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SoundHound AI, Inc. is a company operating in the Voice AI market, providing advanced voice recognition and artificial intelligence solutions. The company focuses on enabling voice-enabled interactions across various industries, including automotive, consumer electronics, and hospitality. SoundHound sells technology that allows businesses to integrate conversational AI into their products and services, enhancing user experiences.  **[0001840856-24-000013_soun-20231231.htm:19]** 

1. **Product Royalties** - Generates revenue from Houndified Products, which are voice-enabled tangible products across the automotive and consumer electronics industries. Revenue is based on volume, usage, or the life of the products.  **[0001840856-24-000013_soun-20231231.htm:78]** **[0001840856-24-000040_soun-20240930.htm:53]** 
2. **Service Subscriptions** - Provides Houndified Services and Amelia services, including customer services, food ordering, content, appointments, voice commerce, autonomous business workflows, and IT systems analysis. Revenue is derived from monthly fees based on fixed fees, usage-based revenue, or revenue per user.  **[0001840856-24-000013_soun-20231231.htm:78]** **[0001840856-24-000040_soun-20240930.htm:53]** 
3. **Monetization** - Earns revenue from the SoundHound music identification app, primarily through user ad impression revenue.  **[0001840856-24-000013_soun-20231231.htm:78]** **[0001840856-24-000040_soun-20240930.htm:53]**

f96bc1f9a865ac43539866f6db226c6308df6b47416ea771b0332cde37fb6f72

| Name                | Position                                      | Start Date | Short Bio                                                                                                                                                                                                 |
|---------------------|-----------------------------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Dr. Keyvan Mohajer  | Chief Executive Officer and Director          | 2005       | Dr. Keyvan Mohajer co-founded Legacy SoundHound in 2005 and has been its CEO since then. He holds over **90 patents** and was recognized as a **“Top 40 Under 40”** business leader by the Silicon Valley Business Journal.  **[0001213900-23-024138_posam0323_soundhound.htm:90]** **[0001213900-24-037308_ea0204716-03.htm:18]**               |
| Nitesh Sharan       | Chief Financial Officer                       | April 2022 | Nitesh Sharan has been the CFO at SoundHound since April 2022. He previously held executive roles at Nike, Inc. and Hewlett-Packard Inc., and is a CFA® charterholder.  **[0001840856-23-000019_soun-20221231.htm:139]**                                                                        |
| Michael Zagorsek    | Chief Operating Officer                       | N/A        | Michael Zagorsek is the COO at SoundHound, responsible for overseeing the company's operations. He is **49 years old**.  **[0001213900-24-037308_ea0204716-03.htm:18]**                                                                                                                      |
| Timothy Stonehocker | Chief Technology Officer                      | 2010       | Timothy Stonehocker has been the CTO since 2010. He specializes in audio recognition algorithms and scalable systems, and previously worked at Amazon.  **[0001840856-23-000019_soun-20221231.htm:139]** **[0001213900-23-024138_posam0323_soundhound.htm:92]**                                                                                    |
| James Hom           | Chief Product Officer and Board Member        | April 2022 | James Hom is a co-founder of SoundHound and has been the Chief Product Officer since April 2022. He leads product development for the Houndify Voice AI platform.  **[0001213900-23-024138_posam0323_soundhound.htm:90]** **[0001840856-23-000019_soun-20221231.htm:137]** **[0001213900-22-057012_fs12022_soundhound.htm:92]**                                                                      |
| Dr. Majid Emami     | Chief Science Officer and SVP of Engineering  | N/A        | Dr. Majid Emami is a co-founder and has led R&D in speech recognition and machine learning since 2006. He holds **16 patents** related to Voice AI technology.  **[0001213900-24-037308_ea0204716-03.htm:18]** **[0001213900-23-024138_posam0323_soundhound.htm:91]**                                                                             |

7b33287627975369f8c54c2493e12c23caf70448aa0e41349090e753c520c8d8

1. Your gross margin declined to **49% in Q3**, down year-over-year due to the impact of the business mix from recent acquisitions; can you provide more detail on how you plan to recover margins and what timeline investors should expect?  **[SOUN_3408180_7]** 

2. You've guided to achieve **adjusted EBITDA profitability by the end of 2025**; what are the key risks that could prevent you from reaching this goal, and how are you mitigating them?  **[SOUN_3408180_8]** 

3. Regarding the **Amelia acquisition**, can you elaborate on which parts of the acquired business you might discontinue and how that will impact your revenue growth and profitability?  **[SOUN_3408180_9]** 

4. Despite stating that your **capital position is strong**, you've announced a new **at-the-market equity program** and have **$39 million of debt**; can you clarify your capital needs and how you plan to manage your debt and equity financing going forward?  **[SOUN_3408180_7]** 

5. With your development of the **Polaris foundation model**, how does it benchmark against other LLMs in the market, and what competitive advantages does it provide in a crowded AI landscape?  **[SOUN_3408180_4]** **[SOUN_3408180_10]** 

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fec571977e162020176e640010c5c1c239231db0af3c1e8810ca6d764a8a1bdc

SoundHound AI Inc (SOUN)

Financials