SoundHound AI, Inc. (SOUN) Q3 2024 Earnings Call Transcript Summary
SoundHound AI, Inc. (SOUN) Q3 2024 Earnings Call Transcript Summary
Operating loss for Q3 was $33.8 million, with a net loss of $21.8 million. Non-GAAP EPS loss was $0.04.The following is a summary of the SoundHound AI, Inc. (SOUN) Q3 2024 Earnings Call Transcript:
以下是SoundHound AI, Inc. (SOUN) 2024年第三季度業績發佈會的總結：
Financial Performance:
財務表現：
SoundHound AI, Inc. reported a significant increase in Q3 revenue, up 89% year-over-year, reaching over $25 million.
The company's gross margin was 49%, down year-over-year, primarily due to the business mix from recent acquisitions. Adjusted non-GAAP gross margin stood at 60%.
Operating loss for Q3 was $33.8 million, with a net loss of $21.8 million. Non-GAAP EPS loss was $0.04.
The company announced a new at-the-market equity program and has a strong cash position of $136 million, with $39 million of debt remaining outstanding.
SoundHound AI, Inc.報告了第三季度營業收入顯著增長，同比增加89%，超過2500萬美金。
公司的毛利率爲49%，同比下降，主要是由於最近收購的業務組合。調整後的非GAAP毛利率爲60%。
第三季度運營虧損爲3380萬美金，淨虧損爲2180萬美金。非GAAP每股收益虧損爲0.04美金。
公司宣佈了一項新的市場上股票計劃，並擁有13600萬美金的強勁現金儲備，剩餘債務爲3900萬美金。
Business Progress:
業務進展：
Expanded AI agent customer service solutions, significantly increasing enterprise customer brands in industries like financial services and healthcare.
Grew partnerships in China and began a new venture with VE Commercial trucks in India, adding Hindi language capabilities.
Planning to showcase several automotive technologies and AI solutions at CES 2025, including work with NVIDIA to bring voice generative AI to the edge.
擴展了人工智能代理客戶服務解決方案，顯著增加了在金融服務和醫療行業的企業客戶品牌。
在中國擴大了合作伙伴關係，並在印度與VE商用卡車開始了一項新的創業公司，增加了印地語語言能力。
計劃在2025年消費電子展上展示多種汽車技術和人工智能解決方案，包括與英偉達合作將語音生成人工智能帶到邊緣。
Opportunities:
機會：
Continuing expansion into automotive, AI agents, and restaurant businesses.
Anticipate significant revenue synergies, expecting to drive opportunities for upsell and cross-sell across the full portfolio.
Entered new verticals and geographic markets, inclusive of the Chinese and Indian markets, with plans to expand further.
繼續擴展到汽車、人工智能代理和餐飲業務。
預期獲得顯著的營業收入協同效應，預計將推動全產品組合的追加銷售和交叉銷售機會。
進入新的垂直領域和地理市場，包括中國和印度市場，並計劃進一步擴展。
Risks:
風險：
The acquired businesses weigh on gross margins despite providing valuable enterprise-grade data assets. However, the company anticipates margin recovery as synergies are realized.
Acknowledgment of changes in reliance on major customers, with customer concentration risk reducing.
儘管收購的業務對毛利率產生壓力，但提供了有價值的企業級數據資產。然而，公司預計在實現協同效應後，毛利率將恢復。
確認對主要客戶依賴的變化，客戶集中風險正在降低。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更全面的細節，請參閱IR網站。 文章僅供投資者參考，不構成任何指導或推薦建議。
譯文內容由第三人軟體翻譯。
