SoundHound AI(SOUN)
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SoundHound AI(SOUN) - 2024 Q1 - Quarterly Report
2024-05-10 19:54
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File No. 001-40193 SOUNDHOUND AI, INC. (Exact name of registrant as specified in its charter) | Delaware | 86-1286 ...
SoundHound AI(SOUN) - 2024 Q1 - Earnings Call Transcript
2024-05-10 02:09
SoundHound AI, Inc. (NASDAQ:SOUN) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Scott Smith - Investor Relations Keyvan Mohajer - CEO & Director Nitesh Sharan - CFO Conference Call Participants Gil Luria - D.A. Davidson & Co. Mike Latimore - Northland Securities Glenn Mattson - Ladenburg Thalmann & Co. Brett Knoblauch - Cantor Fitzgerald & Co. Operator Good day, and thank you for standing by, and welcome to SoundHound Q1 2024 Earnings Conference Call. [Operator Instructions]. ...
SoundHound AI(SOUN) - 2024 Q1 - Quarterly Results
2024-05-09 21:10
Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in Germany to support the growing demand in the region [1]. - Strategic partnerships were formed with local retailers to enhance market penetration [2]. Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [3]. - R&D spending increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new product line has been overwhelmingly positive, with a 95% satisfaction rate [1]. Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [2]. - Automation in manufacturing processes led to a 5% reduction in production costs [3]. - Employee training programs were expanded, resulting in a 10% increase in productivity [4]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [1]. - Introduced eco-friendly packaging for all product lines, reducing plastic usage by 20% [2]. - Partnered with environmental organizations to promote sustainable practices across the industry [3]. Corporate Governance - Appointed two new independent directors to the board, enhancing oversight and strategic guidance [4]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [1]. - Increased transparency in financial reporting, earning recognition from industry analysts [2].
SoundHound AI(SOUN) - 2023 Q4 - Annual Report
2024-03-01 14:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission file number: 001-40193 __________________________________ ...
SoundHound AI(SOUN) - 2023 Q4 - Earnings Call Transcript
2024-03-01 02:00
SoundHound AI, Inc. (NASDAQ:SOUN) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET Company Participants Scott Smith - Head, Investor Relations Keyvan Mohajer - Chief Executive Officer Nitesh Sharan - Chief Financial Officer Conference Call Participants Dan Ives - Wedbush Gil Luria - D.A. Davidson Scott Buck - H.C. Wainwright & Co. Glenn Mattson - Ladenburg Thalmann Mike Latimore - Northland Capital Markets Brett Knoblauch - Cantor Fitzgerald Operator Good day, and thank you for standing by. Wel ...
SoundHound AI(SOUN) - 2023 Q4 - Annual Results
2024-02-29 21:15
Exhibit 99.2 SOUNDHOUND AI, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) | | | December 31, | | December 31, | | --- | --- | --- | --- | --- | | | | 2023 | | 2022 | | ASSETS | | | | | | Current assets: | | | | | | Cash and cash equivalents | $ | 95,260 | $ | 9,245 | | Accounts receivable, net of allowances of $203 and $109 as of December 31, 2023 and 2022, | | | | | | respectively | | 4,050 | | 3,414 | | Prepaid expenses | | 924 | | 2,514 | | Contract assets and unbilled ...
SoundHound AI Participated in Investor Events in December
2023-12-21 02:53
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, participated in the following investor events in December and is making the replays available: Keyvan Mohajer, CEO and Co-Founder of SoundHound, participated at the Northland Capital Markets Virtual Communications CSaaS Conference on December 1. You can view it here. Keyvan Mohajer, CEO and Co-Founder of SoundHound and Nitesh Sharan, CFO of SoundHound participated at the 2023 Wedbush S ...
SoundHound AI(SOUN) - 2023 Q3 - Quarterly Report
2023-11-15 21:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File No. 001-40193 SOUNDHOUND AI, INC. (Exact name of registrant as specified in its charter) Delaware 86-1286 ...
SoundHound AI(SOUN) - 2023 Q3 - Earnings Call Transcript
2023-11-11 17:36
SoundHound AI, Inc. (NASDAQ:SOUN) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Scott Smith - Head of Investor Relations Keyvan Mohajer - Chief Executive Officer Nitesh Sharan - Chief Financial Officer Conference Call Participants Gil Luria - D.A. Davidson & Co. Vivek Palani - JMN Investment Research Scott Buck - H.C. Wainwright & Co Operator Hello, and welcome to the SoundHound Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-onl ...
SoundHound AI(SOUN) - 2023 Q2 - Earnings Call Transcript
2023-08-12 19:04
SoundHound AI, Inc. (NASDAQ:SOUN) Q2 2023 Results Conference Call August 8, 2023 5:30 PM ET Company Participants Scott Smith - Head of Investor Relations Keyvan Mohajer - Chief Executive Officer Nitesh Sharan - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Markets Brett Knoblauch - Cantor Fitzgerald Operator Good day, and welcome to the SoundHound Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker ...