SoundHound Historical Income Statement
| SOUN Stock | USD 13.99 0.01 0.07% |
Historical analysis of SoundHound income statement accounts such as Total Revenue of 55.4 M, Gross Profit of 41.7 M, Other Operating Expenses of 107.7 M or Research Development of 63.6 M can show how well SoundHound AI performed in making a profits. Evaluating SoundHound income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of SoundHound's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining SoundHound AI latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SoundHound AI is a good buy for the upcoming year.
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About SoundHound Income Statement Analysis
SoundHound AI Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to SoundHound shareholders. The income statement also shows SoundHound investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
SoundHound Income Statement Chart
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Total Revenue
Total revenue comprises all receipts SoundHound AI generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of SoundHound AI minus its cost of goods sold. It is profit before SoundHound operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from SoundHound's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SoundHound AI current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At this time, SoundHound's Reconciled Depreciation is very stable compared to the past year.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 21.5M | 34.6M | 39.8M | 41.7M | Total Revenue | 31.1M | 45.9M | 52.8M | 55.4M |
SoundHound income statement Correlations
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SoundHound Account Relationship Matchups
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SoundHound income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 6.0M | 9.1M | 4.0M | 2.3M | 2.1M | 2.0M | |
| Interest Expense | 2.3M | 8.3M | 6.9M | 17.6M | 20.2M | 21.2M | |
| Selling General Administrative | 14.1M | 16.5M | 30.2M | 28.3M | 32.5M | 22.8M | |
| Selling And Marketing Expenses | 4.7M | 4.2M | 20.4M | 18.9M | 21.7M | 11.8M | |
| Total Revenue | 13.0M | 21.2M | 31.1M | 45.9M | 52.8M | 55.4M | |
| Gross Profit | 7.2M | 14.6M | 21.5M | 34.6M | 39.8M | 41.7M | |
| Other Operating Expenses | 79.0M | 86.5M | 136.5M | 114.5M | 131.7M | 107.7M | |
| Operating Income | (66.0M) | (65.3M) | (105.4M) | (68.6M) | (61.7M) | (64.8M) | |
| Ebit | (71.4M) | (70.7M) | (106.9M) | (67.5M) | (60.7M) | (63.7M) | |
| Research Development | 54.3M | 59.2M | 76.4M | 51.4M | 59.2M | 63.6M | |
| Ebitda | (65.4M) | (61.7M) | (102.9M) | (65.1M) | (58.6M) | (61.6M) | |
| Cost Of Revenue | 5.9M | 6.6M | 9.6M | 11.3M | 13.0M | 8.3M | |
| Total Operating Expenses | 73.2M | 79.9M | 126.9M | 103.2M | 118.7M | 99.3M | |
| Income Before Tax | (73.7M) | (79.1M) | (112.5M) | (85.0M) | (76.5M) | (80.3M) | |
| Total Other Income Expense Net | (7.7M) | (13.8M) | (8.2M) | (16.4M) | (14.8M) | (14.0M) | |
| Net Income | (74.4M) | (79.5M) | (115.4M) | (88.9M) | (80.0M) | (84.0M) | |
| Income Tax Expense | 738K | 456K | 2.9M | 3.9M | 4.5M | 4.7M |
Pair Trading with SoundHound
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SoundHound position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SoundHound will appreciate offsetting losses from the drop in the long position's value.Moving together with SoundHound Stock
Moving against SoundHound Stock
| 0.75 | VTEX | VTEX | PairCorr |
| 0.71 | VERB | VERB TECHNOLOGY PANY Tech Boost | PairCorr |
| 0.66 | DOMO | Domo Inc Tech Boost | PairCorr |
The ability to find closely correlated positions to SoundHound could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SoundHound when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SoundHound - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SoundHound AI to buy it.
The correlation of SoundHound is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SoundHound moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SoundHound AI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SoundHound can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SoundHound. If investors know SoundHound will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share | Quarterly Revenue Growth 0.891 | Return On Assets | Return On Equity |
The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SoundHound's market value can be influenced by many factors that don't directly affect SoundHound's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.