<span item_type="fundamental" item_id="75c9053ab74acfee500c2685fd8627c1" counter_id="ST/US/SOUNW" env="prod"></span><span item_type="announcement" item_id="513932280350378625" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 29.13 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.31.</p><p></p><h3>Segment Revenue</h3><ul><li>Reported revenue for the first quarter of 2025 was $29.1 million, marking a 151% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Revenues for the three months ended March 31, 2025, were $29,129 thousand, compared to $11,594 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>GAAP gross margin was 36.5%, while non-GAAP gross margin was 50.8%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>GAAP net income was $129.9 million, whereas the non-GAAP net loss was - $22.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Adjusted EBITDA was - $22.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Net income for the three months ended March 31, 2025, was $129,932 thousand, compared to a net loss of - $33,009 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li><li>Total operating expenses for the three months ended March 31, 2025, were - $98,968 thousand, compared to $40,123 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li><li>Income from operations for the three months ended March 31, 2025, was $128,097 thousand, compared to a loss from operations of - $28,529 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>The company ended the quarter with a strong cash position of $246 million and no debt.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Net cash used in operating activities was - $19,185 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Net cash used in operating activities for the three months ended March 31, 2025, was - $19,185 thousand, compared to - $21,948 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li><li>Net cash used in investing activities for the three months ended March 31, 2025, was - $162 thousand, compared to - $3,788 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li><li>Net cash provided by financing activities for the three months ended March 31, 2025, was $67,010 thousand, compared to $142,698 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>No customer accounted for more than 10% of the revenue, indicating diversification.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li><li>Change in fair value of contingent acquisition liabilities for the three months ended March 31, 2025, was - $176,100 thousand, compared to $4,162 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex992financia.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>SoundHound reaffirms its full year 2025 revenue outlook to be in a range of $157 - $177 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508ex991earnings.htm"></span></li></ul>

SoundHound AI - CW27 | 8-K: FY2025 Q1 Revenue: USD 29.13 M