---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-041376"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:00:11.838052+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI Q1 revenue up 73% to $11.6M, raises FY2024 revenue outlook to $65-77M

## Summary
- Q1 revenue $11.6M (+73% YoY); GAAP net loss $33.0M ($0.12 EPS loss); non-GAAP net loss $19.9M ($0.07 EPS loss).
- FY2024 revenue guidance raised to $65-77M; adjusted EBITDA loss of $15.4M in Q1.
- Ended Q1 with $226M cash; acquired SYNQ3, adding over 10,000 active restaurant locations.
- Cumulative subscriptions & bookings backlog $682M, up ~80% YoY.
- GAAP gross margin 60%; non-GAAP gross margin 66%; annualized query run rate over 4 billion.

## SEC filing metadata
- accession: 0001213900-24-041376
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000121390024041376/0001213900-24-041376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000121390024041376/ea0205675-8k_sound.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-041376
- JSON: https://secwatch.observer/filing/0001213900-24-041376.json
- Plain text: https://secwatch.observer/filing/0001213900-24-041376.txt

## Key facts
- Earnings Releases
  SOUNDHOUND AI, INC. reported first quarter 2024 results: revenue $11.6 million, net income $33.0 million, EPS $0.12. Guidance raised.
  - Period: first quarter 2024
  - Revenue: $11.6 million
  - Net income: $33.0 million
  - EPS: $0.12
  - Guidance: raised
  - Result: reported results
  source text: (PRESS RELEASE, DATED MAY 9, 2024) --- EX-99.1 2 ea020567501ex99-1_sound.htm PRESS RELEASE, DATED MAY 9, 2024 Exhibit 99.1 SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash Company Raises Full Year Revenue Outlook SANTA CLARA, Calif.--( BUSINESS WIRE )--SoundHound AI, Inc. (Nasdaq: SOUN), a global
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840856/000121390024041376/0001213900-24-041376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.