$SoundHound AI (SOUN.US)$ downtrend has reversed
$SoundHound AI (SOUN.US)$ downtrend has reversed
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10baggerbamm : one day does not a trend make... the underlying fundamentals are terrible. they pounded the table last year that they would be cash flow positive 4th quarter that means they're earning a profit fourth quarter results revenues for less and they lost money now going forward they hope to be cash flow positive sometime in the second half of 2025 another words they will continuously lose money for the next year and a half at the very bare minimum. hence the reason for the further dilution of shareholders by their stock offering and this is the first of several that will happen between this year and next year because the shelf offering was approved by board of directors and management in the fourth quarter last year for an unlimited amount of shares to be sold they didn't cap it so whenever they want to offer stock they can print it up just like the FED prints money and devalues a dollar they're going to be devaluing shareholders.. additionally their revenue year over year is going to take an enormous drop and that's because they miscategorized the revenue they received from customers that elected to walk away and they had to pay a penalty to break a contract like Mercedes these were booked as revenue and not a one-time injection of money as a result of the cancellation. so you're every year you're now going to see a significant drop in revenue growth and as you all have seen when revenue is disappoint the stocks had lower and that's where this is going much lower
CEO of Apes : Starting to be profitable
10baggerbamm CEO of Apes : do you not understand they're nowhere's close to obtaining any level of profitability obviously you miss that last year the first thing they did in q1 was the fire 50% of their employees and this was done if you read what you didn't but if you read it was so that they would achieve fourth quarter profitability meaning cash flow positive.. every chance came on was on TV or was interviewed he said the company's objective and goals to be cash flow positive 4th quarter they didn't even come close they lost more money than was expected in their revenues were less than expected despite recording cancellations of contracts and booking them as realized revenue rather than one time money's coming in. and now they're vagone ambiguous projection is sometime in the second half of 2025 their goal is to be cash flow positive meaning they can't see the light at the end of the tunnel they're just throwing a fucking dart and they don't know where the board is let alone the wall they're just picking a point in time in history.. their patented technology is worthless I said it before and I'll stand by it they're real learning proprietary AI. which is what they talk so highly about it was already only equal to the second version of chat and now chat has its third updated version and that's why SoundHound bought a company that uses chat and closed in the fourth quarter last year because they need to incorporate chat software and make that become the primary operating platform but the problem here is Claude is going to be the 800 lb gorilla in the space. soundhounds technology is equivalent to a black and white TV sitting on the shelf at Walmart when sharp and Sony and Samsung are offering half inch thick LCD TVs.
CEO of Apes 10baggerbamm : No worries I’ll buy you a yacht too if that’s what your trying to say
MooMax88 10baggerbamm : That is a LONG comment you got there! So I gonna LONG now
10baggerbamm MooMax88 : so a company that has greater losses in earnings fall short on revenue growth has no idea whenever they're going to turn a profit continues to issue stock and dilute shareholders insider sell every rally you're telling me that you're going to use my 35 plus years of experience and use that as a contrarian so that's a buy indicator for you well good luck I'll keep an eye out in the newspaper for your funeral.
MooMax88 : You are triggered so easily here! Not good for your mental health & you better take care your health here. I will live LONGer than you here. Sayonara, #triggered!
10baggerbamm MooMax88 : I have over 35 years in investments trading I owned a broker dealer I had two dozen guys working for me so my experience has a lot of hair pulling a lot of sleepless nights many 10 baggers that's for my name came from that's 1,000% return alternatively I also have had companies that were acquired at a discount to the current price so when you think you got a stock that's bought out and cuz they use stock to buy out company they want to acquire shorts attack it and you wind up losing money I've had companies go to zero when CEOs have lied to me. keyvan I believe he's a liar cuz he lied to me when I spoke with him.and the CFO lied to me when I spoke with thim.and if they'll do it to me they'll do it to others. so I appreciate your concern about myself but I've lived this life on the front lines as an investor and a trader for going on for decades