SOUN Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), SOUN reported revenue of $12M, gross profit of $7M (59.7% gross margin), operating income of −$29M, and net income of −$33M (-284.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SOUN reported a net loss; revenue fell 74.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −74.7% | +62.9% | −90.8 pp |
Consensus estimate data is not available for this report.
SOUN Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12M | 100% |
| Cost of Revenue | −$5M | 40.3% |
| Gross Profit | $7M | 59.7% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$35M | 305.8% |
| Operating Income | −$29M | -246.1% |
| Other Income, net | −$4M | 36.1% |
| Income Tax Expense | −$295,000 | 2.5% |
| Net Income | −$33M | -284.7% |
Source: original SEC filing (filed 2024-05-09). Accession 0001213900-24-041376. Data normalized by EarningsFyi.