SoundHound AI Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	45.87	31.13	21.2	13.02
Revenue Growth (YoY)	47.36%	46.86%	62.84%	-
Cost of Revenue	11.31	9.6	6.59	5.86
Gross Profit	34.57	21.53	14.61	7.15
Selling, General & Admin	47.18	50.81	20.76	18.88
Research & Development	51.44	76.39	59.18	54.28
Other Operating Expenses	3.4	1.26	5.42	5.4
Operating Expenses	102.02	128.46	85.35	78.55
Operating Income	-67.45	-106.93	-70.74	-71.4
Interest Expense / Income	17.57	6.89	8.34	2.27
Pretax Income	-85.02	-113.82	-79.08	-73.67
Income Tax	3.91	2.89	0.46	0.74
Net Income	-88.94	-116.71	-79.54	-74.41
Preferred Dividends	2.77	0	0	3.18
Net Income Common	-91.71	-116.71	-79.54	-77.59
Shares Outstanding (Basic)	229	157	67	12
Shares Outstanding (Diluted)	229	157	67	12
Shares Change	45.73%	133.91%	470.93%	-
EPS (Basic)	-0.40	-0.74	-1.18	-6.59
EPS (Diluted)	-0.40	-0.74	-1.18	-6.59
Free Cash Flow	-68.66	-95.35	-66.81	-48.47
Free Cash Flow Per Share	-0.30	-0.61	-0.99	-4.11
Gross Margin	75.35%	69.16%	68.93%	54.96%
Operating Margin	-147.04%	-343.51%	-333.74%	-548.51%
Profit Margin	-199.92%	-374.93%	-375.24%	-596.06%
Free Cash Flow Margin	-149.67%	-306.30%	-315.20%	-372.33%
EBITDA	-61.79	-99.71	-61.65	-65.36
EBITDA Margin	-134.71%	-320.30%	-290.86%	-502.14%
Depreciation & Amortization	5.66	7.23	9.09	6.04
EBIT	-67.45	-106.93	-70.74	-71.4
EBIT Margin	-147.04%	-343.51%	-333.74%	-548.51%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).