secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001213900-22-046914
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022046914/0001213900-22-046914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022046914/ea164206-8k_soundhound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-046914

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