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)--For a fifth time, Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, won NAB Product of the Year for the company's recently launched Ask Veri. The new conversational intelligence solution that empowers Veritone Digital Media Hub (“DMH”) users to quickly extract actionable insights and execute dynamic workflows from their media archive data through a generative AI-enabled, chat-based tool, secured the 2024 NAB Product of the Year award in t.

Veritone Clinches 2024 NAB Product of the Year Award for a Fifth Time with Generative AI Solution

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced the details of its first quarter 2024 financial results conference call. Veritone will hold a conference call on Tuesday, May 7, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results for the first quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and a.

Veritone to Hold First Quarter 2024 Results Conference Call on May 7th

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced feature enhancements to its Advertising and Content Intelligence Suite designed to embrace data privacy while helping to safeguard ad revenues. Veritone's Advertising and Content Intelligence Suite is a comprehensive set of AI-powered applications and solutions that help media organizations, advertisers, and broadcasters optimize their content, advertising campaigns, and au.

Veritone Enhances Advertising and Content Intelligence Suite to Support Future-Proofing of Client Broadcast Revenues

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, and Grabyo, a leading cloud video platform for live broadcasting, live clipping and distribution, today announced an integration that creates a connected workflow to streamline live digital content production and leverage AI-driven content management and monetization tools to meet the evolving needs of sports organizations in today's fast-paced digital landscape. Through the partnership, V.

Veritone and Grabyo Partner to Create AI-Powered Live Clipping, Asset Management and Monetization Solution

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today unveils details of its participation at the 2024 NAB Show in Las Vegas from April 13 to 17. In booth W1642 in the Las Vegas Convention Center West Hall, Veritone will exhibit a variety of AI-powered demos that help media, entertainment and sports organizations redefine media management, rediscover archival footage, reimagine content creation and reconnect across audiences. “We are th.

Veritone to Showcase Innovative AI Solutions, Including New Ask Veri Tool, at the 2024 NAB Show

--(BUSINESS WIRE)--Veritone, Inc: WHAT: Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, and The Center for Sales Strategy, a sales performance consulting company, are producing a new webinar, “An Exclusive Debrief: Using AI to Solve Broadcast Media's Measurement Issue.” The webinar will feature a thought-provoking discussion where advertising industry experts Paul Cramer and Stephanie Callihan explore the issues facing radio and television broadcast media, spec.

MEDIA ADVISORY: Broadcast Media Has a Measurement Issue; Can AI Solve It?

Veritone (VERI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Veritone (VERI) Moves 23.0% Higher: Will This Strength Last?

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today launched Ask Veri, a new conversational intelligence solution that empowers Veritone Digital Media Hub (“DMH”) users to quickly extract actionable insights and execute dynamic workflows from their media archive data through a generative AI-enabled, chat-based tool. Ask Veri is an integrated solution on Veritone's aiWARE platform, and soon will be available across the majority of Veri.

Veritone Launches Ask Veri to Empower Customers to Talk to Their Data for Actionable Insights and Workflow Activation

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced that a primary state law enforcement agency will use Veritone Redact to automate its audio and video redaction workflows, reducing lengthy manual processes and addressing their Freedom of Information Act (“FOIA”) request backlog. The deal was made possible through a channel partnership with WSI Technologies, a public sector-focused technology and solutions provider. Given t.

Veritone Partners with WSI Technologies to Automate Public Records Requests for Primary State-Wide Law Enforcement Agency

Veritone, Inc. (VERI) Q4 2023 Earnings Call Transcript

Veritone, Inc. (VERI) came out with a quarterly loss of $0.16 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.

Veritone, Inc. (VERI) Reports Q4 Loss, Tops Revenue Estimates

DENVER--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI) (“the Company”), a leader in designing human-centered AI solutions, today reported results for the fourth quarter and fiscal year ended December 31, 2023. “I am pleased with our performance in the fourth quarter, and extremely excited about our prospects for 2024. For the balance of the past year, we executed and progressed against the strategic initiatives we set in motion at the beginning of 2023, continuing through the first quarter of 2.

Veritone Reports Fourth Quarter and Fiscal Year 2023 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today launched its new Intelligent Digital Evidence Management System (“iDEMS”) which leverages AI to modernize existing digital evidence management systems. iDEMS helps public safety and judicial agencies extract valuable data and insights to solve investigations more efficiently by automating workflows from data silos into a secure, centralized AI-driven system that significantly improve.

Veritone Launches AI-Powered iDEMS for Public Safety and Judicial Agencies

PARIS & DENVER--(BUSINESS WIRE)--Dalet, a leading technology and service provider for media-rich organizations, and Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced a technology partnership that integrates the Dalet Flex media workflow ecosystem with Veritone's AI-powered Digital Media Hub (“DMH”), featuring its commerce and monetization capabilities. The integration enables a seamless workflow from content creation through production, curation,.

Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and solutions, today announced that it has implemented various restructuring initiatives with the purpose of optimizing Veritone's organizational structure and accelerating its path to profitability. These initiatives, which began in January 2024, include a workforce reduction that will impact approximately 14% of Veritone's worldwide workforce, with the majority of these workforce actions being completed.

Veritone Announces Restructuring Initiatives

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced the details of its fourth quarter and full year 2023 financial results conference call. Veritone will hold a conference call on Tuesday, March 12, 2024, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its results for the fourth quarter and full year 2023, provide an update on the business and conduct a question-and-answer session. To participate, please join t.

Veritone to Hold Fourth Quarter and Full Year 2023 Results Conference Call on March 12

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LONDON--(BUSINESS WIRE)--Airspeeder, the world's first racing series for crewed electric flying cars, has partnered with Veritone Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, to use its Digital Media Hub (“DMH”) as the foundation for current and future media platform activities. In a multi-year deal that will enhance the growth of the new sport, Airspeeder digital media, broadcast content and data is being managed in DMH and leveraged for distribution, monetisation, A.

Airspeeder, Veritone and base Revolutionise eVTOL Racing Series With Digital Media Hub Partnership

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced a content licensing agreement with Orchard Clips, a division of UK-based OR Media Group and a preeminent source of Middle Eastern content. Orchard Clips will leverage Veritone's extensive network of buyers to enhance content licensing opportunities in the Americas and generate additional revenue. “We see tremendous potential in our partnership with Veritone,” said Luke Smed.

Veritone Announces Licensing Deal with Orchard Clips to Increase Accessibility of International Content

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Veritone, Inc. (NASDAQ:VERI ) Q3 2023 Earning Conference Call November 8, 2023 8:30 AM ET Company Participants Ryan Steelberg - Chief Executive Officer, President Mike Zemetra - Chief Financial Officer Stefan Norbom - Investor Relations Conference Call Participants Darren Aftahi - ROTH Chad Bennett - Craig-Hallum Jason Park - UBS Operator Good morning, and welcome to the Veritone Inc. Third Quarter 2023 Financial Results Conference Call. All participants will be in listen-only.

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