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)--Veritone's Energy Demand Forecaster Outperforms California Independent System Operator (CAISO) by 31% for the Month of November

Veritone's Energy Demand Forecaster Outperforms California Independent System Operator (CAISO) by 31% for the Month of November

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, today announced it has signed a deal with The Bert Show, hosted by Georgia Radio Hall of Famer Bert Weiss. Selecting Veritone's award-winning MARVEL.ai for its high-quality custom synthetic voice cloning solution, the popular nationally syndicated morning show can securely and efficiently create text-to-speech and speech-to-speech versions of Bert's iconic and sought-after voice

Veritone's MARVEL.ai Brings Synthetic Cloning Capabilities to Iconic Voice of The Bert Show Host and Georgia Radio Hall of Fame Member Bert Weiss

Denver-based Veritone Inc. ( VERI , Financial) announced on Thursday that its MARVEL.ai synthetic voice solution is now compatible with Nvidia ( NVDA , Financial) Omniverse's Audio2Face, an artificial intelligence-based technology that generates facial motion and lip-sync entirely from an audio source.

Investors 'Marvel' at Veritone's Synthetic Voice Solution

NVIDIA

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, announced today its MARVEL.ai synthetic voice solution is now compatible with NVIDIA (NASDAQ: NVDA) Omniverse's™ Audio2Face, an AI-based technology that generates facial motion and lip-sync entirely from an audio source. For Audio2Face content creators focused on bringing best in class to VR, AR, 3D graphics and virtual communities, MARVEL.ai provides a library of more than 200 s

Veritone MARVEL.ai Synthetic Voice Solution Supports NVIDIA Omniverse Audio2Face

Digital Turbine

Fathom Holdings

Roth Capital analyst Darren Aftahi named Digital Turbine Inc (NASDAQ:APPS), Fathom Holdings Inc (NASDAQ:FTHM), and Veritone Inc (NASDAQ:VERI) as the 2022 top picks in Internet, Media & Enabling Technologies. Aftahi has a Buy rating on all three companies.

Roth Capital's Top Picks In Internet, Media & Enabling Technologies For 2022

Veritone is a leading provider of artificial intelligence (AI) technology and solutions. They have a competitive advantage in their proprietary AI platform, aiWARE. - “The OS for AI”. Veritone (VERI) is selling at approximately 4X Enterprise Value to 2022 Projected Sales. This is significantly lower than its peers C3.ai (AI) and Palantir (PLTR).

Veritone Is An Underappreciated GARP Play In The Artificial Intelligence Space

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform today announced a partnership with Snowflake, the Data Cloud company, that provides enterprises with visibility and actionable insights into 100 percent of their data – structured, semi-structured and unstructured – unlocking the potential for digital and operational transformation. "We at Audacy have been using both solutions and are excited about this partnership which will acce

Veritone Partners With Snowflake to Deliver AI-Powered Data Cloud

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, announced today it has partnered with London-based Vixen Labs, Europe's leading voice agency. With a shared mission to advance the adoption of sonic identity—the audio identity for brands and enterprises—through the accessibility to synthetic media and conversational AI, the strategic partnership will bring together the unique capabilities of each organization, enabling both to e

Veritone and Vixen Labs Join Forces to Accelerate the Enterprise Adoption of AI Enabled Sonic Identity

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, announced today that it has joined the Smart Electric Power Alliance (SEPA) and the Utility Analytics Institute (UAI), leading industry organizations focused on the transformation of utilities. As a member, Veritone will add its strong AI leadership and deep machine learning expertise to help utility decision-makers solve complex challenges resulting from the rise of renewable en

Veritone Joins Smart Electric Power Alliance and Utility Analytics Institute to Advance Collective Mission to Make Energy Delivery Cleaner, Cheaper and More Reliable

DENVER--(BUSINESS WIRE)-- #Veritone--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-extensive enterprise AI platform, announced today that the Environmental Protection Agency (EPA) is the latest U.S. federal agency to leverage Veritone's aiWARE™. Driving this decision is the significant growth of audio and video recordings created by the agency on a daily basis. More often, public records requests are made for these recordings and the agency is obligated to redact personally identifiable and oth

The Environmental Protection Agency Embraces Veritone's aiWARE to Meet Transparency Requirements in an Increasingly Virtual Meeting World

The average of price targets set by Wall Street analysts indicates a potential upside of 58.6% in Veritone, Inc. (VERI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 59% Upside in Veritone, Inc. (VERI): Can the Stock Really Move This High?

This stock has moved lower of late giving investors an excellent opportunity to buy the dip

Bull Of The Day: Veritone (VERI)

DENVER--(BUSINESS WIRE)-- #DeloitteTechnology--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, is a 2021 winner in Deloitte's Technology Fast 500. The program recognizes the most innovative, fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, ranking each company out of 500 winners. Deloitte bases the ranking on a company's percentage of revenue growth from the 2017-2020 fiscal years. Veritone continues

Veritone Named Winner in the 2021 Deloitte Technology Fast 500

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI) creator of aiWARE, a hyper-expansive enterprise AI platform, today announced the upsize and pricing of $175 million aggregate principal amount of 1.75% convertible senior notes due 2026 (the “notes”) in a private placement (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), representing an increase of $25 million aggregate principal amount from the pre

Veritone Announces Upsize and Pricing of $175 Million Offering of Convertible Senior Notes

DENVER--(BUSINESS WIRE)---- $VERI #VERI--Veritone Announces Proposed $150 Million Offering of Convertible Senior Notes

Veritone Announces Proposed $150 Million Offering of Convertible Senior Notes

JMP Securities analyst Patrick Walravens maintained Veritone Inc (NASDAQ:VERI) with a Market Outperform and raised the price target from $45 to $49, implying a 60.2% upside. Veritone reported third-quarter FY21 revenue growth of 44% year-on-year to $22.66 million, beating the consensus of $22.03 million.

Why Are Veritone Shares Trading Higher Premarket?

Veritone, Inc. (VERI) CEO Chad Steelberg on Q3 2021 Results - Earnings Call Transcript

DENVER--(BUSINESS WIRE)---- $VERI #VERI--Veritone Beats Top and Bottom Line Guidance with Record Q3 Results, Raises Guidance for Fiscal 2021

Veritone Beats Top and Bottom Line Guidance with Record Q3 Results, Raises Guidance for Fiscal 2021

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI platform, announced today that its MARVEL.ai synthetic voice solution was recognized as a Best New AI/Machine Learning Technology winner in the 2021 NAB Show Product of the Year Awards. This official awards program recognizes the most significant and promising new products and technologies showcased by corporate partners of the NAB Show. This is Veritone's second win for NAB's Product of t

Veritone Wins 2021 NAB Show Product of the Year Award

--(BUSINESS WIRE)--Veritone and Microsoft to Co-Host Panel of Law Enforcement Leaders Discussing Agency Transparency Strategies and How Technology Can Help

Veritone and Microsoft to Co-Host Panel of Law Enforcement Leaders Discussing Agency Transparency Strategies and How Technology Can Help

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, announced it will hold a virtual Analyst Update and Tech Demo on November 19, 2021 at 9:00 am PT/12:00 pm ET. SAVE THE DATE Veritone Virtual Analyst Update and Tech Dem Friday, November 19, 2021 Beginning at 9:00 am PT/12:00 pm ET for ~90 minutes RSVP here Based on the success of the May 2021 Virtual Investor Day and Tech Expo, management will hold an abbreviated update for inves

Veritone to Hold Virtual Analyst Update and Tech Demo on November 19, 2021

DENVER--(BUSINESS WIRE)--Veritone Delivers the Metaverse to the Global Enterprises with Integration of Synthetic Voice and Conversational AI

Veritone Delivers the Metaverse to the Global Enterprises With Integration of Synthetic Voice and Conversational AI

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.

Will Veritone, Inc. (VERI) Report Negative Earnings Next Week? What You Should Know

DENVER--(BUSINESS WIRE)--Veritone Contact Launches to Streamline Transparency Reporting Initiatives and Enable Officers to Spend More Time Supporting Their Communities

Veritone Contact Launches to Streamline Transparency Reporting Initiatives and Enable Officers to Spend More Time Supporting Their Communities

Veritone, Inc. (VERI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

News for Veritone Stock (VERI)