SOUN •We have generated substantial net losses and negative operating cash flows since inception and may never achieve or maintain profitability or generate positive cash flows; •We may require additional capital to continue planned business operations but may not be able to obtain such capital when desired on favorable terms, if at all, or without dilution to our stockholders;
SOUN I dont like this setup...our support 8.8 broken now acting like resistance. This is critical to breake upwards today on higher TF. Personally thinking about sell my position at 9.4 if we can momentaryly touch it and buy in lower.
SOUN Now with the missing / delayed 10-K filed, and nothing in there negative by PWC, we should see a nice big bump, considering that was the cause for the rapid decline from 11ish to 9ish. But then we are in the middle of a market which is very bearish!
SoundHound AI reported an 85% increase in revenue to $84.7 million for fiscal year 2024, driven by strong growth in service subscriptions which surged to $56.3 million. The company completed strategic acquisitions of SYNQ3 and Amelia, expanding its market reach in restaurant and enterprise AI solutions. Gross margin was 49%, reflecting a mix of lower-margin call center business and amortization of acquired assets. The company strengthened its financial position through successful equity offerings, raising $407.3 million in gross proceeds during 2024. Operating expenses increased to $426.0 million, including a $222.7 million non-cash charge from changes in fair value of contingent acquisition liabilities. The company ended the year with $198.2 million in cash and cash equivalents after repaying all outstanding debt. Looking ahead, SoundHound is focused on integrating its acquisitions and expanding its Voice AI capabilities across industries. The company's technology portfolio now includes over 192 granted patents and 109 pending patents. Management expects continued growth driven by three revenue pillars: royalties, subscriptions, and monetization, with increasing contribution expected from the monetization segment in the future.
SOUN •We have generated substantial net losses and negative operating cash flows since inception and may never achieve or maintain profitability or generate positive cash flows;
