Revenues are forecasted to increase in the future which will bring down their cash burn. They also have aquisition costs as they aquire companies but they said in call that Amelia is their last piece of the pillar 3 puzzle. The CEO said in the call that the auto companies are happy to pay for royalties and they have Honda and hyundia. Hyundia just came out this week and said cars of the future will have a chat gpt like voice assistant. SH has 7 year contract with Hyundia so it has to be them. They also are working with YUM and MCD and by the end of the year they will most likely have news release of monster contracts as they take their voice AI global. I see Soun rising and will go with the other analysts who have all raised their price targets and also have buy ratings. Everyone should have some Soundhound in their accounts.
@HalIom-24
2 ай бұрын
maybe, but I think, after these interesting explanations, there are better investment opportunities on the planet
@ishrakk
2 ай бұрын
@SvH1975 like what?
@oztsalik
Ай бұрын
Check RKLB@@ishrakk
@jnkoa33
Ай бұрын
? Dumb response. Trying to sound so sophisticsted
@benjamingoh5966
2 ай бұрын
You have missed out on the fact that 15mil loss this quarter is for Loss on early extinguishment of debt. This is a one time loss incurred due to early debt repayment. If you remove this loss, their cash burn and operation is actually significantly improving.
@VenomFT2000
2 ай бұрын
You're certain there was a 15m charge for paying off debt early?! That's huge info, well done for realising.
@benjamingoh5966
2 ай бұрын
@@VenomFT2000 just take a look at their q2 financial release and compare with q1. I was finding it weird why loss has increased in q2 despite seeing how the operation cost was trending well in ratio to revenue.
@benjamingoh5966
2 ай бұрын
Just take a look at the Q2 vs Q1 p&l report. I was puzzled why loss increased in q2 and decided to take a closer look. The key operation cost to revenue was trending well, at this rate I wouldn't be surprised if they breakeven by end of year.
@VenomFT2000
2 ай бұрын
@@benjamingoh5966 Very well done, this is what real investing is about. Looking forward to the next report! Thank-you for sharing.
@DavidMiller-qg2xv
2 ай бұрын
You are 100% right and they also had over 7 m for stock based compensation. The professor is getting sloppy in his reviews.
@ksharp3238
Күн бұрын
What and where do you find the business reports of these companies, like the one you have shown in this video ?
@ArielGimenez-m3s
2 ай бұрын
Thank you professor, I'm big SoundHound supported hope to go high 🎉
@parkevtatevosiancfa9544
2 ай бұрын
Best of luck!
@azzystyle94
Ай бұрын
I purchased 8.5 shares. I am gling to follow this company and see what they do hefore i purchase more. AI is the next big thing to take off, so we shall see how this company plays their hand.
@Trackguy541
10 күн бұрын
You’ll never make any money buying so few shares lol
@ksmi1091
2 ай бұрын
Great video and analysis Parkev. I appreciate it!
@DanielPicone-t9c
Күн бұрын
Thanks for the insight and comprehensive breakdown. Subscribed.
@dylanrodgers6657
7 күн бұрын
Do they still have an ongoing contract with Mercedes?
@dylanrodgers6657
2 ай бұрын
Thank you Parkev! Great video as always!! Are they still a partner with Mercedes - is sound hound “stock- assembled” into those cars?
@zidane55200
2 ай бұрын
Thanks for the video, Would be great if you could make a video about Alphabet’s Monopoly case and if this will impact its share price
@parkevtatevosiancfa9544
2 ай бұрын
Noted.
@happycitizen1126
18 күн бұрын
You said Nvidia wants to buy this and i tuned out and bought more soundhound.
@SigmaSauras
2 ай бұрын
Could you please do an analysis on LAZR? Thank you
@johncollorafi257
2 ай бұрын
EPS expected, non gaap, -.08, reported -.04. Does that mean that SOUN is moving to profitability?
@박철민-v1t
2 ай бұрын
Soundhound ai. Go! Go!
@SaavyInvestor101
2 ай бұрын
Hi Parkev thanks for the video. I’m an investor of Soundhound. Would you kindly make an a video on Honest? They seem to be going in the right direction
@parkevtatevosiancfa9544
2 ай бұрын
Noted
@SaavyInvestor101
2 ай бұрын
@@parkevtatevosiancfa9544 Thank you
@Δημήτρης-η4ρ
2 ай бұрын
Parkev, what was behind the Amelia anounchement on the day of the anouncment erarnings?
@Bravo6205-nd5pb
2 ай бұрын
Thank you I was going to buy more shares before watching your detailed information. I will hold! 😊
@Rockers1121
2 ай бұрын
I bought sound at an average of 2.04 ... i didnt buy much,.. I only have 45 shares. I should have bought more. I would think that Sound Hound is very aware of what is going on with their spending vs. growth situation..... i dont see it going down below 4 dollars any time soon ... it will be an expensive buy soon (i hope) ... if people keep holding, the opportunity to make any significant money on this stock, could be lost? ... idk .... maybe im wrong. It could stay at the price range it's at for quite some time it too, it definitely seems volitale but its stayed close to 5.00 for awhile now despite fluctuating ........ im not a stock expert ... i just see the potential for sound hound to be a good investment. ...
@NealIRC
2 ай бұрын
So it will hit $11?
@shachin1012
2 ай бұрын
Waiting for your celsius holdings update prof! Its beaten after a good quaterly results.
@hameedjafar7988
2 ай бұрын
I just hope it goes up to $7 so I can sell my shares. ty professor
@moonboy5851
2 ай бұрын
Bro just get out now
@TravelGuy9834
2 ай бұрын
@moonboy5851 right? Soun is a shit stock. I have studied stocks for quite sometime now and I can tell a good stock from a bad stock and Soun is a pretty shitty stock to invest in. Even for long-term.
@micky100
2 ай бұрын
@@TravelGuy9834can you please explain more in detail? I’m kind of into it but still concerned to make a first approach due to controverse opinions..
@arifualtaye-e5w
2 ай бұрын
Inflation is measured by the average percentage increase in daily purchase prices and is estimated by the retail index RPI. Therefore, any investment must grow at a rate equal to inflation.
@stephenrose850
2 ай бұрын
The cash flow number is for the six months ended 6/30 not for the quarter ended 6/30.
@johnc7057
2 ай бұрын
Thank you so much for your video. Can you do a video on extreme network (extr)? OP
@moonboy5851
2 ай бұрын
Amelia is working with the US Navy. But that was over 12 months ago so maybe it didn’t work out
@macoveivasile75
2 ай бұрын
Thank you!
@parkevtatevosiancfa9544
2 ай бұрын
Welcome!
@Kevin_Harte
2 ай бұрын
all your stock picks on your previous list are down on average 30 percent on my etoro virtual account
@adamasimolowo8285
25 күн бұрын
Stock names?
@jnkoa33
2 ай бұрын
Great job. Pizza.
@parkevtatevosiancfa9544
2 ай бұрын
Glad you enjoyed it
@maximusprimed-d6u
2 ай бұрын
Thanks for the great video!
@parkevtatevosiancfa9544
2 ай бұрын
Glad you liked it!
@박철민-v1t
2 ай бұрын
I hope you'll be with McDonald's.
@derekwillstard3613
2 ай бұрын
It’s a meme stock, cmon
@Saucingalot
2 ай бұрын
How
@derekwillstard3613
2 ай бұрын
@@Saucingalot just have a look at the price action, which is typical of a meme stock
@Hottopicsdaily2360
2 ай бұрын
Back up your claim
@dododada2755
2 ай бұрын
That's what everybody said about palantir too... They are just riding the AI wave It is not like that, palantir is the real big data hence AI play, and soundhound is gaining market. Little loss now, but, payed of debt early and bought a company. It is by no means a memestock, it just got a little memeboost when nvidia disclosed a small, longstanding position. Apart from that, nothing meme about it IMO
@derekwillstard3613
2 ай бұрын
@@dododada2755 the fact that “meme” was wrongly used for PLTR does not logically imply that SOUN is not so. The price action was that of a meme stock, as you actually recognize, and the boost coming from NVDA was not small. Moreover, the management was very active in trying to gain any advantage from that situation, which is another hallmark of a meme stock. Financially, performance is improving but it’s disproportionate low if compared to the media attention SOUN gets. Finally, and in turn, KZitemrs are keen to devote attention to this sort of stocks because they increase visualizations and subscriptions.
@MrGchernetz
2 ай бұрын
Sound Hound is NOT a good investment. There are companies in Israel doing AI voice that is interactive with the user . This is not a single unique company doing the voice AI thing so they are not a company that can demand a high price.
@Rockers1121
2 ай бұрын
What companies ?
@vtatarovic
6 күн бұрын
Who are this , other company , so we can compare
@ronmatthews2164
2 ай бұрын
Thanks Professor for another awesome video about a stock I am interested in. ❤😂🎉
@parkevtatevosiancfa9544
2 ай бұрын
More to come!
@moonboy5851
2 ай бұрын
Sadly they had bad earnings - losing money hand over fist. Growing losses each quarter. I’m deep in SOUN but it is concerning :(
@eattrip6973
2 ай бұрын
Are u serious 😂
@moonboy5851
2 ай бұрын
@@eattrip6973 yes I am deep in sound. Seriously.
@shenshenu1773
2 ай бұрын
this is normal at their stages. they are growing at the top line and getting market shares. these are what it matters now
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