SoundHound AI, Inc. (Nasdaq: SOUN) shares rallied after the voice and agentic AI company reported a 45% jump in second-quarter revenue and expanding enterprise deal activity. The stock is trading at 7.20 +0.77 (+11.90%) on volume of over 20 Million shares, with a morning high of $8.19. Second quarter reported revenue was $61.9 million, an increase of 45% year-over-year. Second quarter GAAP gross margin was 45.1%; non-GAAP gross margin was 58.4%. Second quarter adjusted EBITDA was a loss of ($9.6) million. Second quarter GAAP net loss was ($42.8) million; non-GAAP net loss was ($9.0) million. Second quarter GAAP earnings per share was a loss of ($0.10); non-GAAP earnings per share was a loss of ($0.02). CEO and Co-Founder Keyvan Mohajer said Q2 revenue is now 10 times what it was when the company debuted as a public company in Q2 2022. Interim CFO and Co-founder James Hom attributed growth to signing major enterprise AI deals attributed to OASYS. Business highlights include signing a 7-figure deal with a nationally ranked healthcare system with 30,000 employees, winning Champion Payer Solutions, a California-based managed care management services company, and winning new business with existing U.S. healthcare