Overview
- Shares rose about 20% to $9.56 as traders positioned ahead of the company’s first-quarter report.
- SoundHound said it will post Q1 financial and operating highlights after the market closes on Thursday, May 7, followed by a conference call.
- Investors are watching for an updated outlook after CFO Nitesh Sharan left on April 3 and chief product officer James Hom took over finance on an interim basis.
- The company renewed its deal with Casey’s to power voice ordering at more than 2,600 stores after handling over 21 million guest interactions and millions of food orders.
- Stronger interest in conversational tools, highlighted by a peer’s upbeat results, has lifted sentiment going into the report, even as SoundHound remains unprofitable.