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 Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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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,

Veritone Reports First Quarter 2022 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, an expansive Enterprise AI platform, today announced that Globo, South America's largest media company, has selected Veritone aiWARE to provide automated search and discovery for its +2,800 hours of annual sports content. Running on Google Cloud's platform, Veritone aiWARE enables Globo to quickly and easily discover its digital media clips and sports moments for use in highlight reels, films, documentaries, social post

Globo, South America's Largest Media Company, Selects Veritone to Provide Automated Search and Discovery for Sports Content

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced that its newly launched Veritone Avatar solution has been named a 2022 NAB Show Product of the Year Award winner in the Capitalize category for AI and Machine Learning. Recognized for innovative technology that is enabling users to create new revenue streams and fuel the content economy, Veritone demonstrates the power of Veritone Avatar in significantly expanding

Veritone Wins 2022 NAB Product of the Year Award for Newly Launched VeritoneAvatar Solution

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, a hyper-expansive enterprise AI platform, today announced its intelligent distributed energy resource management solution (iDERMS) has been selected by Marubeni Corporation, one of the largest Japanese integrated trading and investment business conglomerates, to provide price, demand and generation forecasts at their pilot project in the California Independent System Operator (CAISO) SP-15 region. In addition to day-ahe

Marubeni Corporation to Implement Veritone's AI-powered iDERMS Forecasting Solution at Solar and Energy Storage Pilot Plant in California

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced it will attend the 2022 NAB Show taking place April 23 to 27 at the Las Vegas Convention Center. In addition to exhibiting its media solutions that span the entire content lifecycle at Booth #W4716, Veritone will share its expertise and insights, highlighting new Veriverse enterprise solutions in two engaging sessions. “We are excited to participate in this year's

Veritone to Present at the 2022 NAB Show April 23-27 in Las Vegas

Partnership with PandoLogic enables clients to attract more of the right job candidates through new AI-powered programmatic job advertising capabilities AUSTIN, Texas and NEW YORK , April 20, 2022 /PRNewswire/ -- Talentcare, LLC, the leading platform of solutions to make hiring and retention easy, today announced the launch of its Recruitment Marketing solution enabling clients to scale hiring efforts by attracting more of the right job candidates with new programmatic job advertising capabilities. Attract more of the right job candidates through new AI-powered programmatic job advertising capabilities.

Talentcare Launches Recruitment Marketing Solution to Scale Hiring for Mid-market and Entrepreneur Clients

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced it partnered with OOONA to provide a seamless audio description scripting solution for Silver Trak Digital, a major APAC localization and media services company. With the combined power of Veritone Voice and OOONA's state-of-the-art, cloud-based media localization platform, Silver Trak gains the capability to script and synthesize voice audio description programs

Veritone and OOONA Partner to Create Synthetic Audio Description for Silver Trak Digital

DENVER--(BUSINESS WIRE)---- $VERI #VERI--Veritone to Hold First Quarter 2022 Results Conference Call on May 3rd

Veritone to Hold First Quarter 2022 Results Conference Call on May 3rd

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced a series of high-impact achievements for Q1 2022 including recent award wins and enhancements to company culture and leadership. As reported on March 3, 2022, Veritone ended 2021 with 100 percent year-over-year revenue growth, over $185 million in unencumbered cash and a profitable business on a non-GAAP basis, Veritone has the business momentum and financial leve

Veritone Enters 2022 with Q1 Award Wins, Building on Its Record 2021 Financial Growth

Veritone offers artificial intelligence computer solutions. It creates and maintains the aiWARE platform, an AI operating system that includes transcription, language translation, face detection, object detection and much more.

Veritone: Well Positioned In Multi-Billion Artificial Intelligence Market

DENVER--(BUSINESS WIRE)---- $VERI #AI--Veritone has hired a new senior leadership team member

Veritone, Inc. Announces New Engineering and Product Hires and Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)

DENVER--(BUSINESS WIRE)--Veritone Named Winner of 14th Annual Media Excellence Awards for Best Artificial Intelligence

Veritone Named Winner of 14th Annual Media Excellence Awards for Best Artificial Intelligence

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, has announced a partnership with EMPA GmbH to work with SPORTTOTAL LIVE GmbH and ADAC Nordrhein e.V. to bring AI-enabled video discovery, metadata enrichment, and search capabilities to the 50th ADAC TotalEnergies 24h Race at the Nürburgring. The event on the circuit famously labeled the “Green Hell” to be held in Germany, May 26 to 29, 2022, is one of the largest international m

Veritone Partners With EMPA GmbH to Transform Video Search and Discovery With AI During ADAC TotalEnergies 24h Nürburgring Race

DENVER--(BUSINESS WIRE)--Veritone Showcases Multilingual Synthetic Voices of Executive Leadership on Veritone's Fourth Quarter and Full Year 2021 Financial Results Call

Veritone Showcases Multilingual Synthetic Voices of Executive Leadership on Veritone's Fourth Quarter and Full Year 2021 Financial Results Call

DENVER--(BUSINESS WIRE)--Veritone's AI-powered iDERMS Solution Selected by Competitive Power Ventures for Energy Market Price Forecasting in PJM

Veritone's AI-powered iDERMS Solution Selected by Competitive Power Ventures for Energy Market Price Forecasting in PJM

Veritone's (VERI) CEO Chad Steelberg on Q4 2021 Results - Earnings Call Transcript

Veritone, Inc. (VERI) delivered earnings and revenue surprises of 85% and 23.51%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Veritone, Inc. (VERI) Beats Q4 Earnings and Revenue Estimates

DENVER--(BUSINESS WIRE)---- $VERI #AI--Veritone Announces Record Q4 and Full Year 2021 Results

Veritone Announces Record Q4 and Full Year 2021 Results

DENVER--(BUSINESS WIRE)--Veritone Launches AI-Driven Intelligent Distributed Energy Resource Management Solution (iDERMS)

Veritone Launches AI-Driven Intelligent Distributed Energy Resource Management Solution (iDERMS) Proven to Enhance Reliability, Maximize DER Investments and Meet Decarbonization Targets

Veritone, Inc. (VERI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Veritone, Inc. (VERI) Earnings Expected to Grow: Should You Buy?

DENVER--(BUSINESS WIRE)--Veritone Amps up Its Award-Winning Synthetic Voice

Veritone Amps up Its Award-Winning Synthetic Voice With New Languages, Stock Voices and Editing Capabilities to Give Content Creators the Ultimate Synthetic Voice Solution

iHeartMedia

DENVER & NEW YORK--(BUSINESS WIRE)--iHeartMedia to Utilize Veritone's Synthetic Voice Technology to Translate and Produce Podcasts for New Markets

iHeartMedia to Utilize Veritone's Synthetic Voice Technology to Translate and Produce Podcasts for New Markets

DENVER--(BUSINESS WIRE)--Nearly 100 California Law Enforcement Agencies Utilizing Veritone Contact To Meet California AB 953 Racial and Identity Profiling Act Requirements

Nearly 100 California Law Enforcement Agencies Including Chula Vista, Anaheim, Beverly Hills, Redding and Monterey are Successfully Utilizing Veritone Contact To Meet California AB 953 Racial and Identity Profiling Act Requirements

Veritone Inc VERI shares gained 1.6% on Wednesday after some new bullish comments from one Wall Street analyst. The Analyst: Bank of America analyst Koji Ikeda initiated coverage of Veritone with a Buy rating and a $22 price target.

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