$SOUN according to my math at least 40m shares added to the float over last 2 months!! Almost 257m o/s Just sharing the facts and we shall see asap.
SoundHound’s monster stock rally cools after earnings https://t.co/xaSqk9xpal
SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4 https://t.co/rAGFde1ZOE https://t.co/60vQaTqo0y
Ahead of its earnings report, SoundHound AI ($SOUN) saw its stock price targets revised by analysts, reflecting the market's anticipation. Despite a significant 600% stock price increase over the month, the company's financials reveal a complex picture. In Q3, SoundHound AI experienced a 19% year-over-year revenue growth, which included a one-time revenue recognition from a contract modification with a Korean customer, likely Hyundai. Without this adjustment, revenue would have been down 29% year-over-year. However, the company reported an 80% revenue growth in Q4 to $17.1 million and an 80% improvement in adjusted EBITDA year-over-year. This record quarter was reported amid speculations of Nvidia being a customer and a substantial increase in shares added to the float, with at least 40 million shares added over the last two months, bringing the total outstanding shares to nearly 257 million.
