SoundHound AI Q2 2022: backlog $283M (+207% YoY), revenue $6.2M, net loss $30.7M

SOUNDHOUND AI, INC.

2022-Q2 EPS reported -$0.48 revenue$10,442,000

Cumulative bookings backlog $283M, up 207% YoY; third straight quarter of triple-digit growth.
Revenue $6.2M (+43% QoQ, but down YoY due to $4.3M one-time item in prior year).
Net loss $30.7M (EPS -$0.19) vs. $14.7M loss a year ago; cash $65M at quarter end.
FY2022 revenue guidance reaffirmed at $27M-$33M; momentum expected in H2.
New customer wins include Square, Hyundai, Stellantis, and LG; launched voice ordering for restaurants.

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