---
schema_version: "secwatch.filing_event.v1"
accession: "0001840856-23-000042"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:49:17.610230+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI Q2 revenue +42% to $8.8M, adjusted EBITDA loss narrows 50% to $9.9M

## Summary
- Revenue $8.8M vs $6.2M YoY (+42%); gross margin 79% vs 60%, up ~1,900 bps.
- Net loss per share ($0.10) vs ($0.19); operating loss improved 43% to $16.4M.
- Adjusted EBITDA loss ($9.9M) vs ($20.0M), improving 50%; cash $130M at quarter end.
- Guidance reaffirmed: FY2023 revenue $43-50M, expects adjusted EBITDA positive in Q4.
- Business highlights: generative AI foundation model training; White Castle drive-thru expansion to 100+ lanes.

## SEC filing metadata
- accession: 0001840856-23-000042
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000042/0001840856-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000042/soun-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840856-23-000042
- JSON: https://secwatch.observer/filing/0001840856-23-000042.json
- Plain text: https://secwatch.observer/filing/0001840856-23-000042.txt

## Key facts
- Earnings Releases
  SOUNDHOUND AI, INC. reported second quarter ended June 30, 2023 results: revenue $8.8 million, net income $21.9 million, EPS $(0.10). Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $8.8 million
  - Net income: $21.9 million
  - EPS: $(0.10)
  - Guidance: reaffirmed
  - Result: reported results
  source text: to create the first of its kind, multimodal foundation model, supporting speech-to-meaning and enabling incredible new experiences.” Financial Highlights • Reported revenue was $8.8 million, an increase of 42% year-over-year • Gross margin was 79%, an improvement of approximately 1,900 basis points compared to 60% in the prior year • Operating loss was $16.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000042/0001840856-23-000042-index.htm

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