SoundHound AI Stock Falls After Record Q1 Revenue Leaves One Big Question
SoundHound AI shares fell 12% after hours despite posting record first-quarter revenue of $44.2 million, up 52% year over year. The company reported a GAAP net loss of $25 million and confirmed its planned $43 million stock acquisition of LivePerson. SoundHound ended March with $216 million in cash and no debt.