8-K
filed March 7, 2023, 6:59 PM ET
ticker SOUN
CIK 0001840856
earnings
confidence high
sentiment positive
materiality 0.75
SoundHound AI Q4 revenue $9.5M (+84% YoY), guides 2023 revenue $43-50M
SOUNDHOUND AI, INC.
- Q4 revenue $9.5M, up 84% YoY; full-year 2022 revenue $31.1M, up 47% YoY.
- Q4 GAAP net loss ($0.15)/share vs ($0.32) prior year; full-year ($0.73) vs ($1.18).
- Cumulative bookings backlog $331.5M at Dec 2022, up 59% YoY.
- Guides 2023 revenue $43-50M (~50% growth); expects adjusted EBITDA positive in Q4 2023.
- Cash $9.2M at year-end; raised $25M net in Jan 2023 equity financing.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SOUNDHOUND AI, INC. reported 2023 results: revenue revenue by approximately 50% in 2023. Guidance initiated.
- Period
- 2023
- Revenue
- revenue by approximately 50% in 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
the Company expects to grow its revenue by approximately 50% in 2023. SoundHound’s guidance for revenue in 2023 is expected to be in a range of $43 to $50 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
SOUNDHOUND AI, INC. reported full year 2022 results: EPS Full year earnings per share was a net loss of ($0.73), compared to ($1.18) in the prior year. Net loss was ($115.3) mil.
- Period
- full year 2022
- EPS
- Full year earnings per share was a net loss of ($0.73), compared to ($1.18) in the prior year. Net loss was ($115.3) mil
- Result
- reported results
Exact text from the filing
Full year revenue was $31.1 million, an increase of 47% year-over-year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
SOUNDHOUND AI, INC. reported full year 2022 results: EPS Full year earnings per share was a net loss of ($0.73), compared to ($1.18) in the prior year. Net loss was ($115.3) mil.
- Period
- full year 2022
- EPS
- Full year earnings per share was a net loss of ($0.73), compared to ($1.18) in the prior year. Net loss was ($115.3) mil
- Result
- reported results
Exact text from the filing
Full year earnings per share was a net loss of ($0.73), compared to ($1.18) in the prior year. Net loss was ($115.3) million, compared to ($79.5) million in the prior year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
SOUNDHOUND AI, INC. reported fourth quarter and full year 2022 results: EPS Fourth quarter earnings per share was a net loss of ($0.15), compared to ($0.32) in the prior year. Net loss was ($30.7).
- Period
- fourth quarter and full year 2022
- EPS
- Fourth quarter earnings per share was a net loss of ($0.15), compared to ($0.32) in the prior year. Net loss was ($30.7)
- Result
- reported results
Exact text from the filing
Fourth quarter revenue was $9.5 million, an increase of 84% year-over-year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
SOUNDHOUND AI, INC. reported fourth quarter and full year 2022 results: EPS Fourth quarter earnings per share was a net loss of ($0.15), compared to ($0.32) in the prior year. Net loss was ($30.7).
- Period
- fourth quarter and full year 2022
- EPS
- Fourth quarter earnings per share was a net loss of ($0.15), compared to ($0.32) in the prior year. Net loss was ($30.7)
- Result
- reported results
Exact text from the filing
Fourth quarter earnings per share was a net loss of ($0.15), compared to ($0.32) in the prior year. Net loss was ($30.7) million, compared to ($21.8) million in the prior year
View on SEC.gov
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