SoundHound AI To Report Q2 2023 Financial Results

SoundHound AI, Inc., (Nasdaq: SOUN) a high-profile player in the voice AI industry, has announced plans to disclose its Q2 2023 financial results on August 8, 2023 through a conference call and webcast, hosted by Co-Founder and CEO Keyvan Mohajer and CFO Nitesh Sharan.

The company’s financial status as of June 30, 2023, showed a solid standing with approximately $130 million in total cash. To ensure future financial stability, SoundHound AI has filed for a three-year shelf registration statement. This strategic financial move will secure the company’s capital requirements for the next three years.

SoundHound AI is renowned for handling billions of interactions annually, providing voice AI solutions to a diverse range of industries. The company’s technology includes the Houndify voice AI platform, the Hound voice search & assistant app, and the SoundHound music recognition app. These platforms have set the company apart in the competitive AI landscape.

Despite its achievements, SoundHound AI acknowledges the potential risks and uncertainties that the future may hold. These include challenges posed by the ongoing COVID-19 pandemic and stiff competition in the AI industry. The company is, however, committed to navigating these hurdles to maintain its industry lead.

Prior to the upcoming disclosure, SoundHound Inc. released its Q2 2021 financial results and key performance indicators on August 15, 2021. After the announcement, the company’s management engaged in a conference call where they discussed recent business developments and future prospects. This open communication tradition is set to continue with the forthcoming Q2 2023 financial announcement, reinforcing SoundHound AI’s commitment to transparency and stakeholder engagement.

About SoundHound AI

SoundHound AI, a global leader in conversational intelligence, offers voice AI solutions that let businesses offer incredible conversational experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, a real-time, multimodal customer service interface. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses.

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SoundHound AI To Report Q2 2023 Financial Results

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