---
schema_version: "secwatch.filing_event.v1"
accession: "0001840856-23-000025"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:49:18.571465+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 56% to $6.7M; gross margin 71%; reaffirms FY guidance $43-50M

## Summary
- Revenue $6.7M (+56% YoY); gross margin 71% (up from 59%); net loss per share ($0.13) vs ($0.36) YoY.
- Adjusted EBITDA loss ($14.8M), improved 21% sequentially and 13% YoY.
- Cash $46.3M; raised over $150M YTD through April via equity and $100M debt.
- Reaffirms FY2023 revenue guidance $43-50M; expects adjusted EBITDA positive in Q4 2023.
- Launched SoundHound Chat AI with ChatGPT; partnerships with Oracle MICROS and Toast.

## SEC filing metadata
- accession: 0001840856-23-000025
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2023-05-11T23:59:59+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/1840856/000184085623000025/0001840856-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000025/soun-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840856-23-000025
- JSON: https://secwatch.observer/filing/0001840856-23-000025.json
- Plain text: https://secwatch.observer/filing/0001840856-23-000025.txt

## Key facts
- Earnings Releases
  SOUNDHOUND AI, INC. reported first quarter ended March 31, 2023 results: revenue $6.7 million, net income Net loss of ($26,369) thousand, EPS ($0.13). Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $6.7 million
  - Net income: Net loss of ($26,369) thousand
  - EPS: ($0.13)
  - Guidance: reaffirmed
  - Result: reported results
  source text: today, and it’s one of many ways we’re helping new and existing customers build game-changing consumer experiences.” Financial Highlights • First quarter reported revenue was $6.7 million, an increase of 56% year-over-year • First quarter gross margin was 71%, an improvement of approximately 1,200 basis points compared to 59% in the prior year • First quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000025/0001840856-23-000025-index.htm

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