10.3% | |
| Q1 2025 | -7.6% | +20.7% | +3.8% | |
| Q4 2024 | +17.8% | +10.2% | -7.7% | |
| Q3 2024 | -19.3% | -18.1% | +75.9% | |
| Q2 2024 | +13.3% | +16.0% | +1.2% | |
| Q1 2024 | +14.6% | +10.2% | -3.3% | |
| Q4 2023 | -4.7% | -21.8% | -7.1% | |
| Q3 2023 | +1.1% | +20.3% | +18.6% | |
| Q2 2023 | -5.8% | +12.6% | +11.7% | |
| Q1 2023 | -2.7% | -5.1% | +17.6% | |
| Q4 2022 | -4.9% | -39.0% | -13.2% | |
| Q3 2022 | -8.3% | -11.7% | -33.5% | |
| Q4 2021 | +2.5% | -11.7% | -9.3% | |
| Q2 2022 | +0.0% | +3.1% | -9.2% | |
| Q1 2022 | -10.2% | -29.5% | -58.2% | |
| Q3 2021 | -0.2% | — | — | |
| Q1 2021 | +0.2% | — | — | |
| Q2 2021 | +0.2% | — | — |
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