secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001840856-23-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000184085623000054/0001840856-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000184085623000054/soun-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001840856-23-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer