SOUN Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), SOUN reported revenue of $13M, gross profit of $8M (63.0% gross margin), operating income of −$22M, and net income of −$70M (-522.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SOUN reported a net loss; revenue grew 16.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +16.1% | −113.1% | −237.7 pp |
Consensus estimate data is not available for this report.
SOUN Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $13M | 100% |
| Cost of Revenue | −$5M | 37.0% |
| Gross Profit | $8M | 63.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$30M | 226.3% |
| Operating Income | −$22M | -163.3% |
| Other Income, net | −$48M | 354.4% |
| Income Tax Expense | −$638,000 | 4.7% |
| Net Income | −$70M | -522.4% |
Source: original SEC filing (filed 2024-08-08). Accession 0001840856-24-000026. Data normalized by EarningsFyi.