secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K/A
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001213900-22-027593
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundHound AI reports Legacy Q1 2022 revenue $4.29M, net loss widens to $25.1M
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- Revenue of $4.29M, up 15% YoY from $3.74M; net loss widened to $25.1M from $19.3M.
- Cash and equivalents $8.2M; accumulated deficit $411.8M as of March 31, 2022.
- Operating loss of $20.7M; R&D expense $16.7M (66% of operating expenses).
- Business Combination closed Apr 26, 2022, providing net proceeds of ~$93M.
- Four customers accounted for 59% of Q1 2022 revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022027593/0001213900-22-027593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022027593/ea159833-8ka1_soundhound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-027593

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer