SoundHound AI, Inc. is a company operating in the Voice AI market, providing advanced voice recognition and artificial intelligence solutions. The company focuses on enabling voice-enabled interactions across various industries, including automotive, consumer electronics, and hospitality. SoundHound sells technology that allows businesses to integrate conversational AI into their products and services, enhancing user experiences.
- Product Royalties - Generates revenue from Houndified Products, which are voice-enabled tangible products across the automotive and consumer electronics industries. Revenue is based on volume, usage, or the life of the products.
- Service Subscriptions - Provides Houndified Services and Amelia services, including customer services, food ordering, content, appointments, voice commerce, autonomous business workflows, and IT systems analysis. Revenue is derived from monthly fees based on fixed fees, usage-based revenue, or revenue per user.
- Monetization - Earns revenue from the SoundHound music identification app, primarily through user ad impression revenue.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James Hom ExecutiveBoard | Chief Product Officer | None | Co-founder of SoundHound (2006), oversees product development and innovation, key contributor to Houndify Voice AI platform. | |
Dr. Keyvan Mohajer Executive | Chief Executive Officer | None | Co-founder of SoundHound (2005), technical founder with over 20 years of experience, holds 90+ patents, recognized as a “Top 40 Under 40” business leader in 2017. | View Report → |
Dr. Majid Emami Executive | Vice President of Engineering | None | Co-founder of SoundHound (2006), leads R&D in speech recognition and machine learning, holds 16 patents. | |
Michael Zagorsek Executive | Chief Operating Officer | None | Joined SoundHound in 2016, transitioned from VP of Product Marketing to COO in 2020, oversees operations, planning, and strategy. | |
Nitesh Sharan Executive | Chief Financial Officer | None | Joined SoundHound in 2021, previously held executive roles at Nike and HP, oversees financial planning, investor relations, and treasury functions. | |
Timothy Stonehocker Executive | Chief Technology Officer | None | Joined SoundHound in 2006, specializes in scalable systems and search technologies, previously worked at Amazon and A9.com. | |
Dr. Eric Ball Board | Director | General Partner at Impact Venture Capital; Chairman of the Board at CapConnect+ | Board member since 2021, extensive finance and investing experience, focuses on early-stage AI start-ups through Impact Venture Capital. | |
Larry Marcus Board | Director | Co-founder and Managing Director at Marcy Venture Partners; Managing Director at Walden Venture Capital | Board member since 2009, venture capitalist with expertise in consumer and technology investments, co-founder of Marcy Venture Partners. |
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Your gross margin declined to 49% in Q3, down year-over-year due to the impact of the business mix from recent acquisitions; can you provide more detail on how you plan to recover margins and what timeline investors should expect?
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You've guided to achieve adjusted EBITDA profitability by the end of 2025; what are the key risks that could prevent you from reaching this goal, and how are you mitigating them?
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Regarding the Amelia acquisition, can you elaborate on which parts of the acquired business you might discontinue and how that will impact your revenue growth and profitability?
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Despite stating that your capital position is strong, you've announced a new at-the-market equity program and have $39 million of debt; can you clarify your capital needs and how you plan to manage your debt and equity financing going forward?
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With your development of the Polaris foundation model, how does it benchmark against other LLMs in the market, and what competitive advantages does it provide in a crowded AI landscape?
Research analysts who have asked questions during SOUNDHOUND AI earnings calls.
Gil Luria
D.A. Davidson Companies
4 questions for SOUN
Leo Carpio
Joseph Gunnar & Co.
4 questions for SOUN
Scott Buck
H.C. Wainwright
4 questions for SOUN
Glenn Mattson
Ladenburg Thalmann & Co. Inc.
2 questions for SOUN
Mike Latimore
Northland Capital Markets
2 questions for SOUN
Thomas Blakey
Cantor Fitzgerald
2 questions for SOUN
Caden Dahl
Piper Sandler & Co.
1 question for SOUN
Vijay Devar
Northland Capital Markets
1 question for SOUN
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Customer A | Master service agreement for Houndify Cloud Services | All | • 2024: 14% of total revenue ($11.86M) • 2023: 49% of total revenue, 40% of AR ($1.62M) • 2022: 42% of total revenue |
Customer B | Master service agreement for Houndify Cloud Services | All | • 2023: 13% of total revenue |
Customer C | Master service agreement for Houndify Cloud Services | All | • 2023: 32% of AR ($1.30M) • 2022: 13% of total revenue |
Customer D | Master service agreement for Houndify Cloud Services | All | • 2022: 12% of total revenue |
Customer E | Master service agreement for Houndify Cloud Services | All | • 2023: 15% of AR ($0.61M) |
Customer F | Master service agreement for Houndify Cloud Services | All | • 2024: 23% of AR ($5.33M) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Amelia Holdings, Inc. | 2024 | SoundHound AI, Inc. completed the acquisition on August 6, 2024 with a preliminary fair value of approximately $103.9 million, including $80 million in cash/stock consideration, contingent earnouts, and the assumption of a senior secured term loan (net post-payment balance ≈ $39.7 million); the deal strategically strengthens SoundHound’s voice and conversational AI offerings across industries like healthcare, insurance, financial services, and retail. |
Immaterial Acquisition | 2024 | This immaterial acquisition, completed on June 14, 2024, involved a $1.0 million purchase consideration and net assets of $2.2 million with a recognized preliminary gain on bargain purchase of $1.2 million, driven by favorable fair values of intangible assets such as developed technology and customer relationships. |
SYNQ3 | 2024 | The acquisition of SYNQ3, closed on January 3, 2024, aimed to expand AI customer service solutions in the restaurant sector; it involved a total consideration between $15.7 million and $17.0 million through cash, shares, contingent milestone-based payments, and an indemnification holdback, thereby extending SoundHound’s market reach to over 10,000 restaurant locations. |
SoundHound, Inc. | 2022 | In 2022, SoundHound, Inc. merged with Archimedes Tech SPAC Partners Co. (a reverse recapitalization), with the transaction completed on April 26, 2022, resulting in the formation of SoundHound AI, Inc. that began trading on Nasdaq and received $113 million via a PIPE; this merger provided capital for expanding its leadership in the voice AI market. |
Recent press releases and 8-K filings for SOUN.
- SoundHound AI has developed Polaris, its own foundation model, which demonstrates 30-40% better accuracy than OpenAI's Whisper or Google, with improved speed and a smaller cost footprint. Deployment across restaurants is complete, and migration within the enterprise space is expected in quarters, not years.
- SoundHound recently acquired Interactions for an upfront consideration of $60 million, with potential for earnouts. This acquisition is expected to accelerate growth through a strong customer base, patent portfolio, and opportunities for cross-sell and upsell.
- The company has approximately 14,000 deployments in restaurants, primarily for phone ordering, and has achieved record deployment numbers for the past two to three quarters. SoundHound anticipates much greater deployment numbers in the future due to low market penetration.
- SoundHound AI has a bookings backlog of over $1 billion and aims to be a strong double-digit grower for a very long time, driven by deep penetration within its existing customer base and a massive pipeline of new opportunities.
- SoundHound AI announced the acquisition of Interactions for $60 million upfront with earnout potential, aiming to leverage its customer base and patent portfolio for faster scaling and cross-sell/upsell opportunities.
- The company is deploying Polaris, its proprietary foundation model, which offers 30-40% better accuracy at a lower cost compared to competitors like OpenAI's Whisper or Google, and is already deployed across all its restaurant solutions.
- In the restaurant vertical, SoundHound AI has reached 14,000 deployments, with a recent record of approximately 1,000 new deployments per quarter, indicating significant growth potential given the low market penetration.
- SoundHound AI is expanding its automotive business by focusing on EVs, increasing average selling price (ASP) through new product sets like GenAI integration and voice commerce, and expects to be a strong double-digit grower for a very long time with a bookings backlog exceeding $1 billion.
- SoundHound AI's new Polaris foundation model demonstrates 40%, 30%, 30%, 40% better accuracy compared to competitors like OpenAI's Whisper or Google, with better speed and lower cost, and is being deployed across all restaurants and into the enterprise space over quarters, not years.
- The company recently acquired Interactions for $60 million upfront with earnout potential, aiming to accelerate growth, expand customer reach, and leverage cross-sell/upsell opportunities in the enterprise sector.
- SoundHound AI is observing a general shift towards overall growth in recurring revenue and more usage and consumption-based models, where unit economics expand as technology usage and use cases grow.
- With approximately 14,000 deployments in restaurants, primarily through phone ordering, the company expects these numbers to be significantly higher in the future due to very small market penetration.
- SoundHound AI anticipates being a strong double-digit grower for a very long time, supported by a bookings backlog north of $1 billion and a massive pipeline, given its early stage in the burgeoning conversational AI market.
- SoundHound AI's proprietary Polaris foundation model demonstrates 30-40% better accuracy compared to OpenAI's Whisper and Google, with faster speed and lower cost, and is being deployed across enterprise solutions within quarters.
- The company recently acquired Interactions for $60 million upfront, aiming to accelerate growth through cross-sell/upsell opportunities, leveraging Interactions' customer base and patent portfolio, and realizing cost synergies.
- SoundHound AI is expanding its presence in the automotive sector with GenAI and voice commerce, and has achieved ~14,000 restaurant deployments, primarily in phone ordering, with substantial market penetration potential.
- The company maintains a strong growth outlook, supported by a bookings backlog exceeding $1 billion, with expectations to be a "strong double-digit grower" for an extended period.
- SoundHound AI experienced its strongest quarter on record, with revenue more than tripling, driven by growth in its automotive, restaurant, and enterprise AI segments.
- The company is guiding to exit the year on an adjusted EBITDA positive basis, indicating a focus on profitability while continuing to invest in growth.
- SoundHound AI has expanded its market reach through strategic acquisitions, having bought three companies last year, which enabled entry into new verticals such as financial institutions, healthcare, insurance, and military.
- The company leverages both its own foundation models, like Polaris, which outperforms competitors by 35% in accuracy and four times in latency at a lower cost, and third-party models to enhance its products.
- SoundHound AI's SoundHound Chat AI Automotive, an advanced voice assistant with integrated Generative AI, has been rolled out in North America.
- This technology is now available in vehicles from three major global automotive brands, significantly enhancing the in-car experience with state-of-the-art conversational AI capabilities.
- The launch highlights a growing demand for advanced in-vehicle voice assistants, building on SoundHound's prior in-car voice commerce agent, which has the potential to unlock up to $35 billion annually for automakers.
- SoundHound AI has formed a strategic partnership with AVANT Communications to expand the deployment of its Amelia 7.0 AI agent and Autonomics platforms across multiple industries, including financial services, insurance, retail, and healthcare.
- This alliance is expected to enhance SoundHound's market reach and revenue streams by empowering AVANT's advisors to deliver innovative AI solutions.
- SoundHound has experienced strong financial growth with over 100% revenue increase in the past year and maintains more cash than debt. Analysts have also revised earnings expectations upward.
- The Amelia acquisition significantly contributed to recent financial results, accounting for about 60% of the company's Q1 2025 revenue.
- Johnson Fistel, PLLP is investigating SoundHound AI, Inc. for potential violations of federal and state securities laws by its officers and directors.
- Shareholders who have held SoundHound shares continuously since prior to May 10, 2024, may have standing to participate in the investigation.
- The complaint alleges that SoundHound made materially false and misleading statements, specifically regarding material weaknesses in internal controls over financial reporting that impaired its ability to effectively account for corporate acquisitions.
- It is further alleged that the company overstated its remediation efforts for these weaknesses, leading to inflated goodwill from the Amelia Acquisition and an increased risk of being unable to timely file certain financial reports.
- Revenue Record: SoundHound AI reported Q1 2025 revenue of $29.1M, up 151% YoY .
- Financial Strength: Achieved GAAP net income of $129.9M and maintained a cash position of $246M with no debt .
- Strategic Initiatives: Expanded deployment of the Polaris foundation model and enhanced voice commerce, while launching the Agentic AI platform (Amelia 7.0) and forming expanded partnerships across automotive, restaurant, and enterprise segments .
- Outlook Update: Reaffirmed 2025 revenue guidance of $157M–$177M with expectations to achieve adjusted EBITDA profitability by year-end .