AI Stock SoundHound AI, Inc. (Nasdaq: SOUN) on the Run on Possible Tariff Reprieve?
May 13, 2025 (Investorideas.com Newswire) Investorideas.com, a leader in retail investor trading ideas for AI and robotics stocks issues a news alert for SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence.
SoundHound recently reported its financial results for the first quarter 2025 and the stock has been on the run, closing Monday May 12th at $11.01, up 2.03, gaining over 22% on over 91 Million shares.
The stock market rose on Monday's trading session on news of a US- China tariff deal, announcing a temporary reduction in tariffs. Was this a factor for the run on SoundHound AI ?
Motley Fool reported, "The voice AI company relies on hardware that is exposed to tariffs between the two countries."
SoundHound AI's stock fell 7.8% on Friday after its Q1 2025 earnings report was released Thursday,
Wedbush reduced its price target for SoundHound AI from $22 to $15 while maintaining an "Outperform" rating.
The stock has a 52 week range of $3.82 - $24.98.
From the news last week - "SoundHound continues to extend its reach and create new possibilities for real world AI applications. The release of our complete AI agent platform delivers full, voice-enabled Agentic AI for customers across all industries," said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. "At the same time, our bold growth initiatives are paying dividends, and we're realizing significant cross-sell and upsell opportunities following our acquisitions."
First Quarter Financial Highlights
Reported revenue was $29.1 million, an increase of 151% year-over-year; no customer accounted for more than 10% of our revenue in the quarter, showing continued diversification of customers.
GAAP gross margin was 36.5%; non-GAAP gross margin was 50.8%
GAAP diluted earnings per share was $0.31; non-GAAP diluted earnings per share was a loss of ($0.06)
GAAP net income was $129.9 million; non-GAAP net loss was ($22.3) million
Adjusted EBITDA was ($22.2) million
GAAP results include a gain from the calculated fair value of contingent acquisition liabilities where future earnout shares are marked-to-market on a quarterly basis based on the company's stock price. Non-GAAP measures exclude this non-operating/non-cash impact.
"Our distinctive value proposition in conversational voice AI across an increasingly diverse industry base is manifesting real returns and outcome-based results for our end customers," said Nitesh Sharan, CFO of SoundHound AI. "Our addressable and serviceable market continues to expand meaningfully, and we are capturing more of it with accelerating momentum."
Business Highlights
Agentic AI: Unveiled Amelia 7.0, allowing businesses to harness the power of full Agentic AI with category-leading voice technology. The platform marks a leap forward, with smart AI agents that reason and perform complex tasks with humanlike interactions.
Voice Commerce: Voice commerce solution has now integrated dozens of restaurant brands and is running pilots and POCs with multiple automakers, including the innovation team at one of the world's largest automotive brands.
Restaurants: Expanded partnership with one of the largest pizza chains in the US, providing our phone answering and AI solutions to thousands of locations.
Added locations with existing brands, such as Habit Burger, Casey's, Firehouse Subs, Five Guys, White Castle and McAlister's, among others. Continued expansion across Burger King UK locations together with strategic partner, Acrelec.
Automotive: Joined forces with Tencent Intelligent Mobility to bring world class conversational AI to the Intelligent Cockpits of global auto brands. Participated in NVIDIA GTC 2025, expanding its joint offering of SoundHound's voice assistant leveraging generative AI on the edge running on NVIDIA Drive AGX™.
Healthcare: Renewed or expanded with three customers this quarter, including a prominent medical billing company, a healthcare provider that brings test results to the patient at home, and a healthcare provider in the midwest that owns and operates a dozen hospitals. Three of the new healthcare deals won in Q4 2024 are now live.
Retail: Signed strategic pilots with multiple top U.S. fitness chains and leading home services franchises, unlocking potential for thousands of locations and positioning SoundHound Smart Answering as a leading solution for multi-unit operations.
Energy: Launched a new AI Agent to transform the customer experience of a large utilities company we signed in Q4 2024. Joined forces with PowerConnect.AI to bring voice AI agents to the more utilities businesses.
Information Technology: Renewed contracts with a Tokyo-based multinational company that offers services across various industries, and another large Tokyo-based company that delivers IT services, system integration, cloud computing, and information security.
Telecom: Renewed contracts with a large British multinational telecommunications company, helping to power its employee IT support desk with our best-in-class AI agents.
Travel and Hospitality: Signed a deal with the leading luxury resort developer in Latin America, offering an AI agent concierge for inbound and outreach services. The company also expanded with one the largest hotel chains in the world offering full-service hotels and resorts.
Financial Services: Continued traction with some of the largest financial institutions in the world, including significant renewals across four financial institutions. Also signed one of the one of world's largest insurance companies in Europe.
Channel Partners: Worked together with channel partners, winning a large global agriculture OEM, a global tax preparation company, and a North American travel and hospitality company. Additionally, the company expanded with a large systems integrator and renewed with a large Japan-based multinational IT and services corporation with reseller agreements.
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