SoundHound AI, Inc. (SOUNW) Financials

NASDAQ Currency in USD Disclaimer

$12.91

south_east -$2.84 (-18.02%)
Day's range
$12.51
Day's range
$16.2

SOUNW Income statement / Annual

Last year (2023), SoundHound AI, Inc.'s total revenue was $45.87 M, an increase of 47.36% from the previous year. In 2023, SoundHound AI, Inc.'s net income was -$88.94 M. See SoundHound AI, Inc.�s key income statements, including revenue, expenses, profit, and income.

Period FY-2023 FY-2022 FY-2021 FY-2020 FY-2019
Period Ended 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Operating Revenue $45.87 M $31.13 M $21.20 M $13.02 M $7.68 M
Cost of Revenue $11.31 M $9.60 M $6.59 M $5.86 M $4.52 M
Gross Profit $34.57 M $21.53 M $14.61 M $7.15 M $3.16 M
Gross Profit Ratio 0.75 0.69 0.69 0.55 0.41
Research and Development Expenses $51.44 M $76.39 M $59.18 M $54.28 M $47.77 M
General & Administrative Expenses $28.29 M $30.18 M $16.52 M $14.14 M $14.58 M
Selling & Marketing Expenses $18.89 M $20.37 M $4.24 M $4.74 M $5.39 M
Selling, General & Administrative Expenses $47.18 M $50.55 M $20.76 M $18.88 M $19.97 M
Other Expenses $4.56 M $32,000.00 -$502,000.00 $17,000.00 $0.00
Operating Expenses $103.17 M $126.94 M $79.94 M $73.16 M $68.30 M
Cost And Expenses $114.48 M $136.54 M $86.52 M $79.02 M $72.81 M
Interest Income $2.87 M $390,000.00 $7,000.00 $168,000.00 $919,000.00
Interest Expense $17.57 M $6.89 M $8.34 M $2.27 M $0.00
Depreciation & Amortization $2.31 M $4.04 M $9.09 M $6.04 M $4.67 M
EBITDA -$65.14 M -$102.89 M -$61.65 M -$65.36 M -$59.90 M
EBITDA Ratio -1.42 -3.14 -2.68 -4.59 -7.8
Operating Income Ratio -1.5 -3.39 -3.08 -5.07 -8.41
Total Other Income/Expenses Net -$16.42 M -$8.15 M -$13.76 M -$7.67 M $360,000.00
Income Before Tax -$85.02 M -$112.48 M -$79.08 M -$73.67 M -$64.21 M
Income Before Tax Ratio -1.85 -3.61 -3.73 -5.66 -8.36
Income Tax Expense $3.91 M $2.89 M $456,000.00 $738,000.00 $253,000.00
Net Income -$88.94 M -$115.37 M -$79.54 M -$74.41 M -$64.47 M
Net Income Ratio -1.94 -3.71 -3.75 -5.72 -8.4
EPS -0.4 -0.73 -1.18 -1.07 -5.56
EPS Diluted -0.4 -0.73 -1.18 -1.07 -5.56
Weighted Average Shares Out $229.26 M $157.32 M $67.26 M $69.60 M $11.60 M
Weighted Average Shares Out Diluted $229.26 M $157.32 M $67.26 M $69.60 M $11.60 M
Link