SOUNDHOUND AI INC

For the period ended Dec 31, 2023. Filed Mar 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 1, 2024

SOUN$3.87-4.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

AND COMPREHENSIVE LOSS

	Year Ended December 31,
	2023	2022	2021
Revenues	$45,873	$31,129	$21,197
Operating expenses:
Cost of revenues	11,307	9,599	6,585
Sales and marketing	18,893	20,367	4,240
Research and development	51,439	76,392	59,178
General and administrative	28,285	30,443	16,521
Restructuring	4,557	—	—
Total operating expenses	114,481	136,801	86,524
Loss from operations	(68,608)	(105,672)	(65,327)
Other expense, net:
Interest expense	(17,570)	(6,893)	(8,342)
Other income (expense), net	1,155	(1,259)	(5,415)
Total other expense, net	(16,415)	(8,152)	(13,757)
Loss before provision for income taxes	(85,023)	(113,824)	(79,084)
Provision for income taxes	3,914	2,889	456
Net loss	(88,937)	(116,713)	(79,540)
Cumulative dividends attributable to Series A Preferred Stock	(2,774)	—	—
Net loss attributable to SoundHound common shareholders	(91,711)	(116,713)	(79,540)
Other comprehensive loss:
Unrealized gains on investments	199	—	1
Comprehensive loss	$(91,512)	$(116,713)	$(79,539)
Net loss per share:
Basic and diluted	$(0.40)	$(0.74)	$(1.18)
Weighted-average common shares outstanding:
Basic and diluted	229,264,904	157,317,695	67,255,538

ContentsView on SEC.gov

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