SOUN Q3 2023 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$13M+18.6% YoY

Gross Profit

$10M72.9% margin

Operating Income

-$15M-109.5% margin

Net Income

-$20M-152.2% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+51.6%

Cash Flow

Operating Cash Flow

-$21M

Free Cash Flow

-$21M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$144M

Total Liabilities

$118M

Stockholders' Equity

$26M

Cash & Equivalents

$96M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$11M	+18.6%
Gross Profit	$10M	$9M	+12.5%
Operating Income	-$15M	-$27M	+46.3%
Net Income	-$20M	-$30M	+32.8%

Revenue Segments

Licensing

$8M61%

Hosted Services

$4M33%

Professional Service

$912,0007%

Geographic Segments

GSX KOREA

$10M72%

FRANCE

$1M8%

JAPAN

$922,0007%

Other Countries

$796,0006%

UNITED STATES

$792,0006%

GERMANY

$196,0001%