Overview

• Shares dropped about 9% on Aug. 19 and fell again on Aug. 20 with no new company catalyst, as profit‑taking and broader tech weakness weighed on trading.
• Q2 revenue came in at $42.68 million, up 217% year over year and above estimates, with an adjusted loss of 3 cents per share versus a 9‑cent loss expected.
• Management raised 2025 revenue guidance to $160 million–$178 million, and the CEO described the period as the company’s “all time strongest quarter.”
• Customer traction expanded with AI voice solutions in more than 14,000 restaurant locations and added momentum in automotive and enterprise, supported by a new agentic AI rollout.
• Ladenburg Thalmann upgraded the stock to Buy and lifted its target to $16, Wedbush raised its target to $16 with an Outperform, while Forbes highlighted ongoing risks including cash burn, a rich sales multiple, and credibility allegations.