SoundHound SPAC Presentation Deck
Robust Projected Growth Profile
Summary Financials
Bookings (2) [3]
% Growth
Gross Revenue
% Growth
Net Revenue
% Growth
Gross Profit
% of Gross Revenue (¹)
Adj. EBITDA
% of Gross Revenue
2019A 2020A 2021E
$24
$8
$8
$3
41.2%
($56)
$54
122.2%
$13
69.6%
$13
69.6%
$7
55.0%
($50)
$100 $180
85.2%
80.2%
I
$20 I
54.7%
54.7%
$15
I
I
$20 I $28
74.0%
2022P 2023P
($73)
$30
46.9%
I 41.3%
|
I
I
$22
75.4%
($101)
$243
35.1%
$110
$297
$635
271.1% 170.5% 113.7%
$255 $533
$98
244.9% 159.7% 109.0%
$84
2024P 2025P
77.0%
($88)
$226
76.2%
$6
2.1%
(in millions)
2026P
$191
30.1%
$1,164
83.4%
$939
76.3%
$479
$844
75.4% 72.5%
$471
40.5%
Source: Management estimates. Note: Bookings, forecasted Gross Profit, and Adj. EBITDA are non-GAAP measures. Forecasted Gross Profit excludes depreciation and amortization. Financials audited in accordance with PCAOB auditing standards. (1) Declininggross
profit margins beginning 2023 due to projected monetization revenue shared with customers as monetization partnerships accelerate.[2] Bookings and revenue projections in this table align with all other reports in this presentation [3] Bookings projections limited to
2023 based on pipeline projections
35
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