Overview
- SoundHound announced a distribution agreement with Telarus to bring its Amelia 7 AI Agent and Autonomics platforms to enterprise customers across sectors such as healthcare and finance.
- Shares have rebounded sharply in recent months, including a 282% surge from April lows and additional gains following the Telarus news.
- The company reported 217% year-over-year revenue growth to $42.7 million in Q2 and cites a roughly $1.2 billion backlog spanning multiple industries.
- Management targets adjusted EBITDA breakeven by late 2025 as it scales deployments in restaurants, autos, and broader enterprise channels.
- Wall Street’s one-year median price target stands near $16 with concerns about valuation around 53 times sales, and investors are watching Nov. 6 for updates on backlog conversion and growth.