---
schema_version: "secwatch.filing_event.v1"
accession: "0001840856-24-000039"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:11:32.935621+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI reports record Q3 revenue $25.1M, up 89% YoY; raises FY2024 outlook to $82-85M

## Summary
- Revenue $25.1M (+89% YoY); GAAP net loss $21.8M ($0.06 loss per share); non-GAAP net loss $15.0M ($0.04 loss per share).
- Customer concentration improved: largest customer 12% of revenue vs 72% a year ago; revenue diversified across automotive, restaurants, finance, healthcare, insurance.
- GAAP gross margin 49%, non-GAAP gross margin 60%; adjusted EBITDA loss $15.9M.
- FY2024 revenue outlook raised to $82-85M; FY2025 outlook $155-175M, reflecting Amelia acquisition and new vertical expansion.
- Completed acquisition of Amelia, adding enterprise AI clients in finance, insurance, healthcare; cash and equivalents $136M at Sept 30.

## SEC filing metadata
- accession: 0001840856-24-000039
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000184085624000039/0001840856-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000184085624000039/soun-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840856-24-000039
- JSON: https://secwatch.observer/filing/0001840856-24-000039.json
- Plain text: https://secwatch.observer/filing/0001840856-24-000039.txt

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