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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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced it integrated Veritone Digital Media Hub, one of its content licensing technology applications, with iconik's cloud-native media management platform. With the combined power of Veritone Digital Media Hub and iconik, media organizations can now easily manage, share and license their content, while speeding the path from media creation to management to monetization.

Veritone and iconik Partner to Power Media Organizations' Digital Content Monetization Capabilities

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today unveiled its next-generation Veritone Voice. The recent acquisition of synthetic voice pioneer VocaliD introduces upgrades including new application capabilities, over 70 premium voice-over AI voices available to license, hundreds of stock voices and multiple new languages. The newest enhancements further advance Veritone Voice to give content creators and publishers one of

Veritone Enhances its Multi-Award Winning AI-Driven Voice Solutions with Advanced Capabilities for Content Creators and Brands

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced its participation at IBC2022 in Amsterdam. IBC brings together leaders from the entertainment and technology industries, where Veritone will showcase its array of award-winning AI solutions designed to increase revenue opportunities, efficiencies, scaled operations and enterprise-level migration to the Web3 metaverse. Through Veritone's AI offerings, content creat

Veritone to Showcase Award-Winning AI Solutions at the International Broadcasting Conference 2022, September 9-12

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today launched Veritone Voice Network, a multilingual custom AI voice solution and podcast monetization service that combines synthetic voice creation and AI translation services to localize podcasts and grow ad revenues and audiences. The new technology service offering supports the goals of podcast networks to expand into foreign language and international markets in an authent

Veritone Voice Network Provides Multilingual Custom AI Voice Services to Podcast Networks, including Entourage Star Kevin Connolly's ActionPark Media

Veritone, Inc. (NASDAQ:VERI ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Brian Alger – Senior Vice President-Investor Relations and Capital Markets Chad Steelberg – Chairman and Chief Executive Officer Ryan Steelberg – President Mike Zemetra – Chief Financial Officer Conference Call Participants Koji Ikeda – BofA Darren Aftahi – ROTH Capital Partners Chad Bennett – Craig-Hallum Pat Walravens – JMP Securities Operator Good day, and welcome to the Veritone Second Quarter 2022 Financial Results Conference Call. All participants will be in a listen-only mode.

Veritone, Inc.'s (VERI) CEO Chad Steelberg on Q2 2022 Results - Earnings Call Transcript

Veritone, Inc. (VERI) delivered earnings and revenue surprises of -122.22% and 9.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Veritone, Inc. (VERI) Reports Q2 Loss, Lags Revenue Estimates

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today reported results for the second quarter ended June 30, 2022. “For the second quarter of 2022, Veritone reported revenue of $34.2 million, representing year-over-year growth of 78 percent on a GAAP basis and 2 percent on a Pro Forma basis. Over the same period, bookings in the quarter nearly doubled and our customer count grew 42%, both on a Pro Forma basis,” said Chad Steel

Veritone Reports Second Quarter 2022 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, today announced, through its partnership with AITHERAS, a new contract that will enable the Department of Justice (DOJ) Antitrust Division's (ATR) eDiscovery and litigation groups to use Veritone's aiWARE platform transcription, translation and redaction applications. AITHERAS, a leader in litigation support services that has worked with commercial and federal clients, supported

Veritone and U.S. Department of Justice Expand Relationship with Antitrust Division Contract

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, has announced that The Playbook podcast featuring David Meltzer will use Veritone Voice to offer its content in Spanish to serve the Latinx market. Already offering this content in English, Meltzer plans to expand his audience reach to Spanish audiences, acting as a key use case in how AI-enabled voice can help promote cultural and language barriers and enable unique voices to re

Veritone Voice Breaks Language Barriers with David Meltzer's The Playbook Podcast Reaching Over 500 Million Spanish Speakers

Amazon

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise artificial intelligence (AI) platform, has announced an extension of its work with Amazon (NASDAQ: AMZN) and Amazon Web Services (AWS) to support its Media & Entertainment (M&E) customers. Last year, Veritone joined the AWS for Media & Entertainment initiative that helped content creators, rights holders, producers and distributors easily identify industry-specific AWS capabilitie

Veritone Creates AI-Driven Revenue Opportunities for Enterprise Media & Entertainment Companies on AWS

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, and AINS, LLC, the leader in low-code, specialized case management software for government, today announced a strategic partnership to enable public institutions to automate the redaction of sensitive information within audio, video, and image-based records and increase transparency by expediting the release of public records requests. As part of this collaborative partnership, A

Veritone Redact Now Integrated with AINS FOIAXpress Platform to Help Federal Agencies Reduce Time, Money, and Resources Spent on Public Records Requests and the Redaction of Sensitive Information

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of the intelligent distributed energy resource management (iDERMS) platform, today announced Positive Energy selected its iDERMS Forecaster to predict the remaining useful life of their battery storage assets. Focused on repurposing electric vehicle (EV) batteries for second-life application and providing energy as a service (EaaS), Positive Energy will utilize Veritone's Forecaster to enable the accurate prediction of battery long

Positive Energy Selects Veritone for Predicting the Remaining Useful Life of Electric Vehicle Batteries

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, announced that Mike Zemetra, CFO, and Brian Alger, SVP Investor Relations and Capital Markets, will present and hold virtual one-on-one meetings at BofA's SMID Cap Ideas Conference. BofA SMID Cap Ideas Conference Wednesday, August 10, 2022 Virtual one-on-one meetings Veritone management will participate in a moderated fireside chat on Wednesday, August 10, 2022, from 10:30 to 11:

Veritone to Participate in BofA Securities' 2022 SMID Cap Ideas Conference

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of iDERMS, an intelligent distributed energy resource management platform, today announced its iDERMS Designer was selected by Empower Energies, one of the leading turnkey providers of clean energy solutions in the United States, to provide an optimal distributed energy resource (DER) sizing solution for a multi-facility development project in Electric Reliability Council of Texas (ERCOT). Veritone's iDERMS Designer was used to det

Empower Energies Selects Veritone iDERMS™ Designer for a Hybrid Solar + Battery Energy Storage System (BESS)

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, announced today the details of its second quarter financial results conference call. Veritone will hold a conference call on Tuesday, August 9, 2022, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its results for the second quarter 2022, provide an update on the business, and conduct a question-and-answer session. To participate, please join the audio webcast or di

Veritone to Hold Second Quarter 2022 Results Conference Call on August 9th

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of iDERMS, an intelligent distributed energy resource management platform, today announced it has been named a key player in the 2022 Guidehouse Insights Leaderboard Report for Virtual Power Plant (VPP) Platform Vendors. As energy markets continue to evolve toward a greater reliance on distributed energy resources (DER) that generate, consume, or store electricity creating a two-way power flow dynamic, Veritone's AI-driven intellig

Veritone Named Key Industry Player in 2022 Guidehouse Insights Leaderboard Report for Virtual Power Plant Platform Vendors

DENVER--(BUSINESS WIRE)-- #5G--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced that the Porterville Police Department is now successfully utilizing its intelligent stop data collection and reporting application Veritone Contact to meet the stringent requirements of the California AB 953 Racial and Identity Profiling Act (RIPA) which, rolling out in waves since July 2018, went into full effect for over 500 California Law Enforcement Agencies

Porterville Police Department Joins Growing List of California Law Enforcement Agencies Successfully Utilizing Veritone Contact to Meet California AB 953 Racial and Identity Profiling Act Requirements

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, will make Veritone Digital Media Hub, Veritone's AI-infused digital asset management (DAM) solution, available in German for the first time. Germany-based film distributor PROGRESS, founded in 1950 in East Berlin as the only film distribution company in the German Democratic Republic (GDR), preserves, digitizes and licenses more than 20,000 films of historical significance to fil

Veritone Launches Multi-language Support for Digital Media Hub to Serve PROGRESS' 20,000 Film Archive

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced the acquisition of VocaliD, Inc., a U.S.-based company that pioneered the creation of personalized synthetic voices. VocaliD will enhance Veritone's existing synthetic voice offerings for commercial enterprise including brands, podcasters, broadcasters, studios, publishers and corporations. With the addition of VocaliD, Veritone Voice has the ability to control an

Veritone Acquires Artificial Intelligence Voice Creator VocaliD

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced its sponsorship of the Snowflake Summit 2022, a flagship event running June 13 to 16 in Las Vegas that focuses on the “World of Data Collaboration.” “As a key technology partner of Snowflake, we are proud to sponsor this premier event,” said Greg Loose, Veritone's aiWARE Chief Operating Officer. “With Veritone's aiWARE and the Snowflake Data Cloud, Snowflake custo

Veritone to Sponsor Snowflake Summit 2022: The World of Data Collaboration

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today unveiled Navigate, a new application custom designed for Veritone One—its full-service performance-based audio and influencer advertising agency. Built on aiWARE, Navigate automates analysis and empowers transparency to the impact of influencer and media placement that for most advertisers is still beyond their grasp. Veritone One's decision-making empowers the world's most

Veritone Navigate Unlocks World's Largest Repository of Audio and Influencer Metadata

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, today announced it has signed a deal with the United States Golf Association (USGA), expanding Veritone's existing championship video archival partnership with the USGA to include programmatic licensing of USGA's video archive. Renowned for its 15 national championships, where the world's top amateur and professional golfers compete at some of the most iconic venues in America, t

Veritone Expands Partnership with the United States Golf Association to Include Programmatic Licensing of Iconic Golf Championships

Veritone, Inc. (NASDAQ:VERI ) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Brian Alger - SVP, Corporate Development & IR Chad Steelberg - Chairman & CEO Ryan Steelberg - President & Director Michael Zemetra - EVP, CFO & Treasurer Conference Call Participants Koji Ikeda - Bank of America Merrill Lynch Patrick Walravens - JMP Securities Darren Aftahi - ROTH Capital Partners Karl Keirstead - UBS Chad Bennett - Craig-Hallum Michael Latimore - Northland Capital Markets Robert Galvin - Stifel, Nicolaus & Company Operator Welcome to the Veritone First Quarter 2022 Financial Results Conference Call. [Operator Instructions].

Veritone, Inc. (VERI) CEO Chad Steelberg on Q1 2022 Results - Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today reported results for the first quarter ended March 31, 2022. “For the first quarter of 2022, Veritone delivered growth with GAAP revenue up 88%, Pro Forma revenue up 45%, new bookings up 292%, non-volume hiring customers up 100%, and software customers up 45% versus first quarter of 2021,” said Chad Steelberg, Chairman and CEO of Veritone. “More importantly, looking ahead,

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