Soundhound Ai, Inc. financial data

Symbol
SOUN, SOUNW on Nasdaq
Industry
Services-Prepackaged Software
Location
2093 Philadelphia Pike #1968, Claymont, DE
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Archimedes Tech Spac Partners Co (to 5/2/2022)
Latest financial report
10-Q - Q2 2024 - Aug 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 697 % +317%
Debt-to-equity 95.9 %
Return On Equity -376 %
Return On Assets -51.1 % +62%

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 332M shares +50.3%
Weighted Average Number of Shares Outstanding, Diluted 332M shares +50.3%

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 17.2M USD +87.6%
Research and Development Expense 56.1M USD -16%
Selling and Marketing Expense 20.1M USD -13.8%
General and Administrative Expense 34.4M USD +11.6%
Costs and Expenses 133M USD -0.71%
Operating Income (Loss) -77.4M USD +20.8%
Nonoperating Income (Expense) 741K USD +21.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -104M USD +4%
Income Tax Expense (Benefit) 4.1M USD +41.7%
Net Income (Loss) Attributable to Parent -109M USD +2.82%
Earnings Per Share, Basic -0.38 USD/shares +13.6%
Earnings Per Share, Diluted -0.38 USD/shares +13.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 200M USD +72.9%
Other Assets, Current 3.95M USD +188%
Assets, Current 224M USD +76.5%
Deferred Income Tax Assets, Net 10K USD -81.8%
Property, Plant and Equipment, Net 4.87M USD
Operating Lease, Right-of-Use Asset 4.3M USD -33.8%
Intangible Assets, Net (Excluding Goodwill) 13.1M USD
Goodwill 6.04M USD
Other Assets, Noncurrent 1.49M USD +68.8%
Assets 267M USD +69.2%
Accounts Payable, Current 4.26M USD +125%
Employee-related Liabilities, Current 6.38M USD -46.1%
Accrued Liabilities, Current 13.1M USD -2.68%
Contract with Customer, Liability, Current 2.93M USD -36.4%
Liabilities, Current 25.5M USD +5.83%
Contract with Customer, Liability, Noncurrent 3.77M USD -8.55%
Accrued Income Taxes, Noncurrent 2.28M USD
Deferred Income Tax Liabilities, Net 13K USD
Operating Lease, Liability, Noncurrent 2.18M USD -50.1%
Other Liabilities, Noncurrent 4.57M USD +14.2%
Liabilities 42.7M USD -64.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax 205K USD +607%
Retained Earnings (Accumulated Deficit) -663M USD -19.6%
Stockholders' Equity Attributable to Parent 224M USD +480%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 28.2M USD
Liabilities and Equity 267M USD +69.2%

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 201M USD +55.1%
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 2.29M USD -20.7%
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 886M USD +56.1%
Preferred Stock, Shares Outstanding 0 shares -100%
Amortization of Intangible Assets 621K 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 7.25M USD +27.3%
Interest Expense 22.1M USD +342%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%