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SoundHound AI (SOUN)

Company Profile
Archimedes Tech SPAC Partners Co. (the “Company”) is a blank check company formed under the laws of the State of Delaware on September 15, 2020. The Company was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar Business Combination with one or more businesses or entities (the “Business Combination”). None of the Company’s officers, directors, promoters and other affiliates has engaged in any substantive discussions on its behalf with representatives of other companies regarding the possibility of a potential Business Combination. The Company’s focus will be on the artificial intelligence, cloud services and automotive technology sectors. However, the Company is not limited to the technology industry, or these sectors therein, and the Company may pursue a Business Combination opportunity in any business or industry it chooses and it may pursue a company with operations or opportunities outside of the United States.

Company profile

Ticker
SOUN, SOUNW
Exchange
NASDAQ
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Information > Software Publishers
Industry (SIC)
Services - Prepackaged Software
Microsoft • Oracle • Mobileye Global • Gen Digital • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
Former names
Archimedes Tech Spac Partners Co
SEC CIK
0001840856
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
ATSPC Merger Sub, Inc. ...

SOUN stock data

Analyst ratings and price targets

Last 3 months
Cantor Fitzgerald
Upgraded
Overweight
$2.20
30 Nov 22
Latest filings (excl ownership)
View all
PRE 14C
Preliminary information
2 Feb 23
D
$25.05 mm in equity, sold $25.05 mm, 25 investors
31 Jan 23
8-K
SoundHound AI Secures New Financing to Strengthen Balance Sheet; Pre-Announces Outperformance in 2022 Results
24 Jan 23
8-K
Cost Associated with Exit or Disposal Activities
11 Jan 23
S-1/A
IPO registration (amended)
22 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
EFFECT
Notice of effectiveness
14 Nov 22
8-K
SoundHound AI Reports Record Quarter With Significant Growth Across All Key Metrics
10 Nov 22
S-1/A
IPO registration (amended)
9 Nov 22
CORRESP
Correspondence with SEC
9 Nov 22
Transcripts
SOUN
Earnings call transcript
2022 Q2
12 Aug 22
Latest ownership filings
View all
4
TIMOTHY STONEHOCKER
30 Jan 23
4
NITESH SHARAN
24 Jan 23
4
Eric R. Ball
24 Jan 23
4
TIMOTHY STONEHOCKER
30 Dec 22
4
JAMES MING HOM
5 Dec 22
4
TIMOTHY STONEHOCKER
25 Nov 22
4
TIMOTHY STONEHOCKER
31 Oct 22
4
TIMOTHY STONEHOCKER
25 Oct 22
4
TIMOTHY STONEHOCKER
5 Oct 22
4
TIMOTHY STONEHOCKER
23 Sep 22

Financial summary

Financial statements Chart SOUN financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.64 mm 33.64 mm 33.64 mm 33.64 mm 33.64 mm
Cash burn (monthly) 10.53 mm (no burn) 9.35 mm 8.82 mm 1.05 mm
Cash used (since last report) 43.59 mm n/a 38.70 mm 36.51 mm 4.33 mm
Cash remaining -9.94 mm n/a -5.06 mm -2.87 mm 29.31 mm
Runway (months of cash) -0.9 n/a -0.5 -0.3 28.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

SOUN institutional ownership history Ownership history
33.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 37 53 -30.2%
Opened positions 9 53 -83.0%
Closed positions 25 0 NEW
Increased positions 4 0 NEW
Reduced positions 10 0 NEW
13F shares Current Prev Q Change
Total value 307.83 mm 294.09 mm +4.7%
Total shares 52.09 mm 51.29 mm +1.6%
Total puts 85.80 k 150.60 k -43.0%
Total calls 170.40 k 399.20 k -57.3%
Total put/call ratio 0.5 0.4 +33.5%
Largest owners Shares Value Change
Global Catalyst Partners III L P 35.19 mm $253.00 mm 0.0%
Anchorage Capital Group, L.L.C. 3.20 mm $10.49 mm 0.0%
Cota Capital Management 2.04 mm $6.12 mm 0.0%
BLK Blackrock 1.76 mm $5.77 mm -0.5%
Vanguard 1.60 mm $5.24 mm +2.8%
Kim 1.50 mm $4.92 mm -4.8%
NMR Nomura 1.07 mm $3.46 mm NEW
Geode Capital Management 1.05 mm $3.45 mm -0.9%
Mirae Asset Global Investments 976.63 k $3.20 mm NEW
KPCB DGF II Associates 892.48 k $2.93 mm 0.0%
Largest transactions Shares Bought/sold Change
NMR Nomura 1.07 mm +1.07 mm NEW
Mirae Asset Global Investments 976.63 k +976.63 k NEW
Balyasny Asset Management 0.00 -283.38 k EXIT
STT State Street 0.00 -214.88 k EXIT
Millennium Management 0.00 -109.32 k EXIT
Walleye Capital 0.00 -75.73 k EXIT
Kim 1.50 mm -75.00 k -4.8%
Radcliffe Capital Management 0.00 -68.40 k EXIT
Jane Street 14.14 k -56.25 k -79.9%
Rivernorth Capital Management 0.00 -50.00 k EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SOUN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Jan 23 Timothy Stonehocker Class A Common Stock Sell Dispose S No No 1.4987 3,736 5.60 k 1,070,380
20 Jan 23 Ball Eric R. Buy Acquire P No No 30 3,334 100.02 k 3,334
20 Jan 23 Nitesh Sharan Buy Acquire P No No 30 3,334 100.02 k 3,334
28 Dec 22 Timothy Stonehocker Class A Common Stock Sell Dispose S No No 0.9999 3,385 3.38 k 1,074,116
22 Nov 22 Timothy Stonehocker Class A Common Stock Sell Dispose S No No 1.5901 46,213 73.48 k 1,077,501
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Stocks With 'AI' In the Name Are Soaring: Could It Be The Next Crypto-, Cannabis-Style Stock Naming Craze?
31 Jan 23
For the past few years, many companies have pivoted their visions to include a new, trending topic. At one point it was crypto, blockchain or NFTs and before that it was cannabis. Now, it might be artificial intelligence.
5 Tech Stocks That Are Flying - And May Collapse
31 Jan 23
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies.
NXP Semiconductors, UBS Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
31 Jan 23
U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
12 Information Technology Stocks Moving In Friday's Intraday Session
27 Jan 23
12 Information Technology Stocks Moving In Monday's Pre-Market Session
16 Jan 23

Press releases

From Benzinga Pro
Airmeez Deploys SoundHound to Deliver Effortless Conversational Experiences
26 Jan 23
NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Airmeez today announced they will be working with SoundHound AI, Inc. (NASDAQ:SOUN) technology to bring a seamless conversational AI experience to software-as-a-service
SoundHound AI projects profitability within 2023 based on strong expected revenue growth and targeted cost reductions
5 Jan 23
The company is increasing emphasis on its high-velocity SaaS product, SoundHound for Restaurants, while leveraging its growing bookings backlog of more than $300M SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in
Yobe Inc. to feature SoundHound for Restaurants at CES 2023, Unlocking the Value of Voice Technology in Noisy Public Spaces
22 Dec 22
Advanced technology to enable seamless personalized voice interactions in complex auditory environments BOSTON (PRWEB) December 22, 2022 Yobe Inc., the go-to company for robust voice solutions that meet the human
Launch of SoundHound Dynamic Interaction Marks Groundbreaking New Era for Human-Computer Interaction
17 Nov 22
SoundHound AI Reports Record Quarter With Significant Growth Across All Key Metrics
10 Nov 22
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