$SOUN Earnings

- Reported revenue was $13.5 million, an increase of 54% year-over-year
- GAAP gross margin was 63%; non-GAAP gross margin was 67%
- GAAP earnings per share was a loss of ($0.11); non-GAAP earnings per share was a loss of ($0.04)
- GAAP net loss was ($37.3) million; non-GAAP net loss was ($14.8) million
- Adjusted EBITDA was ($13.8) million

“This has been a milestone quarter, with strong customer momentum across all of our key industries – including several new global brands,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. “And today we announced a significant acquisition that will expand SoundHound’s reach across multiple new enterprise verticals. We believe the demand for voice and conversational AI is increasing and are committed to strengthening our leadership position in this growing market.”