SoundHound AI(SOUN) - 2024 Q1 - Quarterly Results

2 SOUNDHOUND AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) | | Three Months Ended | | | --- | --- | --- | | | March 31, | | | | 2024 | 2023 | | Cash flows used in operating activities: | | | | Net loss | $ (33,009) $ | (27,430) | | Adjustments to reconcile net loss to net cash used in operating activities: | | | | Depreciation and amortization | 1,470 | 708 | | Stock-based compensation | 6,979 | 8,249 | | Loss on change in fair value of ELOC program | — | 571 | | Amorti ...