Welcome to our dedicated page for Sound Group news (Ticker: SOGP), a resource for investors and traders seeking the latest updates and insights on Sound Group stock.
Sound Group Inc. (NASDAQ: SOGP) is a global AI-powered audio-centric social and entertainment company. This news page aggregates company announcements, shareholder communications, and other updates that illustrate how Sound Group develops its voice AI technologies, operates its online audio ecosystem, and manages its capital markets activities.
Readers can find news about Sound Group’s evolution from an audio content community to a real-time voice interaction platform and an AI-era voice applications company. The company’s releases describe initiatives in online audio entertainment, AI-native products for global users, and the integration of automatic speech recognition, text-to-speech, natural language understanding, and real-time audio intelligence into its offerings.
News items also cover the launch of platforms such as SoundSphereAI, which showcases the company’s voice AI capabilities, as well as collaborations like the HKUST(GZ) Information Hub - LIZHI Innovation Talent Scholarship that support AI and data science talent. Financial and capital markets updates, including unaudited financial results, share repurchase programs, special cash dividends, and related Nasdaq ex-dividend procedures, are communicated through press releases and associated Form 6-K filings.
For investors and observers of the communication services and internet content and information sector, this page provides a centralized view of Sound Group’s reported strategic direction, AI development efforts, online audio business performance, and shareholder-focused actions. Returning to this news feed allows users to follow how the company describes its progress in voice AI, audio-centric social and entertainment experiences, and its broader growth flywheel built on technology, product, and data.
Sound Group Inc. (NASDAQ: SOGP) reported its unaudited financial results for H1 2024. Net revenues decreased to RMB924.0 million (US$127.1 million) from RMB1,223.8 million in H1 2023. The company recorded a net loss of RMB36.5 million (US$5.0 million), compared to a net income of RMB59.9 million in the same period last year.
Average mobile MAUs declined to 35.7 million from 47.6 million year-over-year. Gross margin decreased to 27% from 30%. The company continued its share repurchase program, having repurchased shares worth US$1.4 million out of the authorized US$3.0 million. As of June 30, 2024, SOGP had cash and cash equivalents of RMB464.9 million (US$64.0 million).
Sound Group (NASDAQ: SOGP) has successfully regained compliance with Nasdaq's periodic filing requirement under Listing Rule 5250(c)(1), as confirmed by Nasdaq on November 1, 2024. The notification marks the closure of this compliance matter, ensuring the company's continued listing on the Nasdaq Stock Market.
Sound Group Inc. (NASDAQ: SOGP), a global audio-centric social and entertainment company previously known as LIZHI INC., has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report was filed with the SEC on October 31, 2024. The annual report, containing audited consolidated statements, is accessible on both the SEC's website and the Company's investor relations website. The Company offers to provide shareholders and ADS holders with free hard copies of the annual report upon request.
Sound Group, formerly known as LIZHI, has appointed Enrome as its independent registered public accounting firm for the fiscal year ending December 31, 2023. This decision, effective July 9, 2024, follows approval by the Company's audit committee. Enrome succeeds PricewaterhouseCoopers Zhong Tian, who will collaborate with Sound Group and Enrome to ensure a smooth transition.
Sound Group is a NASDAQ-listed (SOGP) global audio-centric social and entertainment company based in Singapore.
Sound Group (NASDAQ: SOGP) announced on May 21, 2024, that it received a notice from NASDAQ regarding non-compliance with listing rules due to late filing of its annual report on Form 20-F for the fiscal year ending December 31, 2023. The company has 60 days from the notice date (May 17, 2024) to submit a compliance plan. If accepted, NASDAQ may grant an extension until November 11, 2024. The notice does not immediately affect the company's NASDAQ listing. This disclosure follows NASDAQ's rule requiring prompt notification of deficiencies.
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