SOUN Q1 2023 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$7M+56.3% YoY

Gross Profit

$5M70.5% margin

Operating Income

-$25M-375.8% margin

Net Income

-$27M-409.0% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-29.4%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$14M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$73M

Total Liabilities

$70M

Stockholders' Equity

$2M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$4M	+56.3%
Gross Profit	$5M	$3M	+88.0%
Operating Income	-$25M	-$21M	-21.7%
Net Income	-$27M	-$25M	-9.3%

Revenue Segments

Hosted Services

$5M72%

Professional Service

$2M25%

Licensing

$179,0003%

Geographic Segments

GSX KOREA

$2M34%

GERMANY

$2M27%

JAPAN

$937,00014%

UNITED STATES

$786,00012%

FRANCE

$730,00011%

Other Countries

$207,0003%