SoundHound AI, Inc. (NASDAQ:SOUN) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

Scott Smith - Head, Investor Relations
Keyvan Mohajer - Chief Executive Officer
Nitesh Sharan - Chief Financial Officer

Conference Call Participants

Gil Luria - D.A. Davidson
Dan Ives - Wedbush Securities
Mike Latimore - Northland Capital Markets
Scott Buck - H.C. Wainwright
Brett Knoblauch - Cantor Fitzgerald
Glenn Mattson - Ladenburg Thalmann
Leo Carpio - Joseph Gunnar

Operator

Hello, and thank you for standing by. At this time, I would like to welcome you to the SoundHound Q2 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Scott Smith, Head of Investor Relations. Please go ahead.

Scott Smith

Good afternoon, and thank you for joining our second quarter 2024 conference call.

With me today is our CEO, Keyvan Mohajer, and our CFO, Nitesh Sharan. We will begin with some short remarks before moving to Q&A.

We would also like to remind everyone that we will be making forward-looking statements on this call. Actual results could differ materially from those suggested by our forward-looking statements. Please refer to our filings with the SEC for a detailed discussion of the risks and uncertainties that could affect our business and for discussion statements that qualify as forward-looking statements.

In addition, we may discuss certain non-GAAP measures. Please refer to today's press release for more detailed financial results and further details on the definitions, limitations, and uses of those measures and reconciliations from GAAP to non-GAAP.

Also note that the forward-looking statements on this call are based on information available to us as of today's date. We undertake no obligation to update any forward-looking statements except as required by law.

Finally, this call is being audio webcast in its entirety on our Investor Relations website. An audio replay will be available following today's call.

With that, I would like to turn the call over to our CEO, Keyvan Mohajer. Please go ahead, Keyvan.

Keyvan Mohajer

Thank you, Scott, and thank you to everyone for joining the call today.

Before getting into the quarter, I wanted to talk about the announcement we made this morning to acquire a conversational AI leader, Amelia. This transaction is a natural extension of our strategy, and we saw a great opportunity to partner with a company that we believe will accelerate our mission of voice-enabling the world with conversational intelligence. Our vision has always been to create a conversational AI platform that exceeds human capabilities, delivers value and delights end users, creates an ecosystem with billions of products, and enables innovation and monetization opportunities for product creators. Today's announcement is a continuation of that path and now is the time for such a bold move.