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.

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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.

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HOUSTON--(BUSINESS WIRE)--GridBeyond has announced the acquisition of Veritone Inc Energy Business, a leader in AI software and services in North America.

GridBeyond Acquires Veritone's Energy Business

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI) (“Veritone” or the “Company”), a leader in enterprise AI software and services, today announced it has closed the acquisition of Broadbean, a global leader of software as a service (SaaS) technology that makes talent acquisition and engagement more efficient, from CareerBuilder. The close of the acquisition is expected to significantly strengthen Veritone's AI-driven human resources solutions suite, building on the Company's previous acquis.

Veritone Closes Acquisition of Broadbean

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI): WHAT Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, will host a webinar, “AI in Talent Acquisition: Leveraging AI Across the Recruitment Funnel,” which will explore the transformative potential of AI and generative AI, and showcase innovative approaches and solutions that are reshaping the way organizations find and hire top talent. Join the webinar to hear from industry leaders about: The rise of AI in tal.

Veritone to Host Webinar on Artificial Intelligence in Talent Acquisition and Recruiting

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI) (“Veritone” or the “Company”), a leader in enterprise AI software and services, today announced its agreement to acquire Broadbean, a global leader of software-as-a-service (SaaS) technology that makes talent acquisition and engagement easier, faster and more efficient, from CareerBuilder. Covering more than 180 countries, serving 3,000+ clients and integrated with over 100 Applicant Tracking Systems (ATS) partners, the strategic acquisitio.

Veritone to Acquire Broadbean, Signifying Deeper, Global Commitment for Veritone's AI-powered Human Resources Solutions

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced the deployment of a series of product enhancements to its award-winning, aiWARE-powered Veritone Redact application for the legal and law enforcement sectors, delivering greater customization capabilities to enable users to operate with a higher overall degree of efficiency, effectiveness and seamlessness. Veritone Redact includes a variety of new features, including but not.

Veritone Redact Enhanced with New Features, Empowering Legal and Law Enforcement to Work More Efficiently, Effectively and Seamlessly

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the leader in enterprise AI software and services, today announced that management will participate in four upcoming investor conferences. Inaugural EF Hutton Global Conference – New York City, NY Thursday, May 11, 2023 1x1 Meetings 18th Annual Needham Technology & Media Conference – New York City, NY Tuesday, May 16 - Wednesday, May 17, 2023 Ryan Steelberg, CEO and Co-founder, will participate in a fireside chat on Tuesday, May 16 fro.

Veritone to Participate in Upcoming Investor Conferences

Veritone, Inc. (NASDAQ:VERI ) Q1 2023 Earnings Conference Call May 2, 2023 4:30 PM ET Company Participants Stefan Norbom - Prosek Partners, IR Ryan Steelberg - CEO and President Mike Zemetra - CFO Conference Call Participants Koji Ikeda - Bank of America Merrill Lynch Darren Aftahi - Roth MKM Nick Mattiacci - Craig-Hallum Operator Good day, and welcome to the Veritone First Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

Veritone, Inc. (VERI) Q1 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today reported results for the first quarter ended March 31, 2023. “Veritone drove disciplined growth through executing on our strategic priorities during the first quarter,” said Ryan Steelberg, CEO & President of Veritone. “We have clear differentiation in our key verticals, demonstrated by our new bookings momentum and record customer count. Today, demand for AI has never been higher.

Veritone Reports First Quarter 2023 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced its Generative AI platform won two prestigious awards at the NAB Show 2023, including the NAB Product of the Year in the AI and Machine Learning category and the IABM BaM (Broadcast and Media) award in the monetization category.

Veritone Generative AI Wins Major Awards at the NAB Show 2023 Including Product of the Year

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced the details of its first quarter 2023 financial results conference call. Veritone will hold a conference call on Tuesday, May 2, 2023, at 4:30 pm Eastern Time (1:30 pm Pacific Time) to discuss its results for the first quarter of 2023, provide an update on the business and conduct a question-and-answer session.

Veritone to Hold First Quarter 2023 Results Conference Call on May 2nd

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the leader in enterprise AI software and services, today announced it will attend the 2023 National Association of Broadcasters (NAB) Show taking place April 16 to 19 at the Las Vegas Convention Center. In addition to exhibiting generative AI and monetization solutions that span the entire content lifecycle at booth #W1410 in the West Hall, Veritone will share its expertise and insights in several engaging sessions.

Veritone to Showcase its Generative AI and Content Monetization Solutions at the 2023 NAB Show

Veritone, Inc. (VERI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Veritone, Inc. (VERI) Surges 8.6%: Is This an Indication of Further Gains?

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, and a leader in enterprise AI software and services, today announced that its Board of Directors has granted equity awards under its Inducement Grant Plan to four new employees, as inducements material to them entering into employment with Veritone in accordance with Nasdaq Listing Rule 5635(c)(4).

Veritone Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leading global provider of digital asset management, licensing and metadata solutions, today announced a comprehensive multi-year partnership extension with Augusta National, Inc. (ANI), the business arm of Augusta National Golf Club, the home of the iconic Masters Tournament.

Veritone Extends Partnership with Augusta National, Delivering Brand Exposure and Boosting Archival Revenue

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Veritone, Inc. (NASDAQ:VERI ) Q4 2022 Earnings Conference Call March 2, 2023 4:30 PM ET Company Participants Brian Alger - SVP, Investor Relations, and Capital Markets Ryan Steelberg - Chief Executive Officer and President Mike Zemetra - Chief Financial Officer Conference Call Participants Darren Aftahi - ROTH MKM Koji Ikeda - Bank of America Aaron Kimson - JMP Securities Nick Mattiacci - Craig-Hallum Operator Good afternoon and welcome to the Veritone Inc. Fourth Quarter and Full-Year 2022 Financial Results Conference Call. All participants will be in listen-only mode.

Veritone, Inc. (VERI) Q4 2022 Earnings Call Transcript

Veritone, Inc. (VERI) delivered earnings and revenue surprises of -28.57% and 1.27%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Veritone, Inc. (VERI) Q4 Earnings and Revenues Miss Estimates

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, and a leader in enterprise AI software and services, today reported results for the fourth quarter and fiscal year ended December 31, 2022. Ryan Steelberg, CEO & President of Veritone commented, “Veritone made significant strategic progress in 2022 and positioned the company for disciplined growth. Q4 new bookings reached another record of $20 million, up 141% year over year.

Veritone Reports Fourth Quarter and Fiscal Year 2022 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, and a leader in enterprise AI software and services, today announced that Audacy, a leading multi-platform audio content and entertainment company, is now leveraging Veritone Attribute. An existing user of Veritone's AI applications, Audacy expands its usage with Veritone Attribute to improve and enhance data and analytics reporting for advertising customers.

Audacy Adds Veritone Attribute to Deliver Enhanced Campaign Metrics to Its Advertisers

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, and the leader in enterprise AI software and services, today introduces Veritone Generative AI, an enterprise-grade Platform-as-a-Service (PaaS) that natively supports and orchestrates public large language models — such as GPT-3 and ChatGPT — as well as domain-specific large language models.

News for Veritone Stock (VERI)