SoundHound AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	50.76	45.87	31.13	21.2	13.02	7.68
Revenue Growth (YoY)	51.31%	47.36%	46.86%	62.84%	69.56%	-
Cost of Revenue	14	11.31	9.6	6.59	5.86	4.52
Gross Profit	36.76	34.57	21.53	14.61	7.15	3.16
Selling, General & Admin	50.62	47.18	50.81	20.76	18.88	19.97
Research & Development	52.13	51.44	76.39	59.18	54.28	47.77
Depreciation & Amortization	0.61	-	-	-	-	-
Operating Expenses	103.36	98.62	127.2	79.94	73.16	67.74
Operating Income	-66.6	-64.05	-105.67	-65.33	-66	-64.57
Interest Expense	-22.14	-17.57	-6.89	-8.34	-2.27	-
Interest & Investment Income	4.52	2.87	0.39	0.01	0.17	0.92
Currency Exchange Gain (Loss)	-0.5	-0.5	-0.7	-0.5	0.02	-
Other Non Operating Income (Expenses)	-0.59	-1.21	-0.95	-4.92	-1.81	-0.56
EBT Excluding Unusual Items	-85.3	-80.47	-113.82	-79.08	-69.89	-64.21
Merger & Restructuring Charges	-1.17	-4.56	-	-	-	-
Other Unusual Items	-4.16	-	-	-	-3.78	-
Pretax Income	-90.64	-85.02	-113.82	-79.08	-73.67	-64.21
Income Tax Expense	3.88	3.91	2.89	0.46	0.74	0.25
Net Income	-94.52	-88.94	-116.71	-79.54	-74.41	-64.47
Preferred Dividends & Other Adjustments	2.44	2.77	-	-	3.18	-
Net Income to Common	-96.95	-91.71	-116.71	-79.54	-77.59	-64.47
Shares Outstanding (Basic)	250	229	157	67	12	12
Shares Outstanding (Diluted)	250	229	157	67	12	12
Shares Change (YoY)	30.58%	45.73%	133.91%	470.93%	1.53%	-
EPS (Basic)	-0.39	-0.40	-0.74	-1.18	-6.59	-5.56
EPS (Diluted)	-0.39	-0.40	-0.74	-1.18	-6.59	-5.56
Free Cash Flow	-76.15	-68.66	-95.35	-66.81	-48.47	-51.14
Free Cash Flow Per Share	-0.31	-0.30	-0.61	-0.99	-4.11	-4.41
Gross Margin	72.42%	75.35%	69.16%	68.93%	54.96%	41.19%
Operating Margin	-131.21%	-139.63%	-339.46%	-308.19%	-507.06%	-841.14%
Profit Margin	-186.20%	-193.88%	-	-	-	-
Free Cash Flow Margin	-150.02%	-149.67%	-306.30%	-315.20%	-372.33%	-666.17%
EBITDA	-63.53	-61.74	-101.64	-59.83	-59.97	-59.9
EBITDA Margin	-125.15%	-134.58%	-	-282.23%	-	-
D&A For EBITDA	3.08	2.31	4.04	5.5	6.04	4.67
EBIT	-66.6	-64.05	-105.67	-65.33	-66	-64.57
EBIT Margin	-131.21%	-139.63%	-	-	-	-

Source: S&P Capital IQ. Standard template.