secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001213900-24-018500
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024018500/0001213900-24-018500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024018500/ea0200947-8k_sound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018500

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