Every SoundHound AI Stock Investor Should Keep an Eye on This Number

SoundHound AI (NASDAQ: SOUN) is one of the hottest stocks in the world, up roughly 800% over the past year thanks to surging demand and interest surrounding its conversational artificial intelligence (AI) technologies. These offerings are already being used at significant scale by customers in the automotive and restaurant industries, and the company is looking to expand its position in other categories, including healthcare and financial services.In last year's third quarter, the business saw its revenue increase 89% year over year to reach $25.1 million. The company also raised its full-year sales guidance for 2024 and 2025. It now expects sales for last year to come in between $82 million and $85 million, and it anticipates revenue between $155 million and $175 million in the current year.So even though SoundHound projects annual revenue growth of roughly 82% in 2024, management actually expects that growth will accelerate and roughly double this year. But while sales growth will be a key factor in SoundHound AI's stock performance, there's another key metric investors need to keep an eye on. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool