SoundHound Earnings Reports

SoundHound AI delivered an exceptional Q4 2024 performance, achieving record revenue of $34.5 million, a 101% increase compared to the previous year. Despite strong topline growth, the company reported a GAAP net loss of $258.6 million, largely impacted by non-cash fair value adjustments. Adjusted EBITDA stood at -$16.8 million, reflecting continued investment in AI-driven voice solutions. The company ended the quarter with a strong cash position of $198 million and no debt.

SoundHound AI reported a record third quarter revenue of $25.1 million, an 89% increase year-over-year. The company has expanded into new verticals and diversified its customer base, with significant contributions from automotive, restaurants, financial services, healthcare, and insurance sectors.

SoundHound AI reported a 54% year-over-year revenue increase, reaching $13.5 million in Q2 2024. The company's cash balance stands at $201 million. They also acquired Amelia, an enterprise conversational AI leader, to expand into new verticals.

SoundHound AI reported a 73% increase in revenue to $11.6 million for Q1 2024. The company's total cash was $226 million at the end of the quarter and is raising its full year revenue outlook to be in the range of $65 to $77 million.

SoundHound AI reported a record third quarter with revenue increasing to $13.3 million, a 52% sequential increase and a 19% year-over-year increase. The company also saw a 57% improvement in adjusted EBITDA year-over-year.

SoundHound AI reported a 42% increase in revenue year-over-year to $8.8 million for Q2 2023. The company's gross margin improved significantly to 79%, and operating and net losses decreased by 43% and 28% respectively. SoundHound also strengthened its balance sheet with approximately $130 million in total cash.

SoundHound AI reported an 84% increase in Q4 revenue year-over-year, reaching $9.5 million. The company's gross margin increased to 71%, and although the company experienced a net loss, they anticipate revenue growth of approximately 50% in 2023 and expect to become adjusted EBITDA positive in Q4 2023.