SOUN Q3 2024 Earnings — SoundHound AI, Inc. Revenue & Financial Results | Market Cap Arena

SOUNSoundHound AI, Inc.

$3B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$25M+89.1% YoY

Gross Profit

$12M48.6% margin

Operating Income

-$34M-134.6% margin

Net Income

-$22M-86.7% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+86.4%

Cash Flow

Operating Cash Flow

-$35M

Free Cash Flow

-$36M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$500M

Total Liabilities

$204M

Stockholders' Equity

$296M

Cash & Equivalents

$136M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25M	$13M	+89.1%
Gross Profit	$12M	$10M	+26.0%
Operating Income	-$34M	-$15M	-132.4%
Net Income	-$22M	-$20M	-7.7%

Revenue Segments

Hosted Services

$18M70%

Licensing

$5M18%

Professional Service

$3M11%

Geographic Segments

UNITED STATES

$13M54%

Other Countries

$8M31%

KOREA, REPUBLIC OF

$3M12%

FRANCE

$852,0003%

GERMANY

$33,0000%