Overview
- SoundHound announced a distribution partnership with Telarus to roll out the Amelia 7 AI Agent and Autonomics platforms to enterprise customers through Telarus’s global network, with initial focus on sectors like healthcare and finance.
- SOUN shares rose about 2% on the deal announcement and added roughly 3% at Friday’s open, extending a run that has lifted the stock more than 260% over the past year.
- The company’s next catalyst is its third-quarter earnings report scheduled for Nov. 6 after the market close, with investors looking for updates on backlog conversion and revenue trajectory.
- SoundHound reported second-quarter revenue of $42.7 million, up 217% year over year, and cited a $1.2 billion backlog supporting future growth.
- The company highlights a low-latency, speech-to-meaning advantage and ongoing commercial traction, including auto partnerships with Stellantis and Hyundai and food-service deployments such as White Castle.