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SoundHound AI continues operating losses and cash burn despite revenue growth

The Motley Fool +1 ·

SOUN
SOUN SoundHound AI Inc
$4.71 +1.29%
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  1. 1SoundHound AI recorded a 45% revenue growth rate, reaching $61.9 million in the recent quarter.
  2. 2SoundHound AI recorded an operating loss of $43.3 million in the recent quarter.
  3. 3SoundHound AI has lost more than 75% of its value over the past 12 months.

So what's the key point?

SoundHound AI's revenue increased to $61.9 million, but the company is still seeing losses. This means the company's value has dropped significantly because it is not making a profit.

Source The Motley Fool +1 · View original ↗

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