SoundHound AI Inc's Q4 Revenue Growth Sparks Investor Interest
SoundHound AI Inc (NASDAQ:SOUN) reported a record quarter with an 80% increase in Q4 revenue to $17.1 million and an 80% improvement in adjusted EBITDA year-over-year. The company's bookings backlog doubled to $661 million, and its net loss decreased by 42% in Q4. Despite challenges, including ongoing investments in research and development, the company's strong financial position and robust growth projections signal a promising future in the voice AI industry.