Veritone

Veritone, Inc. engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries. It operates through the following segments: Advertising, aiWARE SaaS Solutions, and aiWARE Content Licensing and Media Services. The Advertising segment places advertisements for clients, primarily with radio broadcasters, podcasters and digital media producers. The aiWARE SaaS Solutions segment offers solutions through a combination of its direct sales force and indirect channel partners, such as value-added resellers (VARs), distributors, system integrators, managed services providers, and referral partners. The aiWARE Content Licensing and Media Services segment sells and markets activities relating to its digital content licensing services business through its direct sales force. The company was founded by Chad Edward Steelberg and Ryan S. Steelberg on June 13, 2014 and is headquartered in Denver, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Veritone reports robust Q4 earnings, eyes growth in AI markets

Veritone's strong financial performance, strategic investments, and partnerships position the company for continued growth
Challenges include segment growth concerns, pricing model differentiation, and strategic cash utilization decisions
Opportunities in expanding partnerships, targeting growth sectors, and leveraging AI solutions for market expansion

Veritone reports robust Q1 growth, focuses on profitability in 2023

Veritone's Q1 2023 performance reflects strong growth in total revenue, new bookings, and software customers, driven by AI focus.
While facing challenges in operational losses and declining commercial enterprise revenues, Veritone is leveraging opportunities in GRI and cost savings.
With a solid balance sheet, tightened revenue outlook, and focus on profitability, Veritone is poised for improved financial performance in 2023.

Veritone reports Q2 revenue decline, eyes growth through AI disruption

Veritone faced revenue decline in Q2 but achieved cost savings and aims for growth
Strategic focus on AI-driven disruption and operational excellence remains strong
Challenges include macroeconomic impacts and ongoing net losses
Opportunities lie in market disruption, acquisitions, and cost-saving measures

Veritone reports Q3 revenue of $35.1 million, anticipates growth

Veritone focused on operational excellence and fiscal responsibility in Q3
Strategic initiatives led to $24 million in annualized savings year-to-date
Q4 revenue guidance between $33-34.5 million with a net loss projected
CEO expresses gratitude towards team and highlights customer commitment

Veritone progresses towards profitability in 2024 amidst revenue growth

Veritone's Q4 2023 earnings call highlighted progress towards profitability, growth in key segments, and a strategic focus on cost-saving initiatives.
Despite revenue decline in 2023, the company aims for growth in 2024 with a conservative revenue outlook, targeting profitability by Q4 2024 and positive cash flow in fiscal year 2025.
Veritone's leadership in AI solutions, market adaptability, and commitment to safe AI present strengths amidst financial challenges and growth opportunities.
The company's agility, innovation, and cost-saving measures position them for sustained profitability and market competitiveness in the AI industry.

Veritone targets profitability by Q4 2024 amidst revenue growth

Veritone's Q1 2024 performance showed revenue growth but with an operating loss, aiming for profitability by Q4 2024.
The company's strengths lie in technological advancements, new service offerings, and growth in key sectors.
Challenges include cost management for profitability, while opportunities exist in expanding services and the public sector.

Veritone reports revenue growth and strategic advancements in Q2

Veritone's Q2 2024 performance showed revenue growth, strong sector demand, and improved operational efficiency.
While facing challenges in restructuring and profitability optimization, the company's strengths lie in securing major contracts and advancing its AI technology.
Opportunities for future growth include leveraging market demand, enhancing financial health, and exploring strategic investments.

Veritone divests legacy business, eyes AI growth in fiscal 2025

Veritone's divestiture of its legacy media agency business aims to strengthen its financial position and focus on AI solutions.
Despite financial challenges in Q3 2024, the company is implementing cost-saving measures to drive efficiency and return to growth.
With a strategic focus on AI applications and a projected breakout year in fiscal 2025, Veritone is poised for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that its media and entertainment solutions are available in AWS Marketplace, a curated digital catalog of independent software vendors that make it easy to find, test, buy and deploy software that runs on Amazon Web Services (AWS). Veritone's availability in AWS Marketplace provides media, entertainment and sports customers the ability to seamlessly access, purcha.

Veritone AI-Powered Solutions for Media and Entertainment Now Available in AWS Marketplace

Veritone, Inc. (NASDAQ:VERI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Stefan Norbom - IR Ryan Steelberg - Chairman and CEO Mike Zemetra - CFO Conference Call Participants Stephen Banta - Banta Asset Management Operator Good day, and welcome to the Veritone Inc. Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Veritone, Inc. (VERI) Q2 2024 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today reported results for the second quarter ended June 30, 2024. “Veritone delivered a strong performance in the second quarter, driven by accelerated growth across our AI software products and services and advertising managed services. During the quarter, we secured 17 new Public Sector customers and saw our Public Sector sales pipeline reach unprecedented levels, and completed a landmar.

Veritone Reports Second Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise artificial intelligence (AI) solutions, today announced that it has signed a three-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). The agreement will leverage Veritone's and AWS' unique strengths to accelerate cloud-native enterprise artificial intelligence (AI) and generative AI innovation for new and existing customers in the media, entertainment, sports, talent.

Veritone Announces Strategic Collaboration Agreement with AWS to Unlock AI at Scale

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the expansion of its Authorization to Operate (ATO) with the Executive Office of the U.S. Attorneys (EOUSA), a subagency of the Department of Justice (DOJ) representing the federal government in court. The ATO now includes Veritone's Illuminate, Track, Redact – components of Veritone's Intelligent Digital Evidence Management System (iDEMS) – and Automate Studio, i.

Veritone Expands its Approved Applications with the Executive Office of the U.S. Attorneys

SAN FRANCISCO--(BUSINESS WIRE)--6senseⓇ, the leading platform to revolutionize the way B2B organizations create, manage, and convert pipeline to revenue, today announced it has been named to the Forbes Cloud 100 list for a fourth consecutive year. The Forbes Cloud 100 is the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. “B2B revenue teams need to deliver on increasingly ambitious.

6sense Named to the 2024 Forbes Cloud 100

WSFS Financial

SAN FRANCISCO--(BUSINESS WIRE)--Melio, a leading B2B payments platform for small businesses, has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. “The Forbes 2024 Cloud 100 is testimony that Melio is transforming digital payments and we are proud to be listed among so many leaders of innovation,” says Matan Bar, co-founder and Chief Execu.

Melio Named to the 2024 Forbes Cloud 100

C3.ai

Cerence

Elastic N.V

Intuit

UiPath

Synopsys

Artificial intelligence ( AI ) is a groundbreaking innovation — you don't need me to tell you that. At the same time, you don't necessarily need to pay “full retail” to gain exposure to this burgeoning ecosystem.

7 Hidden Generative AI Stocks Worthy of the Spotlight

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the appointment of Gus Hunt as an advisor for its public sector division. Hunt, a renowned technology and intelligence expert and former Chief Technology Officer for the U.S. Central Intelligence Agency (CIA), will provide strategic guidance to help Veritone enhance and expand its AI offerings for government and public sector clients. Hunt will provide strategic c.

Veritone Appoints Gus Hunt Public Sector Advisor

BlackLine

HubSpot

Teradata

Upstart Holdings

Everybody loves artificial intelligence. Okay, this is the Internet so let me clarify: I don't literally mean everybody.

7 Undervalued AI Stocks That You Need to Watch Right Now

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered AI solutions, today announced the details of its second quarter 2024 financial results conference call. Veritone will hold a conference call on Thursday, August 8, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results for the second quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in.

Veritone to Hold Second Quarter 2024 Results Conference Call on August 8th

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today released its analysis of Q2 2024 aggregated U.S. Bureau of Labor Statistics (BLS) Jobs Reports, which provide insights into the latest employment trends and market dynamics shaping the U.S. labor market. Leveraging data from Aspen Technology Labs, Inc., a global leader in web data management services and recruitment technology, Veritone also analyzed Q2 AI job growth. Accor.

Veritone Releases Analysis of Q2 2024 U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leading global provider of digital asset management, licensing and metadata solutions, today announced a content licensing agreement with Tennis Australia, the governing body of tennis in Australia and host of the prestigious Australian Open, one of the sport's four annual Grand Slam® tournaments. The agreement enables Veritone to license archival match footage from the Australian Open to content buyers in North America. Veritone's exten.

Veritone Announces Multi-Year Agreement with Tennis Australia to Expand Access to Premium Tennis Content

BigBear.ai Holdings

Chegg

Fiverr

Intel

IZEA

SoundHound AI Inc

Shutterstock

I've got a surprising fact for you: New technologies are often astonishingly S

9 Stocks to Sell as AI Surges Ahead

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, and Engage Digital Partners, a leading digital sports marketing agency, today announced a multi-year agreement with World Horse Racing to use Veritone's Digital Media Hub (DMH) as its exclusive AI-powered, intelligent asset management platform. In partnership, Veritone and Engage Digital Partners will utilize DMH to automate the curation and activation of all World Horse Racing m.

World Horse Racing Selects Veritone as Exclusive Digital Asset Management Provider

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that entertainment technology executive Michael Keithley, the former CIO of United Talent Agency and CIO/CTO of CAA, has been elected to its Board of Directors (“Board”). Mr. Keithley brings to the board a wealth of experience and expertise in emerging technologies, entertainment, cybersecurity, customer experience and corporate strategy. Mr. Keithley's appointmen.

Veritone Announces Appointment of Michael Keithley to Board of Directors

Curious about my chances of being replaced by an artificial intelligence chatbot, I went ahead and asked ChatGPT 3.5, Microsoft Copilot, and Google Gemini to give me examples of stocks with poor ratings or sell signals. Both Gemini and ChatGPT gave me non-answers, explaining that I should do my research and what common pitfalls to look out for.

3 AI Stocks That AI Bots Think You Should Sell

Diageo

Nu Holdings

Warren Buffett is by far the most well-known investor alive right now. The stocks he buys are looked at significantly more favorably by the market.

Want Long-Term Gains? 3 Value Stocks to Build a Buffett-Style Portfolio

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today released its analysis of the U.S. Bureau of Labor Statistics (BLS) April 2024 Jobs Report, which provides insights into the latest employment trends and market dynamics shaping the U.S. labor market. Leveraging data from Aspen Technology Labs, Inc., a global leader in web data management services and recruitment technology, Veritone also analyzed AI job growth over the past year. Acc.

Veritone Analyzes U.S. Bureau of Labor Statistics April 2024 Jobs Report and AI Job Growth

CommVault Systems

MicroStrategy Incorporated

Thinking about Big Data stocks to sell might not be the most popular move right now. Especially when we consider the impact of Big Data in artificial intelligence (AI), the thought of offloading Big Data stocks becomes doubly difficult.

3 Sorry Big Data Stocks to Sell in May While You Still Can

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced that its public sector solutions are available in AWS Marketplace, a curated digital catalog of independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). With Veritone's availability in AWS Marketplace, public sector customers can now seamlessly access, purchase and deploy an array of Veritone's award-winn.

Veritone AI-Powered Solutions for Public Sector Now Available in AWS Marketplace

The heavy selling pressure might have exhausted for Veritone (VERI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -18.96% in 4 Weeks, Here's Why Veritone (VERI) Looks Ripe for a Turnaround

Veritone, Inc. (NASDAQ:VERI ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Stefan Norbom - IR Ryan Steelberg - Chairman and CEO Mike Zemetra - CFO Conference Call Participants Steve Banta - Banta Asset Management Alec Sharps - Stifel Operator Good day, and welcome to the Veritone Inc. First Quarter 2024 Financial Results Call. All participants will be in listen-only mode.

Veritone, Inc. (VERI) Q1 2024 Earnings Call Transcript

Veritone, Inc. (VERI) came out with a quarterly loss of $0.20 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.26 per share a year ago.

Veritone, Inc. (VERI) Reports Q1 Loss, Tops Revenue Estimates

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today reported results for the first quarter ended March 31, 2024. “Veritone executed at a high level in the first quarter with total revenue of $31.6 million, outperforming the high end of our guidance range. Our customer retention and engagement metrics remained strong, highlighted by a 7% year-over-year increase in ARR from subscription-based customers as we work to decrease historical r.

News for Veritone Stock (VERI)