SOUN Q2 2024 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$13M+53.8% YoY

Gross Profit

$8M63.0% margin

Operating Income

-$22M-163.3% margin

Net Income

-$37M-277.2% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+16.1%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$19M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$267M

Total Liabilities

$43M

Stockholders' Equity

$224M

Cash & Equivalents

$200M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$9M	+53.8%
Gross Profit	$8M	$7M	+22.6%
Operating Income	-$22M	-$16M	-33.4%
Net Income	-$37M	-$23M	-60.1%

Revenue Segments

Hosted Services

$9M64%

Licensing

$3M26%

Professional Service

$1M11%

Geographic Segments

FRANCE

$5M35%

UNITED STATES

$4M29%

KOREA, REPUBLIC OF

$4M26%

JAPAN

$922,0007%

Other Countries

$309,0002%

GERMANY

$140,0001%