SoundHound SPAC Presentation Deck
Growth In Bookings Provides a Foundation For Revenue Growth
Bookings backlog expected to double year-over-year
Forecasted Rev. by Cust. Relationship (% gr rev)
100% of projected revenue in 2021 is driven
by existing customers
Existing customers continue to generate
over 40% of forecasted revenues in 2024
100%
96%
4%
2021E 2022P
66%
34%
2023 P
New
46%
54%
35%
65%
27%
73%
2024P 2025P 2026P
Existing
Proj. Annual Bookings Backlog & Gross Revenue
Bookings are represented by multi-year contracts
generating ongoing annual revenue.
Backlogs result from projected bookings combined with
remaining billings from existing bookings.
Bookings projections limited to 2023 based on pipeline
forecast.
$16 $8
$59
$13
2019A 2020A
$140
$20
2021E
$296
$30
2022 P
$460
$110
2023 P
$297
2024P
$635
2025P
(in millions)
$1,164
2026P
■Cumulative Bookings Backlog
Total Gross Revenue
30.
©2021 SoundHound Inc.
Source: Management estimates. Note: Revenue projections for existing customers include contract renewal, geographic expansion, and search monetization [1] Bookings backlog projections limited to 2023 based on pipeline projections. [2] Backlog calculation
based on cumulative new bookings minus revenue associated with the booking within the calendar year.View entire presentation