Soundhound Ai, Inc. financial data

Symbol
SOUN, SOUNW on Nasdaq
Industry
Services-Prepackaged Software
Location
2093 Philadelphia Pike #1968, Claymont, DE
State of incorporation
DE
Fiscal year end
December 31
Former names
Archimedes Tech Spac Partners Co (to 5/2/2022)
Latest financial report
10-Q - Q3 2024 - Nov 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 514 % +110%
Debt-to-equity 71.3 % -94.4%
Return On Equity -376 %
Return On Assets -36.6 % +63%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17.5M shares
Common Stock, Shares, Outstanding 0 shares -100%
Entity Public Float 734M USD +133%
Common Stock, Value, Issued 1K USD +118%
Weighted Average Number of Shares Outstanding, Basic 360M shares +48.9%
Weighted Average Number of Shares Outstanding, Diluted 360M shares +48.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 6.15M USD -25.7%
Revenue from Contract with Customer, Excluding Assessed Tax 11.2M USD +178%
Cost of Revenue 26.5M USD +161%
Research and Development Expense 62.9M USD +4.35%
Selling and Marketing Expense 24M USD +13.5%
General and Administrative Expense 44.5M USD +58.4%
Costs and Expenses 164M USD +32.9%
Operating Income (Loss) -96.7M USD -13.5%
Nonoperating Income (Expense) 741K USD +21.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -118M USD -20.2%
Income Tax Expense (Benefit) -7.95M USD -321%
Net Income (Loss) Attributable to Parent -110M USD -8.12%
Earnings Per Share, Basic -0.35 USD/shares +7.9%
Earnings Per Share, Diluted -0.35 USD/shares +7.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 136M USD +41%
Other Assets, Current 7.39M USD +446%
Assets, Current 181M USD +65.7%
Deferred Income Tax Assets, Net 30K USD -45.5%
Property, Plant and Equipment, Net 4.87M USD
Operating Lease, Right-of-Use Asset 3.86M USD -34.1%
Intangible Assets, Net (Excluding Goodwill) 183M USD
Goodwill 112M USD
Other Assets, Noncurrent 3.3M USD +491%
Assets 500M USD +247%
Accounts Payable, Current 17.8M USD +721%
Employee-related Liabilities, Current 11M USD +39.6%
Accrued Liabilities, Current 22.6M USD +105%
Contract with Customer, Liability, Current 20.1M USD +373%
Liabilities, Current 70.2M USD +228%
Contract with Customer, Liability, Noncurrent 7.57M USD +112%
Accrued Income Taxes, Noncurrent 5M USD
Deferred Income Tax Liabilities, Net 13K USD
Operating Lease, Liability, Noncurrent 2.24M USD -38.8%
Other Liabilities, Noncurrent 4.53M USD -25.6%
Liabilities 204M USD +72.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax 262K USD +33%
Retained Earnings (Accumulated Deficit) -684M USD -19.2%
Stockholders' Equity Attributable to Parent 296M USD +1041%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 28.2M USD
Liabilities and Equity 500M USD +247%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -21.9M USD -50.9%
Net Cash Provided by (Used in) Financing Activities 143M USD +176%
Net Cash Provided by (Used in) Investing Activities -3.79M USD -25153%
Common Stock, Shares Authorized 250M shares +150%
Common Stock, Shares, Issued 0 shares -100%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 117M USD +216%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 136M USD +24.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.54M USD +230%
Deferred Tax Assets, Valuation Allowance 133M USD +18.4%
Deferred Tax Assets, Gross 134M USD +17.5%
Operating Lease, Liability 5.73M USD -36.4%
Payments to Acquire Property, Plant, and Equipment 99K USD +560%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -117M USD -46.7%
Lessee, Operating Lease, Liability, to be Paid 6.38M USD -36.5%
Property, Plant and Equipment, Gross 34.6M USD
Operating Lease, Liability, Current 1.83M USD -33.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 928K USD -71.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.25M USD -13.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) -281K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 650K USD -38.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 471K USD -48.5%
Deferred Tax Assets, Operating Loss Carryforwards 89.9M USD +13.7%
Preferred Stock, Shares Issued 0 shares -100%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 7.6M USD +23.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 471K USD +2.84%
Additional Paid in Capital 980M USD +67.3%
Preferred Stock, Shares Outstanding 0 shares -100%
Amortization of Intangible Assets 2.38M USD
Depreciation, Depletion and Amortization 4M USD -27.3%
Deferred Tax Assets, Net of Valuation Allowance 1.18M USD -36.4%
Share-based Payment Arrangement, Expense 30.6M USD +35.4%
Interest Expense 22.1M USD +342%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%