SoundHound AI Q4 revenue $17.1M (+80% YoY); backlog $661M; FY24 outlook $63-77M

SOUNDHOUND AI, INC.

2023-FY EPS reported -$0.40 revenue$45,873,000

Q4 revenue $17.1M (up 80% YoY); GAAP net loss per share ($0.07) vs ($0.15) YoY.
Q4 Adjusted EBITDA loss improved 80% YoY to ($3.7M) from ($18.8M).
Full year 2023 revenue $45.9M (+47% YoY); cumulative backlog $661M, up 2x.
FY2024 revenue guidance $63-77M; FY2025 revenue >$100M with positive adj. EBITDA.
Cash ~$109M at Dec 31, 2023; current cash balance >$200M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUNDHOUND AI, INC. reported the fourth quarter and year ended December 31, 2023 results: revenue $17,147, net income ($18,003), EPS ($0.07).

Period: the fourth quarter and year ended December 31, 2023
Revenue: $17,147
Net income: ($18,003)
EPS: ($0.07)
Result: reported results

Exact text from the filing

information. 3 Fourth Quarter 2023 Financial Measures Three Months Ended (thousands, except per share data) December 31, 2023 December 31, 2022 2 Change in % Revenues $ 17,147 $ 9,501 80 % Operating expenses: Cost of revenues $ 3,911 $ 2,755 42 % Sales and marketing 4,469 6,744 -34 % Research and development 12,713 21,528 -41 % General and

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SOUNDHOUND AI, INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-018500

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