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)--Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced the details of its third quarter 2020 results conference call. Veritone will hold a conference call on Monday, November 9, 2020 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its results for the third quarter of 2020, provide an update on the business, and conduct a question and answer session. To listen, pleas

Veritone to Hold Third Quarter 2020 Results Conference Call on November 9th

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced that as part of a planned transition its Board of Directors has appointed Michael L. Zemetra as Executive Vice President, Chief Financial Officer and Treasurer, effective today. “As our aiWARE business accelerates, we are very pleased to add an industry veteran like Mike to the Veritone leadership team,” Veritone Chairman and

Veritone Appoints New Chief Financial Officer in Planned Transition

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 entered the energy sector with Veritone Energy, a suite of proprietary, predictive AI solutions that will help utilities increase profitability and improve grid reliability as they make the transition to renewables. “We are thrilled to be adding a new vertical to our growing customer bases in the Media & Entertainm

Veritone Brings Efficiency and Optimization to Smart Grids with Real-Time Predictive AI

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 new strategic alliance with George Jon, a forensic, eDiscovery and compliance platform, product and service specialist. This strategic alliance enables George Jon’s Kits (technology platforms) to leverage Veritone aiWARE as an additional kit standard, accelerating the rapid discovery of actionable evidence critical to eDisc

Veritone aiWARE Powers George Jon’s eDiscovery Platform, Accelerating Evidence Discovery and Analysis

AI-company Veritone (VERI) is seeing its stock take off Friday following news of a 1.3 million deal with the U.S Air Force.
The post AI News: Veritone (VERI) Stock Soars 15% on U.S.

AI News: Veritone (VERI) Stock Soars 15% on U.S. Air Force Subcontracts

COSTA MESA, Calif.--(BUSINESS WIRE)-- #AFWERX--Veritone, Inc.

Veritone Awarded $1.3 Million of Subcontracts Under U.S. Air Force Program to Enhance Satellite Imagery Analysis

COSTA MESA, Calif.--(BUSINESS WIRE)-- #AI--Veritone, Inc.

New Study Reveals Artificial Intelligence Plays Critical Role in Maximizing TV and Radio Ad Performance

Veritone Executives to Lead Sessions at Cognilytica’s Data For AI Virtual Conference

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc.

Veritone to Participate at the DA Davidson 19th Annual Software & Internet Conference

Veritone, Inc. (VERI) CEO Chad Steelberg on Q2 2020 Results - Earnings Call Transcript

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone Reports Financial Results for the Second Quarter of 2020

Veritone Reports Financial Results for the Second Quarter of 2020

The AI company's share price lost ground last month, but it's still up more than 400% in 2020.

Why Veritone Stock Fell 23.8% in July

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COSTA MESA, Calif.--(BUSINESS WIRE)-- #AI--Veritone Inc.

Veritone and WideOrbit Integration Yields Newfound Metrics of Success for Gray Television

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 the company is experiencing rapid adoption of its AI-enabled public safety solutions. Hosted securely in the cloud and accessible from any browser, the Veritone suite of applications is designed to enable the public safety sector to increase efficiency and accelerate evidence search and discovery, as well as video and aud

Adoption of Veritone’s AI-Powered Public Safety Solutions Grows Across the U.S. as Public Safety Agencies Seek to Increase Transparency and Accountability

The AI company boosted its guidance for the second quarter.

Why Veritone Stock Is Surging Today

As of late, it has definitely been a great time to be an investor in Veritone.

Veritone's Shares March Higher, Can It Continue?

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Recovering from a drop of 20% in Q1, the broader S&P 500 rallied around 20% in Q2, the biggest quarterly gain in more than two decades.

Wall Street Sees Best Quarter After 1998: 5 Top Winners

After a 700% rally from 23rd March, we believe Veritone’s stock does not have room to grow based on its valuation. Veritone’s stock has rallied from $2 to $17 off the recent bottom compared to the S&P which moved 38%.

Veritone – Too High To Enter?

COSTA MESA, Calif.--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leading provider of artificial intelligence (AI) technology and solutions, has been added as a member of the small-cap Russell 2000® Index and broad-market Russell 3000® Index, effective after the US market opens on June 29, as part of the 2020 reconstitution of the Russell indexes. The Company’s stock was also automatically added to the corresponding Russell growth and value indexes. “We are pleased to have Veritone’s shares

Veritone Joins Russell 2000 and 3000 Indexes

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The S&P 500 is up 21.2% so far in Q2 and is on pace for its biggest quarterly gain since Q1 of 1975. Similarly, the Nasdaq is up 31.6% since the end of Q1, putting it on pace for its second-best quarter ever.

Wall Street Readies for Best Quarter Ever: 5 Picks

Veritone (VERI) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

Veritone (VERI) in Focus: Stock Moves 9.1% Higher

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 significant new release of its media search and analysis application, Veritone Discovery. The aiWARE-powered application now offers a completely retooled user experience that includes a robust new analytics suite, allowing for advanced customization and data visualization. Featuring a highly intuitive user interface design,

Veritone Introduces Major New Release of Its Flagship Application Veritone Discovery

Shareholders of Veritone, an artificial intelligence company, have seen phenomenal gains in recent months, but will they be able to keep them?

News for Veritone Stock (VERI)