SoundHound SPAC Presentation Deck
Attractive Valuation Relative to Revenue and Revenue Growth
TEV/
Revenue
Revenue
CAGR
SoundHound
2024P
Revenue
7.0x
SoundHound
2021E-2024P
Revenue
145%
SoundHound
5XF
34.1x
20.4x 20.3x
54%
snowflake nVIDIA monday.com the TradeDesk
44%
Disruptive Al and Monetization
2024P Revenue
40%
19.5×
snowflake .monday.com shopify
39%
Snap Inc.
16.3x
shopify
2021E-2024P
Revenue
33%
T
TESLA
Roku
29%
€
twilio
10.9x
zoom
29%
theTradeDesk
40
Source: Management estimates, Company materials, Wall Street research, CapitallQ, and FactSet as of 11/12/2021.
Note: Nuance multiple reflects trading as of market close on the day prior to the announced acquisition by Microsoft. Nuance forecasts reflect management estimates.
8.8x
Ⓡ
twilio
26%
TESLA
Average: 15.6x
8.3x
Snap Inc.
20%
5.7x
Average: 33%
zoom
Roku
15%
NVIDIA
Incumbent
Voice Al
2024P Revenue
7.2x
NUANCE
22%
6.4x
2021E-2024P
Revenue
cerence
Cerence
17%
NUANCE
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