Overview
- SoundHound announced a distribution agreement with Telarus to offer its Amelia 7 AI Agent and Autonomics platforms to enterprise customers across sectors such as healthcare and finance.
- Shares rose about 2% on the Telarus news and added roughly 3% at the next market open, extending a months‑long rebound in the stock.
- The company reports results on Nov. 6 after the market close, with investors looking for updates on revenue acceleration and progress converting a large backlog into deployments.
- Second‑quarter revenue jumped 217% year over year to $42.7 million, supported by its low‑latency speech‑to‑meaning technology used in drive‑thru ordering and automotive voice interfaces.
- Analysts’ one‑year median price target stands at $16 and the stock trades near 53 times sales, while some investors speculate about a potential stock split following the rally.