SOUN Q1 2024 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$12M+72.9% YoY

Gross Profit

$7M59.7% margin

Operating Income

-$29M-246.1% margin

Net Income

-$33M-284.7% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-32.4%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$22M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$287M

Total Liabilities

$132M

Stockholders' Equity

$155M

Cash & Equivalents

$212M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12M	$7M	+72.9%
Gross Profit	$7M	$5M	+46.4%
Operating Income	-$29M	-$25M	-13.2%
Net Income	-$33M	-$27M	-20.3%

Revenue Segments

Hosted Services

$9M78%

Professional Service

$1M13%

Licensing

$1M10%

Geographic Segments

UNITED STATES

$4M32%

KOREA, REPUBLIC OF

$3M29%

FRANCE

$3M22%

Other Countries

$973,0008%

JAPAN

$923,0008%