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SoundHound AI Shares Drop 9.5% Despite Strong Revenue Growth

SoundHound AI Shares Drop 9.5% Despite Strong Revenue Growth

Author:

Global Cryptocurrency

Published:

2025-11-07 01:38:03

27

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BTCCSquare news:

SoundHound AI reported a 68% surge in Q3 revenue to $42 million, driven by enterprise demand for its voice-enabled AI solutions across automotive, healthcare, finance, and retail sectors. Yet, the stock fell 9.5% to $14.23, weighed down by a widening GAAP net loss fueled by $66 million in non-cash acquisition charges.

Non-GAAP gross margins held steady NEAR 59%, but GAAP margins contracted to 42.6% due to accounting impacts. The company maintains a robust balance sheet with $269 million in cash and zero debt, positioning it for continued expansion in competitive AI markets.

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