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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COSTA MESA, Calif.--(BUSINESS WIRE)-- #AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, together with Base Media Cloud, today announced a new six-year agreement with Extreme E through their production partners Aurora Media Worldwide and North One. Extreme E is a sports organization that uses groundbreaking electric SUVs to race in remote parts of the world while raising awareness for climate change. The Extreme E series will la

Veritone and Base Media Cloud Announce Six-Year Agreement with Extreme E to Enable Global Content Distribution and Instant Accessibility

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 it has been named to the Forbes 2021 list of America's Best Small-Cap Companies. Veritone earned its spot among Forbes' list of the top 100 high-performing small-cap companies due to its more than 550% 52-week return through November 25, 2020 and its year-over-year revenue growth for the twelve-month period ended September 30

Veritone Named to Forbes' 2021 List of Best Small-Cap Companies in America

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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 a strategic relationship with Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA), to deliver AI-powered insights into unstructured data sources, including video, images, audio and text, to Alteryx customers. Veritone joins Alteryx's Partner Alliances program, integrating aiWARE with the Alteryx platform

Veritone and Alteryx Announce Strategic Relationship to Power the Alteryx Analytic Process Automation Platform With New, Advanced AI Capabilities

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world's first operating system for artificial intelligence (AI), aiWARE™, is scheduled to participate in the 23rd Annual Needham Virtual Growth Conference being held virtually on January 11-15, 2021. Veritone management is scheduled to present on Monday, January 11, 2021 at 1:15 pm Pacific Time/ 4:15 pm Eastern Time. The company's presentation will be webcast and available for replay here. Management will als

Veritone to Participate at the 23rd Annual Needham Virtual Growth Conference

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While the Russell 2000 Index has moved up 19.4% on a year-to-date basis, Nautilus (NLS), Trex (TREX), Deckers (DECK), Overstock.com (OSTK) and Veritone (VERI) have put up a stellar performance. The momentum is expected to continue in 2021.

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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 (AI), aiWARE™, today announced the public launch of Veritone Automate Studio, a low-code, web-based workflow designer tightly integrated with aiWARE. Automate Studio helps organizations embarking on intelligent process automation (IPA) and hyperautomation initiatives to rapidly deploy AI-powered workflows without heavy coding and AI expertise, and int

Veritone Launches Automate Studio to Accelerate AI-Based Digital Transformation Initiatives

COSTA MESA, Calif.--(BUSINESS WIRE)-- #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 premier sports entities, news organizations and user-generated networks, today announced a new content licensing agreement with Brave Bison (LSE: BBSN), a London-based international social video company specializing in cross-platform video content. As creatives' dem

Veritone Licensing Announces Agreement with Brave Bison to Expand Global User-Generated Content Library

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. Announces Closing of $63.8 Million Upsized Public Offering of Common Stock

Veritone, Inc. Announces Closing of $63.8 Million Upsized Public Offering of Common Stock

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 achieved Amazon Web Services (AWS) Public Safety & Disaster Response (PSDR) Competency status. This designation recognizes that Veritone provides proven AI technologies and solutions for Public Safety to help customers leverage the power of AWS to foster transparency and protect the public. Achieving the AWS P

Veritone Achieves AWS Public Safety & Disaster Response Competency

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI), a leading provider of artificial intelligence (AI) technology and solutions, today announced that it has priced its previously announced underwritten public offering consisting of 3,000,000 shares of its common stock, at a public offering price of $18.50 per share. In addition, Veritone, Inc. has granted the underwriters for the offering a 30-day option to purchase up to an additional 450,000 shares of common stock offered in t

Veritone, Inc. Prices Public Offering of Common Stock

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. Announces Proposed Public Offering of Common Stock

Veritone, Inc. Announces Proposed Public Offering of Common Stock

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 significant enhancements to its campaign analytics and attribution applications, Veritone Discovery and Veritone Attribute, benefiting both existing and new broadcast customers. The aiWARE applications currently power nearly 1,500 stations globally with seamless metadata automation, content tracking and enterprise-level adver

Veritone Adds New Capabilities to Its AI-Enabled Campaign Analytics and Attribution Applications

COSTA MESA, Calif.--(BUSINESS WIRE)-- #AI--Veritone, Inc., (Nasdaq: VERI), the creator of the world's first operating system for artificial intelligence (AI), aiWARE™, today announced it now supports the NVIDIA® CUDA® platform, enabling organizations across the public and private sectors to run intensive AI and machine learning (ML) tasks on NVIDIA GPUs, whether on-premises or in the Microsoft Azure and Amazon Web Services (AWS) clouds. This Veritone innovation unlocks new performance levels for orga

Veritone aiWARE Now Supports NVIDIA CUDA for GPU-based AI and Machine Learning

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 received three new patents for its battery control technology, bringing the total number of issued patents covering its Veritone Energy Solutions to 13, with another 16 patent applications pending. The new patented technologies enable dynamic, real-time synchronization and control of batteries to ensure optimal po

Veritone Extends Its Technology Lead In Renewable Energy Optimization With Three New Patents

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Two new breakout stocks for Week 47 with better than 10% short-term upside potential. This past week one out of four stocks gained over 10%+ with YCBD +19.5% at the peak and the portfolio closed -8.72% with worst case equal-weight buy/hold.

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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™, and provider of digital content licensing services on behalf of the world's premier sports entities, news organizations and user-generated content networks, today announced it now offers comprehensive audio content monetization and licensing services for audio creators, including podcasters, broadcasters and audio advertisers. As one of the

Veritone Launches Premium Audio Licensing Library and Services

Veritone, Inc. (VERI) CEO Chad Steelberg on Q3 2020 Results - Earnings Call Transcript

COSTA MESA, Calif.--(BUSINESS WIRE)-- #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 premier sports entities, news organizations and user-generated content networks, today announced that CBS News has renewed its longstanding content licensing agreement with Veritone. For more than ten years, CBS News and Veritone have served as a valuable resource f

Veritone Renews Agreement with CBS News and Further Expands Content Licensing Library

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 a strategic relationship with GovQA, LLC, a leading provider of automated workflow solutions for government compliance, to enable state and local government agencies to increase transparency and expedite the release of public records requests. The collaboration, which integrates the aiWARE-powered application Veritone Redact

Veritone and GovQA Forge Strategic Relationship to Provide AI-Powered End-to-End Compliance Solution

COSTA MESA, Calif.--(BUSINESS WIRE)-- #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 premier sports entities, news organizations and user-generated content networks, today announced the launch of its 2020 professional basketball draft experience site, DraftClips.com. Built on Veritone Digital Media Hub and powered by Veritone aiWARE, DraftClips.com p

Veritone Launches New DraftClips.com Site Featuring Exclusive, AI-Enabled Basketball Footage

COSTA MESA, Calif.--(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 November and December 2020: JMP Securities Small-Cap Technology Forum Date: November 10, 2020, Time: 2:00-2:25pm ET (11:00-11:25am PT) Stifel Midwest One-on-One Growth Conference Date: November 11-12, 2020 Roth Technology Virtual Conference Date: November 11-1

Veritone to Participate in Six Upcoming Investor Conferences

COSTA MESA, Calif.--(BUSINESS WIRE)-- #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 premier sports entities, news organizations and user-generated networks, today announced a new agreement with South China Morning Post, a leading global news company that has reported on China and Asia for more than a century. The agreement gives Veritone the exclusi

Veritone Licensing Expands Global News Library with Exclusive Agreement with the South China Morning Post

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Investors need to pay close attention to Veritone (VERI) stock based on the movements in the options market lately.

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