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

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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.

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DENVER--(BUSINESS WIRE)--Veritone to Provide Six Months of Video Redaction Software to Law Enforcement Agencies in Receipt of BOJ Grant for Body-Worn Cameras

Veritone to Provide Six Months of Video Redaction Software to Law Enforcement Agencies in Receipt of Bureau of Justice Assistance (BJA) Grant for Body-Worn Cameras

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, is scheduled to participate in the following conferences: D.A. Davidson Bison Select Virtual Conference Wednesday, August 4 Virtual 1x1 meetings Oppenheimer 24th Annual Technology, Internet & Communications Conference Wednesday, August 11 Presentation at 10:15 am Pacific Time/1:15 pm Eastern Time. Virtual 1x1 meetings Presentations and webcast are a

Veritone, Inc. to Participate at the Oppenheimer and D.A. Davidson Conferences in August

DENVER--(BUSINESS WIRE)---- $VERI #AI--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced the details of its second quarter 2021 financial results conference call. Veritone will hold a conference call on Tuesday, August 3, 2021, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its results for the second quarter 2021, provide an update on the business, and conduct a question and answer session. To listen, please j

Veritone to Hold Second Quarter 2021 Results Conference Call on August 3rd

DENVER--(BUSINESS WIRE)-- #AI--Veritone releases new version of its aiWARE operating system for AI

Veritone Releases New Version of Its aiWARE Operating System for AI

DENVER--(BUSINESS WIRE)-- #artificialintelligence--Veritone Announces Device Learning Model for SMA Sunny Central Solar Inverters, Driving Grid Reliability in the Global Transition to Green Energy

Veritone Announces Device Learning Model for SMA Sunny Central Solar Inverters, Driving Grid Reliability in the Global Transition to Green Energy

Artificial intelligence (A.I.) operating system, aiWARE creator Veritone Inc (NASDAQ: VERI) won a new U.S. patent for its Conductor technology that performs dynamic A.I.

Veritone Bags 14th US Patent For Dynamic AI Model Orchestration

DENVER--(BUSINESS WIRE)---- $VERI #ConductorDNN--Veritone awarded its 14th US patent for technology that performs dynamic AI model orchestration through a proprietary deep neural network.

Veritone Awarded US Patent for Dynamic AI Model Orchestration

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced management will participate in the upcoming virtual conferences in June 2021: 2021 Virtual Cross Sector Insight Conference Presentation: June 10, 2021 at 2:40-3:10pm ET (11:40am-12:10pm PT) One-on-one meetings Roth Virtual London Conference Date: June 21-23, 2021 Participating in one-on-one meetings only, over the 3 days of the conferenc

Veritone, Inc. to Participate in Upcoming Investor Conferences

DENVER--(BUSINESS WIRE)---- $VERI #AI--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, and provider of digital content licensing services on behalf of the world's largest media companies, world's premier sports entities, news organizations and user-generated content (UGC) networks, today announced the launch of Veritone MARVEL.ai, an end-to-end Voice-as-a-Service (VaaS) solution that immediately enables media companies, brands, marketers,

Veritone Launches MARVEL.ai, a Complete End-to-End Voice-as-a-Service Solution, to Create and Monetize Hyper-Realistic Synthetic Voice Content at Commercial Scale

DENVER--(BUSINESS WIRE)-- #AI--Upgrades to Veritone Digital Media Hub help media and sports companies quickly find, identify, and integrate existing content into creative projects

Veritone Enhances Its AI-Powered Media Management Platform to Accelerate Content Discoverability, Sharing and Monetization

DENVER--(BUSINESS WIRE)--Veritone, Inc. to Participate at the 16th Annual Needham Virtual Technology & Media Conference

Veritone, Inc. to Participate at the 16th Annual Needham Virtual Technology & Media Conference

DENVER--(BUSINESS WIRE)-- #AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced Veritone's Interaction Analytics solutions, pre-configured AI solutions for conversational intelligence that automatically extract insights from customer interactions including voice calls, texts, emails, chats, social streams, images and videos in near-real-time, enabling better decision-making while boosting revenues, reducing operatio

Veritone Introduces Interaction Analytics, Providing Near-Real-Time Insights From Customer Touchpoints

Veritone, Inc. (VERI) CEO Chad Steelberg on Q1 2021 Results - Earnings Call Transcript

DENVER--(BUSINESS WIRE)---- $VERI #earnings--Veritone Exceeds Top- and Bottom-Line Guidance for Q1 2021, Reporting Record Revenue up 54% Year over Year

Veritone Exceeds Top- and Bottom-Line Guidance for Q1 2021, Reporting Record Revenue up 54% Year over Year

DENVER--(BUSINESS WIRE)-- #AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, announced support for the AWS for Media & Entertainment initiative from Amazon Web Services (AWS) to simplify how content owners organize, share and monetize their media content. AWS for Media & Entertainment is an initiative featuring new and existing services and solutions from AWS and AWS Partners, built specifically for content creators, rig

Veritone Announces Support for AWS for Media & Entertainment Initiative

DENVER--(BUSINESS WIRE)-- #AI--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced its new Grid Reliability in Device (GRID) initiative, an aggressive plan to embed Veritone's intelligent predictive controllers into common renewable grid assets, including solar and storage inverters, battery storage systems, EV chargers, wind turbines and hydroelectric power systems. The Company expects this initiative to simplify dist

Veritone Announces GRID Initiative to Improve Grid Reliability in the Global Transition to Green Energy

DENVER--(BUSINESS WIRE)-- #AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced that it has extended its agreement with Audacy (NYSE: ETM), a scaled, multi-platform audio content and entertainment company with the country's best radio broadcasting group, a leader in virtually every segment of audio, and America's #1 creator of original, premium audio. Formerly known as Entercom, Audacy was one of the earliest adopte

Veritone Extends Agreement with Audacy, Bringing In-Depth, AI-Powered Analytics to Dynamic Audio Content

DENVER--(BUSINESS WIRE)---- $VERI--Veritone to Hold Virtual Investor Day and Technology Expo on May 14, 2021

Veritone to Hold Virtual Investor Day and Technology Expo on May 14, 2021

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone to Hold First Quarter 2021 Results Conference Call on May 4th

Veritone to Hold First Quarter 2021 Results Conference Call on May 4th

DENVER--(BUSINESS WIRE)--Veritone Energy Solutions wins highest honors in Business Intelligence Group annual AI industry awards program

Veritone Wins 2021 Artificial Intelligence Excellence Award for Second Consecutive Year

Veritone, Inc. (VERI) CEO Chad Steelberg on Q4 2020 Results - Earnings Call Transcript

Shares of Veritone (NASDAQ:VERI) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 57.58% over the past year to ($0.14), which beat the estimate of ($0.15).

Recap: Veritone Q4 Earnings

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leading provider of artificial intelligence (AI) technology and solutions, today reported results for the fourth quarter and year ended December 31, 2020. Veritone reported record revenue of $16.8 million and $57.7 million for the fourth quarter and full year of 2020, respectively, reflecting record contributions in both periods from aiWARE SaaS Solutions and Advertising. For the fourth quarter of 2020, GAAP net loss was $12.4 million an

Veritone Beats Top- and Bottom-Line Guidance with Record Q4 and Full Year 2020 Financial Results

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COSTA MESA, Calif.--(BUSINESS WIRE)-- #AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced that it has been recognized as the winner of the Industry Star Award in the 13th Annual Media Excellence Awards. The Industry Star Award honors one company each year that has defined groundbreaking and innovative technologies that have changed the way consumers interact with business to enhance their everyday lives. Veritone'

News for Veritone Stock (VERI)