SoundHound Historical Income Statement

SOUNW Stock  USD 6.24  0.29  4.87%   
Historical analysis of SoundHound income statement accounts such as Gross Profit of 17.8 M, Other Operating Expenses of 107.7 M, Research Development of 63.6 M or Cost Of Revenue of 8.3 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.
 
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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.
  
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 board of governors.

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

At this time, SoundHound's Depreciation And Amortization is fairly stable compared to the past year. Research Development is likely to climb to about 63.6 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 11.8 M in 2024.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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 board of governors.
At this time, SoundHound's Depreciation And Amortization is fairly stable compared to the past year. Research Development is likely to climb to about 63.6 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 11.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit14.6M21.5M34.6M17.8M
Total Revenue21.2M31.1M45.9M26.2M

SoundHound income statement Correlations

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-0.550.990.880.870.95-0.78-0.710.69-0.780.920.94-0.86-0.62-0.880.870.98-0.690.660.76-0.930.04
-0.270.920.881.00.89-0.53-0.510.63-0.550.990.87-0.81-0.89-0.830.90.92-0.890.770.96-0.850.25
-0.270.910.871.00.88-0.51-0.50.61-0.530.990.86-0.8-0.89-0.820.890.91-0.90.770.96-0.840.26
-0.290.980.950.890.88-0.84-0.820.87-0.860.931.0-0.98-0.75-0.980.880.9-0.780.610.75-0.980.26
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0.05-0.73-0.71-0.51-0.5-0.820.98-0.910.99-0.59-0.840.890.380.87-0.49-0.560.35-0.08-0.270.76-0.39
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0.18-0.78-0.78-0.55-0.53-0.861.00.99-0.9-0.63-0.880.910.380.89-0.56-0.640.38-0.17-0.310.81-0.28
-0.30.950.920.990.990.93-0.61-0.590.7-0.630.91-0.86-0.87-0.880.930.94-0.880.760.92-0.90.22
-0.280.970.940.870.861.0-0.87-0.840.89-0.880.91-0.98-0.72-0.990.870.89-0.760.590.72-0.980.26
0.11-0.91-0.86-0.81-0.8-0.980.890.89-0.960.91-0.86-0.980.731.0-0.8-0.790.72-0.49-0.640.95-0.37
-0.08-0.72-0.62-0.89-0.89-0.750.340.38-0.640.38-0.87-0.720.730.75-0.82-0.680.94-0.74-0.880.73-0.39
0.15-0.93-0.88-0.83-0.82-0.980.870.87-0.950.89-0.88-0.991.00.75-0.83-0.810.75-0.53-0.670.96-0.34
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-0.60.960.980.920.910.9-0.63-0.560.59-0.640.940.89-0.79-0.68-0.810.92-0.750.780.84-0.9-0.05
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-0.510.680.660.770.770.61-0.16-0.080.32-0.170.760.59-0.49-0.74-0.530.910.78-0.840.82-0.7-0.26
-0.240.810.760.960.960.75-0.29-0.270.44-0.310.920.72-0.64-0.88-0.670.850.84-0.930.82-0.730.23
0.36-0.97-0.93-0.85-0.84-0.980.810.76-0.850.81-0.9-0.980.950.730.96-0.92-0.90.8-0.7-0.73-0.15
0.760.170.040.250.260.26-0.27-0.390.47-0.280.220.26-0.37-0.39-0.34-0.04-0.05-0.31-0.260.23-0.15
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