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Why SoundHound AI Stock Skyrocketed 85% in November
//stocks-investing.news-articles.net/content/202 .. ndhound-ai-stock-skyrocketed-85-in-november.html
Published in Stocks and Investing on Thursday, December 5th 2024 at 14:01 GMT by The Motley Fool
Published in Stocks and Investing on Thursday, December 5th 2024 at 14:01 GMT by The Motley Fool

In Q3, SoundHound's revenue soared by 89% year over year to a record $25 million. But acquisitions hit the company's profit margins. Its gross margin dropped to 49% compared to 73% in the prior-year period. Therefore, while revenue was skyrocketing, its gross profit was up a less impressive 26%. And its net loss actually widened.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/04/why-soundhound-ai-stock-skyrocketed-85-in-november/ ]
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