SOUN - SoundHound AI, Inc. Stock Price, Fair Value and News

5.05USD-0.06 (-1.17%)Market Closed

Market Summary

USD5.05-0.06

Market Closed

-1.17%

SOUN Alerts

Big jump in Revenue (Y/Y)

Losses in recent quarter

SOUN Stock Price

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SOUN RSI Chart

SOUN Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-15.31

Price/Sales (Trailing)

28.51

EV/EBITDA

-18.49

Price/Free Cashflow

-19.01

SOUN Price/Sales (Trailing)

SOUN Profitability

Operating Margin

72.42%

EBT Margin

-178.56%

Return on Equity

-60.78%

Return on Assets

-32.88%

Free Cashflow Yield

-5.26%

SOUN Fundamentals

SOUN Revenue

Revenue (TTM)

50.8M

Rev. Growth (Yr)

72.86%

Rev. Growth (Qtr)

-32.38%

SOUN Earnings

Earnings (TTM)

-94.5M

Earnings Growth (Yr)

-20.31%

Earnings Growth (Qtr)

-83.3%

Breaking Down SOUN Revenue

Last 7 days

-0.8%

Last 30 days

27.5%

Last 90 days

32.2%

Trailing 12 Months

78.5%

How does SOUN drawdown profile look like?

SOUN Financial Health

Current Ratio

8.84

Debt/Equity

0.55

Debt/Cashflow

-0.88

SOUN Investor Care

Shares Dilution (1Y)

39.75%

Diluted EPS (TTM)

-0.39

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	50.8M	0	0	0
2023	33.5M	36.1M	38.2M	45.9M
2022	21.7M	19.6M	26.8M	31.1M
2021	18.4M	23.7M	29.1M	21.2M
2020	0	0	10.3M	13.0M
2019	0	0	0	7.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of SoundHound AI, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	mohajer keyvan	sold	-192,454	6.0778	-31,665	ceo
Mar 21, 2024	stonehocker timothy	sold	-40,604	7.6961	-5,276	chief technology officer
Mar 19, 2024	sharan nitesh	sold	-194,182	8.3656	-23,212	chief financial officer
Mar 19, 2024	zagorsek michael	sold	-201,653	8.3656	-24,105	chief operating officer
Mar 19, 2024	hom james ming	sold	-142,558	8.3656	-17,041	chief product officer
Mar 19, 2024	mohajer keyvan	sold	-408,551	8.3656	-48,837	ceo
Mar 19, 2024	emami majid	sold	-142,558	8.3656	-17,041	vp, engineering
Mar 15, 2024	sharan nitesh	sold (taxes)	-14,166	8.91	-1,590	chief financial officer
Mar 15, 2024	marcus lawrence	sold	-225,572	9.0229	-25,000	-
Mar 14, 2024	ball eric r.	sold	-382,000	9.55	-40,000	-

Which funds bought or sold SOUN recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	Kozak & Associates, Inc.	new	-	256	256	-%
May 17, 2024	Aspect Partners, LLC	sold off	-100	-3,967	-	-%
May 16, 2024	Tidal Investments LLC	sold off	-100	-700,601	-	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-22.86	1,503,640	2,819,030	-%
May 16, 2024	JANE STREET GROUP, LLC	added	15.25	214,174	237,626	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.29	704,091	1,135,670	-%
May 15, 2024	Sculptor Capital LP	new	-	3,145,260	3,145,260	0.06%
May 15, 2024	WEDBUSH SECURITIES INC	reduced	-10.76	251,000	420,000	0.02%
May 15, 2024	Aristides Capital LLC	new	-	1,765,230	1,765,230	0.65%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-329	-	-%

Are Funds Buying or Selling SOUN?

Are funds buying SOUN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SOUN

No. of Funds

Unveiling SoundHound AI, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 05, 2024	blackrock inc.	4.5%	12,343,093	SC 13G/A
Feb 14, 2024	blackrock inc.	5.6%	11,758,411	SC 13G
Feb 13, 2024	vanguard group inc	6.61%	13,843,982	SC 13G
Jul 25, 2023	global catalyst partners iii l p	0%	0	SC 13D/A
Jul 12, 2023	global catalyst partners iii l p	8.5%	15,150,565	SC 13D/A
Jul 10, 2023	global catalyst partners iii l p	11.3%	20,150,565	SC 13D/A
Jun 07, 2023	global catalyst partners iii l p	15.8%	28,150,565	SC 13D/A

Recent SEC filings of SoundHound AI, Inc.

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
Apr 30, 2024	ARS	ARS
Apr 30, 2024	DEFR14A	DEFR14A
Apr 29, 2024	DEF 14A	DEF 14A
Apr 10, 2024	424B5	Prospectus Filed
Apr 10, 2024	8-K	Current Report
Apr 08, 2024	S-8	Employee Benefits Plan
Apr 05, 2024	SC 13G/A	Major Ownership Report
Mar 22, 2024	144	Notice of Insider Sale Intent

SoundHound AI, Inc. News

Latest updates

SoundHound AI, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	-32.4%	11,594,000	17,147,000	13,268,000	8,751,000	6,707,000	9,501,000	11,186,000	6,152,000	4,290,000	5,151,000	4,028,000	8,279,000	3,739,000	13,017,000	-	-
Cost Of Revenue	19.4%	4,669,000	3,911,000	3,590,000	1,830,000	1,976,000	2,755,000	2,583,000	2,488,000	1,773,000	1,707,000	1,657,000	1,628,000	1,593,000	5,863,000	-	-
Costs and Expenses	35.3%	40,123,000	29,645,500	27,798,000	25,187,000	31,745,000	38,454,000	38,258,000	35,082,000	25,007,000	24,190,000	21,198,000	20,778,000	20,358,000	-	-	-
Operating Expenses	-	-	-	-	-	-	50,511,474	38,194,000	35,082,000	490,053	34,328,280	21,198,000	20,778,000	81,441	716	-	-
S&GA Expenses	114.1%	5,542,000	2,588,500	4,471,000	6,424,000	7,290,000	6,744,000	6,672,000	4,370,000	2,581,000	981,000	1,175,000	1,008,000	1,076,000	4,739,000	-	-
R&D Expenses	17.0%	14,878,000	12,713,000	12,806,000	11,736,000	14,184,000	21,528,000	19,352,000	18,862,000	16,650,000	16,368,000	14,344,000	14,023,000	14,443,000	54,279,000	-	-
EBITDA Margin	1.9%	-1.39	-1.42	-2.15	-2.67	-3.21	-3.31	-3.52	-4.36	-3.16	-3.08	-3.88	-3.08	-3.98	-5.61	-5.70	-
Interest Expenses	-92.7%	400,000	5,460,000	5,442,000	5,572,000	1,096,000	1,178,000	1,166,000	1,572,000	2,977,000	2,617,000	2,683,000	2,294,000	748,000	1,201,000	-	-
Income Taxes	-81.6%	295,000	1,607,000	1,561,000	417,000	329,000	1,284,000	864,000	389,000	352,000	-944,000	1,190,000	43,000	167,000	738,000	-	-
Earnings Before Taxes	-99.5%	-32,714,000	-16,396,000	-18,636,000	-22,890,000	-27,101,000	-29,597,000	-29,197,000	-30,279,000	-24,751,000	-22,791,000	-22,591,000	-14,609,000	-19,093,000	-73,669,000	-	-
EBT Margin	3.7%	-1.79	-1.85	-2.57	-3.01	-3.46	-3.66	-4.00	-5.12	-3.90	-3.73	-4.47	-3.11	-4.01	-5.66	-6.21	-
Net Income	-83.3%	-33,000,000	-18,003,000	-20,197,000	-23,307,000	-27,430,000	-30,881,000	-30,061,000	-30,668,000	-25,103,000	-21,847,000	-23,781,000	-14,652,000	-19,260,000	-716	-	-
Net Income Margin	4.0%	-1.86	-1.94	-2.66	-3.09	-3.55	-3.75	-4.02	-5.17	-3.93	-3.75	-1.99	-3.14	-4.05	-5.72	-6.23	-
Free Cashflow	-58.3%	-22,047,000	-13,928,000	-20,235,000	-19,939,000	-14,555,000	-20,555,000	-27,044,000	-32,149,000	-15,600,000	-15,482,000	-18,595,000	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	90.2%	287	151	144	158	72.00	38.00	64.00	90.00	36.00	49.00	134	134	134	64.00	64.00
Current Assets	106.1%	234	114	109	127	53.00	18.00	42.00	72.00	13.00	27.00	1.00	1.00	1.00	49.00	45.00
Cash Equivalents	137.4%	226	95.00	96.00	116	46.00	9.00	34.00	65.00	8.00	22.00	27.00	46.00	30.00	45.00	26.00
Net PPE	-	-	-	-	-	-	3.00	4.00	5.00	5.00	6.00	7.00	-	-	10.00	14.00
Liabilities	7.3%	132	123	118	119	70.00	75.00	78.00	85.00	120	113	101	90.00	78.00	66.00	47.00
Current Liabilities	9.3%	26.00	24.00	21.00	24.00	42.00	39.00	39.00	41.00	97.00	88.00	0.00	0.00	0.00	25.00	21.00
Long Term Debt	1.5%	86.00	84.00	83.00	66.00	-	18.00	-	-	-	-	-	-	-	-	-
LT Debt, Current	-	-	-	-	-	-	17.00	-	-	-	-	19.00	-	-	-	-
LT Debt, Non Current	-	-	-	83.00	66.00	-	18.00	-	-	-	-	-	-	-	-	-
Shareholder's Equity	452.0%	155	28.00	26.00	39.00	2.00	-36.56	-	5.00	-	-	0.00	1.00	1.00	-	-
Retained Earnings	-5.6%	-625	-592	-574	-554	-530	-503	-472	-442	-411	-386	-0.35	-0.16	-0.08	-307	9.00
Additional Paid-In Capital	28.4%	779	606	586	568	508	467	457	447	48.00	43.00	1.00	1.00	-4.26	31.00	26.00
Shares Outstanding	25.0%	287	229	242	221	205	157	143	162	70.00	67.00	68.00	67.00	5.00	12.00	-
Float	-	-	-	-	734	-	-	-	315	-	-	-	138	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-58.2%	-21,948	-13,870	-20,194	-19,661	-14,540	-20,414	-26,838	-31,778	-14,989	-15,080	-18,472	-17,921	-14,704	-46,304	-	-
Share Based Compensation	-4.3%	6,979	7,292	6,692	5,698	8,249	9,292	9,173	7,863	2,464	2,273	1,315	1,346	1,388	5,897	-	-
Cashflow From Investing	-6431.0%	-3,788	-58.00	-41.00	-278	-15.00	-141	-206	-371	-611	-402	-123	-48.00	-63.00	11,448	-	-
Cashflow From Financing	992.5%	142,698	13,062	617	102,917	51,641	-3,612	-4,554	88,212	1,955	9,755	-356	34,649	605	53,454	-	-

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SOUN Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 11,594	$ 6,707
Operating expenses:
Cost of revenues	4,669	1,976
Sales and marketing	5,542	4,875
Research and development	14,878	14,184
General and administrative	10,267	7,290
Change in fair value of contingent acquisition liabilities	4,162	0
Amortization of intangible assets	605	0
Restructuring	0	3,585
Total operating expenses	40,123	31,910
Loss from operations	(28,529)	(25,203)
Other income (expense), net:
Interest expense	(5,664)	(1,096)
Other income (expense), net	1,479	(802)
Total other expense, net	(4,185)	(1,898)
Loss before provision for income taxes	(32,714)	(27,101)
Provision for income taxes	295	329
Net loss	(33,009)	(27,430)
Cumulative dividends attributable to Series A Preferred Stock	(343)	(682)
Net loss attributable to SoundHound common shareholders	(33,352)	(28,112)
Other comprehensive income:
Unrealized gains on investments	36	0
Comprehensive loss	$ (32,973)	$ (27,430)
Net loss per share:
Basic (in dollars per share)	$ (0.12)	$ (0.14)
Diluted (in dollars per share)	$ (0.12)	$ (0.14)
Weighted-average common shares outstanding:
Basic (in shares)	286,596,559	205,082,328
Diluted (in shares)	286,596,559	205,082,328

SOUN Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 211,744	$ 95,260
Accounts receivable, net of allowances of $234 and $203 as of March 31, 2024 and December 31, 2023, respectively	6,849	4,050
Contract assets and unbilled receivable, net of allowance for credit losses of $101 and $17 of March 31, 2024 and December 31, 2023, respectively	12,104	11,780
Other current assets	3,340	2,452
Total current assets	234,037	113,542
Restricted cash equivalents, non-current	14,356	13,775
Right-of-use assets	4,546	5,210
Property and equipment, net	1,348	1,515
Goodwill	5,760	0
Intangible assets, net	11,580	0
Deferred tax asset	10	11
Contract assets and unbilled receivable, non-current, net of allowance for credit losses of $176 and $177 of March 31, 2024 and December 31, 2023, respectively	15,106	16,492
Other non-current assets	686	577
Total assets	287,429	151,122
Current liabilities:
Accounts payable	2,997	1,653
Accrued liabilities	15,341	13,884
Operating lease liabilities	2,791	2,637
Finance lease liabilities	93	121
Income tax liability	1,630	1,618
Deferred revenue	3,631	4,310
Total current liabilities	26,483	24,223
Operating lease liabilities, net of current portion	2,065	3,089
Deferred revenue, net of current portion	4,087	4,910
Long-term debt	85,543	84,312
Contingent acquisition liabilities (Note 17)	6,819	0
Income tax liability, net of current portion	2,315	2,453
Other non-current liabilities	4,638	3,967
Total liabilities	131,950	122,954
Commitments and contingencies (Note 7)
Stockholders’ equity:
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 70,241 and 475,005 shares issued and outstanding, aggregate liquidation preference of $2,481 and $16,227 as of March 31, 2024 and December 31, 2023, respectively	2,097	14,187
Additional paid-in capital	778,503	606,135
Accumulated deficit	(625,388)	(592,379)
Accumulated other comprehensive income	235	199
Total stockholders’ equity	155,479	28,168
Total liabilities and stockholders’ equity	287,429	151,122
Class A Common Stock
Stockholders’ equity:
Common stock	29	22
Class B Common Stock
Stockholders’ equity:
Common stock	$ 3	$ 4

About SoundHound AI, Inc.

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions SoundHound AI, Inc. was founded in 2005 and is headquartered in Santa Clara, California.

CEO	Dr. Keyvan Mohajer
WEBSITE	soundhound.com
INDUSTRY	Software - Apps
EMPLOYEES	430

SoundHound AI, Inc. Frequently Asked Questions

What is the ticker symbol for SoundHound AI, Inc.? What does SOUN stand for in stocks?

SOUN is the stock ticker symbol of SoundHound AI, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SoundHound AI, Inc. (SOUN)?

As of Fri May 17 2024, market cap of SoundHound AI, Inc. is 1.45 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SOUN stock?

You can check SOUN's fair value in chart for subscribers.

What is the fair value of SOUN stock?

You can check SOUN's fair value in chart for subscribers. The fair value of SoundHound AI, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SoundHound AI, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SOUN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SoundHound AI, Inc. a good stock to buy?

The fair value guage provides a quick view whether SOUN is over valued or under valued. Whether SoundHound AI, Inc. is cheap or expensive depends on the assumptions which impact SoundHound AI, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SOUN.

What is SoundHound AI, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SOUN's PE ratio (Price to Earnings) is -15.31 and Price to Sales (PS) ratio is 28.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SOUN PE ratio will change depending on the future growth rate expectations of investors.