SOGP

MKT CAP:$69M

Sound Group Inc.

Market Cap

$69M

Technology·Software - Application·🇸🇬 Singapore·NASDAQ

Technology·Software App·🇸🇬·NASDAQ

Stock Price

$16.69+$4.95 (+42.19%)

Apr 21, 2026

Company Details

Sound Group Inc. operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest ...

CEO

Jinnan Lai

IPO Date

Jan 17, 2020

Website

soundgroupinc.com

Key Metrics TTM

Revenue

$303M

-5.2% YoY

Net Income

-$19M

EPS (Diluted)

-$3.54

Free Cash Flow

—

Revenue / Share

$57.65

Gross Margin

28.3%

Operating Margin

-7.1%

Net Margin

-6.1%

FCF Margin

—

P/S

0.2x

P/E

—

Earnings Reports

Q4 2023

Oct 31, 2024

$62M-28.0%EPS -$3.80

Q3 2023

Sep 28, 2023

$62M-24.8%EPS -$2.22

Q2 2023

Jun 28, 2023

$87M+15.0%EPS $0.51

Q1 2023

Mar 29, 2023

$92M+22.1%EPS $1.97

FY 2022

Dec 29, 2022

$319M+3.1%EPS $2.34

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$75M	$25M	$2M
Q2 21	$82M	$23M	-$5M
Q3 21	$74M	$22M	-$6M
Q4 21	$82M	$27M	$782.0K
Q1 22	$75M	$25M	$2M
Q2 22	$75M	$26M	$2M
Q3 22	$83M	$28M	$2M
Q4 22	$86M	$27M	$4M
Q1 23	$92M	$29M	$6M
Q2 23	$87M	$25M	$1M
Q3 23	$62M	$16M	-$9M
Q4 23	$62M	$16M	-$20M

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	0.3x	—
Q1 22	0.3x	—
Q2 22	0.2x	59.7x
Q3 22	0.1x	3.4x
Q4 22	0.2x	4.1x
Q1 23	0.1x	2.2x
Q2 23	0.1x	2.9x
Q3 23	0.1x	4.0x
Q4 23	0.0x	—

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+0.0%	+0.0%
Q2 22	-7.8%	-15.1%
Q3 22	+12.0%	+1.4%
Q4 22	+4.9%	+1.3%
Q1 23	+22.1%	+17.2%
Q2 23	+15.0%	+16.6%
Q3 23	-24.8%	-12.2%
Q4 23	-28.0%	-0.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 21	$10M	$3M	$9M
Q2 21	$9M	$3M	$16M
Q3 21	$11M	$4M	$13M
Q4 21	$11M	$5M	$10M
Q1 22	$10M	$3M	$9M
Q2 22	$10M	$4M	$9M
Q3 22	$11M	$4M	$10M
Q4 22	$9M	$4M	$10M
Q1 23	$11M	$3M	$9M
Q2 23	$11M	$3M	$10M
Q3 23	$12M	$4M	$9M
Q4 23	$10M	$18M	$8M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 21	—	3.3%	—
Q2 21	—	-5.2%	—
Q3 21	—	-7.1%	—
Q4 21	—	1.7%	—
Q1 22	0.0%	3.3%	3.3
Q2 22	-7.8%	3.5%	-4.3
Q3 22	12.0%	3.6%	15.6
Q4 22	4.9%	4.9%	9.8
Q1 23	22.1%	7.3%	29.4
Q2 23	15.0%	1.6%	16.6
Q3 23	-24.8%	-14.6%	-39.4
Q4 23	-28.0%	-31.3%	-59.4

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$45M	$2M	$46M
Q2 21	$72M	$235.7K	$72M
Q3 21	$75M	$0	$75M
Q4 21	$78M	$0	$78M
Q1 22	$72M	$3M	$75M
Q2 22	$85M	$0	$85M
Q3 22	$76M	$15M	$90M
Q4 22	$83M	$16M	$99M
Q1 23	$83M	$22M	$105M
Q2 23	$100M	$0	$100M
Q3 23	$88M	$0	$88M
Q4 23	$72M	$0	$72M
Q2 24	$67M	$0	$67M
Q4 24	$65M	$0	$65M
Q2 25	$74M	$0	$74M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	5M	—	—
Q2 21	5M	+7.2%	—
Q3 21	5M	+1.7%	—
Q4 21	5M	+1.1%	—
Q1 22	5M	+0.1%	+10.4%
Q2 22	5M	+0.7%	+3.8%
Q3 22	5M	+1.0%	+3.1%
Q4 22	5M	+0.5%	+2.4%
Q1 23	5M	+1.6%	+3.9%
Q2 23	5M	+1.1%	+4.3%
Q3 23	5M	+0.8%	+4.0%
Q4 23	5M	-3.5%	-0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$109.7K	563

Revenue / Employee