Every SoundHound AI Investor Should Keep an Eye on This Number

Artificial intelligence (AI) expert SoundHound AI (NASDAQ: SOUN) has about two decades of operating history and technology development under its belt. At the same time, it's a young company on the stock market. SoundHound AI entered the public stock market by merging with a special purpose acquisition company (SPAC) in the spring of 2022.Ten earnings reports later, the maker of AI-powered voice control systems boosted its trailing-12-month revenue from $21.8 million to $55.5 million while lowering its net loss by 70%. SoundHound AI is expanding service offerings into new target markets and stretching its customer list.That brings me to the most important number in SoundHound AI's financial results. The company has reported its backlog of order bookings from the start. Shareholders and potential investors should watch this unusual metric closely, as it provides insight into SoundHound AI's future revenue collections.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool