SoundHound AI (SoundHound AI) Cash And Cash Equivalents : $95.26 Mil (As of Dec. 2023)

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What is SoundHound AI Cash And Cash Equivalents?

SoundHound AI's quarterly cash and cash equivalents declined from Jun. 2023 ($115.76 Mil) to Sep. 2023 ($96.15 Mil) but then stayed the same from Sep. 2023 ($96.15 Mil) to Dec. 2023 ($95.26 Mil).

SoundHound AI's annual cash and cash equivalents declined from Dec. 2021 ($21.63 Mil) to Dec. 2022 ($9.25 Mil) but then increased from Dec. 2022 ($9.25 Mil) to Dec. 2023 ($95.26 Mil).

SoundHound AI Cash And Cash Equivalents Historical Data

The historical data trend for SoundHound AI's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SoundHound AI Cash And Cash Equivalents Chart

SoundHound AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

43.69

21.63

9.25

95.26

SoundHound AI Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							9.25	46.33	115.76	96.15	95.26

SoundHound AI Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

SoundHound AI (NAS:SOUN) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

SoundHound AI Cash And Cash Equivalents Related Terms

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SoundHound AI (SoundHound AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoundHound AI Inc (NAS:SOUN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

5400 Betsy Ross Drive, Santa Clara, CA, USA, 95054

Website

https://www.soundhound.com

SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.

Executives

Timothy Stonehocker	officer: Chief Technology Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Michael Zagorsek	officer: Chief Operating Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Lawrence Marcus	director	2105 WOODSIDE RD., WOODSIDE CA 94062
Nitesh Sharan	officer: Chief Financial Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Keyvan Mohajer	director, 10 percent owner, officer: CEO	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Majid Emami	10 percent owner, officer: VP, Engineering	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
James Ming Hom	director, officer: VP, Products	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Diana Sroka	director	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Eric R. Ball	director	C/O GLU MOBILE INC., 45 FREMONT STREET, SUITE 2800, SAN FRANCISCO CA 94105
Global Catalyst Partners Iii L P	10 percent owner	6239 MOJAVE DRIVE, SAN JOSE CA 95120
Zubin Irani	officer: Chief Revenue Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Global Catalyst Venture Management Iii, Llc	10 percent owner	6239 MOJAVE DRIVE, SAN JOSE CA 95120
Stephen N Cannon	director, 10 percent owner, officer: Chief Executive Officer	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Bryant B Edwards	director	25/28 OLD BURLINGTON STREET, LONDON X0 W1S 3AN
Daniel L Sheehan	officer: Chief Operating Officer	38 KEYES AVENUE SUITE 204, SAN FRANCISCO CA 94129