SoundHound AI Posted a Profit in Q1, and You Probably Won't Guess the Reason Why

SoundHound AI (NASDAQ: SOUN) is an artificial intelligence (AI) company that specializes in a voice recognition platform. It has lots of potential, specifically with drive-thrus at restaurants, and its technology is helping to improve efficiency for many businesses.Recently, it reported its latest earnings numbers. And while investors expected growth, they may not have been expecting a profit, which is what SoundHound reported. It was an unadjusted profit, too.It happened as a result of a change in value, but the reason for that change is what might surprise you the most. In a bit of an ironic twist, the tech company's falling valuation actually helped its bottom line.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool