AISeeking Alphaabout 3 hours ago
SoundHound AI: A Real Business, But Not A Real Bargain
1 min read
SoundHound AI carries a Strong Sell rating with a $4.25 price target. Revenue grew 52% YoY to $44.2 million in Q1, but GAAP gross margin fell to 31.1% and cash burn persists. A $300 million ATM program and dilution from the LivePerson acquisition threaten shareholder value.
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