SOUN Q2 2023 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$9M+42.2% YoY

Gross Profit

$7M79.1% margin

Operating Income

-$16M-188.4% margin

Net Income

-$23M-266.3% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+30.5%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$20M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$158M

Total Liabilities

$119M

Stockholders' Equity

$39M

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$6M	+42.2%
Gross Profit	$7M	$4M	+88.9%
Operating Income	-$16M	-$29M	+43.0%
Net Income	-$23M	-$31M	+24.0%

Revenue Segments

Professional Service

$4M50%

Hosted Services

$4M44%

Licensing

$559,0007%

Geographic Segments

GERMANY

$4M44%

GSX KOREA

$2M27%

JAPAN

$922,00011%

FRANCE

$847,00010%

UNITED STATES

$704,0008%

Other Countries

$142,0002%