SoundHound AI Q3 revenue $13.3M (+19% YoY); guides Q4 $16-20M, expects adj. EBITDA positive

SOUNDHOUND AI, INC.

2023-Q3 EPS reported -$0.33 revenue$28,726,000

Revenue $13.3M, up 19% YoY and 52% sequentially; gross margin 73%.
Net loss $20.2M ($0.09 per share) vs $30.1M ($0.15) last year, improvement of 33%.
Adjusted EBITDA -$7.3M, improvement of 57% YoY; expects positive adjusted EBITDA in Q4.
Cumulative bookings backlog $341.7M, up 13% YoY.
Q4 2023 revenue guidance $16-20M; partnerships with Jersey Mike's, Krispy Kreme, Stellantis, Togg.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

SOUNDHOUND AI, INC. reported fourth quarter 2023 results: revenue $16 to $20 million. Guidance initiated.

Period: fourth quarter 2023
Revenue: $16 to $20 million
Guidance: initiated
Result: guidance update

Exact text from the filing

SoundHound expects fourth quarter 2023 revenue to be in a range of $16 to $20 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

SOUNDHOUND AI, INC. reported third quarter ended September 30, 2023 results: revenue $13.3 million, EPS $(0.09) per share. Guidance initiated.

Period: third quarter ended September 30, 2023
Revenue: $13.3 million
EPS: $(0.09) per share
Guidance: initiated
Result: reported results

Exact text from the filing

the press release is furnished as Exhibit 99.1 to this current report on Form 8-K. --- EX-99.1 (EX-99.1) --- SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today

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SOUNDHOUND AI, INC. filing history →

Source: SEC EDGAR

accession 0001840856-23-000054

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