SoundHound AI Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	135.61	95.26	9.25	21.63	43.69	24.63
Short-Term Investments	-	-	-	-	-	13.59
Cash & Short-Term Investments	135.61	95.26	9.25	21.63	43.69	38.22
Cash Growth	41.04%	930.39%	-57.25%	-50.50%	14.32%	-
Receivables	38.21	15.83	5.09	2.11	3.62	5.72
Prepaid Expenses	-	0.92	2.51	1.28	1.41	1.11
Restricted Cash	-	-	-	0.46	0.23	0.23
Other Current Assets	7.39	1.53	0.86	2	-	-
Total Current Assets	181.21	113.54	17.7	27.47	48.95	45.28
Property, Plant & Equipment	5.4	6.73	11.57	16.45	2.1	7.06
Other Intangible Assets	182.58	-	-	-	8.34	7
Long-Term Accounts Receivable	14.6	16.49	7.04	-	-	-
Long-Term Deferred Tax Assets	0.03	0.01	0.06	2.17	2.28	2.42
Other Long-Term Assets	4.11	14.35	1.62	3.12	1.97	2.4
Total Assets	499.65	151.12	37.99	49.2	63.64	64.16
Accounts Payable	17.76	1.65	2.8	3.76	3.34	2.16
Accrued Expenses	22.6	13.88	8.54	7.3	3.41	5.05
Short-Term Debt	-	-	16.67	45.49	-	-
Current Portion of Long-Term Debt	-	-	-	14.34	-	-
Current Portion of Leases	1.91	2.76	3.44	4.58	2.33	2.98
Current Income Taxes Payable	2.68	1.62	1.31	2.74	2.95	2.42
Current Unearned Revenue	20.1	4.31	5.81	6.04	12.08	8.19
Other Current Liabilities	5.14	-	-	3.49	0.41	0.18
Total Current Liabilities	70.18	24.22	38.57	87.74	24.52	20.99
Long-Term Debt	39.69	84.31	18.3	-	13.06	-
Long-Term Leases	2.24	3.09	5.72	8.9	1.25	3.35
Long-Term Unearned Revenue	7.57	4.91	7.54	14.96	19.2	16.73
Other Long-Term Liabilities	83.98	6.42	4.42	1.34	6.26	2.95
Total Liabilities	203.67	122.95	74.55	112.94	64.3	44.02
Common Stock	0.04	0.03	0.02	0	0	0
Additional Paid-In Capital	980.15	606.14	466.86	43.49	30.84	25.94
Retained Earnings	-684.46	-592.38	-503.44	-386.73	-307.19	-232.78
Comprehensive Income & Other	0.26	0.2	-	-	-0	-0.01
Total Common Equity	295.99	13.98	-36.57	-343.24	-276.35	-206.85
Shareholders' Equity	295.99	28.17	-36.57	-63.73	-0.66	20.14
Total Liabilities & Equity	499.65	151.12	37.99	49.2	63.64	64.16
Total Debt	43.84	90.16	44.12	73.32	16.64	6.33
Net Cash (Debt)	91.77	5.1	-34.88	-51.69	27.05	31.89
Net Cash Growth	1365.19%	-	-	-	-15.18%	-
Net Cash Per Share	0.30	0.02	-0.22	-0.77	2.30	2.75
Filing Date Shares Outstanding	369.75	309.11	219.91	12.28	11.82	11.75
Total Common Shares Outstanding	369.22	254.43	200.03	12.28	11.82	11.75
Working Capital	111.03	89.32	-20.87	-60.27	24.43	24.28
Book Value Per Share	0.80	0.05	-0.18	-27.95	-23.38	-17.60
Tangible Book Value	1.68	13.98	-36.57	-343.24	-284.69	-213.85
Tangible Book Value Per Share	0.00	0.05	-0.18	-27.95	-24.09	-18.20
Machinery	-	20.06	21.71	21.3	20.59	3.96
Construction In Progress	-	-	-	-	0.01	0.07
Leasehold Improvements	-	3.88	3.85	3.57	3.56	3.03

Source: S&P Capital IQ. Standard template. Financial Sources.