SOUN Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), SOUN reported revenue of $25M, gross profit of $12M (48.6% gross margin), operating income of −$34M, and net income of −$92M (-366.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SOUN reported a net loss; revenue grew 86.4% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +86.4% | −30.9% | +155.5 pp |
Consensus estimate data is not available for this report.
SOUN Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $25M | 100% |
| Cost of Revenue | −$13M | 51.4% |
| Gross Profit | $12M | 48.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$46M | 183.2% |
| Operating Income | −$34M | -134.6% |
| Other Income, net | −$48M | 190.6% |
| Income Tax Expense | −$10M | 41.8% |
| Net Income | −$92M | -366.9% |
Source: original SEC filing (filed 2024-11-12). Accession 0001840856-24-000039. Data normalized by EarningsFyi.