SoundHound AI (SOUN) reported late Thursday a Q1 non-GAAP net loss of $0.06 per diluted share, narrowing from a loss of $0.07 a year earlier.

Three analysts polled by FactSet expected a loss of $0.06.

Revenue in the three months ended March 31 rose to $29.1 million from $11.6 million a year earlier. Analysts expected $30.4 million.

The company reaffirmed 2025 revenue guidance of $157 million to $177 million. Analysts project $161.2 million.

Shares of the company fell 4.6% in after-hours trading.