SoundHound AI Surges to 329th in Trading Volume with $321 Million in Shares Exchanged

On May 8, 2025, SoundHound AI (SOUN) experienced a significant surge in trading volume, with a total of $321 million in shares exchanged, marking an 110.86% increase from the previous day. This surge placed SoundHound AI at the 329th position in terms of trading volume for the day. The stock price of SoundHound AI also rose by 6.22%, marking the second consecutive day of gains and a total increase of 6.56% over the past two days.

SoundHound AI reported a record first quarter with revenue reaching $29.1 million, a 151% increase year-over-year. The company's strong financial performance was driven by a diverse customer base, with no single customer accounting for more than 10% of the revenue. This diversification highlights the company's expanding reach and growing market presence.

SoundHound AI ended the quarter with a robust cash position of $246 million and no debt, reflecting its strong financial health. The company's GAAP gross margin was 36.5%, while the non-GAAP gross margin was 50.8%. The GAAP diluted earnings per share were $0.31, and the non-GAAP diluted earnings per share showed a loss of $0.06. The GAAP net income was $129.9 million, while the non-GAAP net loss was $22.3 million. Adjusted EBITDA was $22.2 million.

SoundHound AI unveiled Amelia 7.0, a platform that enables businesses to leverage full Agentic AI with advanced voice technology. This platform represents a significant advancement, featuring smart AI agents capable of performing complex tasks with human-like interactions. The company's voice commerce solution has been integrated with dozens of restaurant brands and is running pilots with multiple automakers, including one of the world's largest automotive brands.

SoundHound AI expanded its partnership with one of the largest pizza chains in the US, providing AI solutions to thousands of locations. The company also added locations with existing brands such as Habit Burger, Casey’s, Firehouse Subs, Five Guys, White Castle, and McAlister’s. Additionally, SoundHound AI continued its expansion across Burger King UK locations in collaboration with strategic partner Acrelec.

In the automotive sector, SoundHound AI collaborated with Tencent Intelligent Mobility to bring conversational AI to the intelligent cockpits of global auto brands. The company also participated in NVIDIA GTC 2025, expanding its joint offering of SoundHound’s voice assistant leveraging generative AI on the edge running on NVIDIA Drive AGX™. In healthcare, SoundHound AI renewed or expanded contracts with three customers, including a prominent medical billing company and healthcare providers.

SoundHound AI signed strategic pilots with multiple top U.S. fitness chains and leading home services franchises, positioning its Smart Answering solution as a leading option for multi-unit operations. In the energy sector, the company launched a new AI Agent to transform the customer experience of a large utilities company. SoundHound AI also partnered with PowerConnect.AI to bring voice AI agents to more utilities businesses.

In the information technology sector, SoundHound AI renewed contracts with two large Tokyo-based companies that offer services across various industries. In the telecom sector, the company renewed contracts with a large British multinational telecommunications company, powering its employee IT support desk with AI agents. In the travel and hospitality sector, SoundHound AI signed a deal with the leading luxury resort developer in Latin America and expanded with one of the largest hotel chains in the world.

SoundHound AI continued its traction with some of the largest financial institutions in the world, including significant renewals across four financial institutions. The company also signed one of the world's largest insurance companies in Europe. Additionally, SoundHound AI worked with channel partners to win new clients, including a global agriculture OEM, a global tax preparation company, and a North American travel and hospitality company. The company also expanded with a large systems integrator and renewed with a large Japan-based multinational IT and services corporation with reseller agreements.