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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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.

Veritone, Inc. (VERI) Q3 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, is a 2023 winner in the Deloitte Technology Fast 500, which recognizes the most innovative, fastest-growing technology companies in North America for advancements in technology, media, life sciences, fintech and energy tech. The award ranks each company out of the 500 winners based on a company's percentage of revenue growth from the 2019 to 2022 fiscal years. For almost a decade, Veritone.

Veritone Achieves a Three-Peat in the Deloitte Technology Fast 500™ Awards

DENVER--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI), a leader in designing human-centered AI solutions, today reported results for the second quarter ended September 30, 2023. “Veritone's third quarter results highlight progress against our strategic initiatives aimed at transforming the organization to meet evolving demand from companies seeking to leverage artificial intelligence to enhance productivity and boost revenue streams,” said Ryan Steelberg, Chief Executive Officer and President.

Veritone Reports Third Quarter 2023 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI) (“Veritone”), a leader in designing human-centered AI solutions, today announced the appointment of Michael Zilis to its Board of Directors (“Board”), effective November 8, 2023. “As Veritone executes its long-term strategy and embarks on its next phase of disruptive growth, I am thrilled to announce the addition of Michael Zilis as an independent director to our Board,” said Ryan Steelberg, Chief Executive Officer and President of Veritone.

Veritone Appoints Michael Zilis to its Board of Directors

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced that it has appointed former Anaheim, Calif. Chief of Police Jorge Cisneros as a Law Enforcement Advisor of Veritone Public Sector. Cisneros will work alongside Veritone's team to empower law enforcement agencies with the latest AI-driven tools for accelerating investigations, protecting personally identifiable information and improving public safety. “I am honored to join.

Veritone Appoints Former Police Chief Jorge Cisneros as Advisor

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced the details of its third quarter 2023 financial results conference call. Veritone will hold a conference call on Wednesday, November 8, 2023, at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its results for the third quarter of 2023, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dia.

Veritone to Hold Third Quarter 2023 Results Conference Call on November 8

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced it has been selected by the U.S. Department of Justice (DOJ) for a $15 million Blanket Purchase Agreement, allowing all DOJ agencies to easily purchase Veritone software and services. Veritone will provide AI-powered software and professional services to rapidly transcribe, translate, locate, redact and extract critical evidence during early case assessment. “This agreement p.

U.S. Department of Justice Awards Veritone Sole-Contractor Blanket Purchase Agreement at $15 Million

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced that the Legislative Branch of the U.S. Government will use the company's cutting-edge solutions to streamline its digital media management efforts. The deal was made possible through a channel partnership with CHESA, a prominent provider of media workflow solutions. The partnership aims to revolutionize the way the U.S. Congress stores, manages and distributes photos, audio.

Veritone Partners with CHESA to Streamline the U.S. Federal Legislative Branch Digital Media Management Solutions

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI): WHO: Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services WHAT: Will showcase its AI recruiting solutions and industry expertise at the upcoming HR Technology Conference & Exposition. WHEN: The conference will take place Tuesday, October 10 – Friday, October 13, 2023. WHERE: Mandalay Bay 3950 S Las Vegas Blvd. Las Vegas, Nev.   Veritone HR Solutions will exhibit at the PandoLogic Booth, No. 5802. DETAILS: AI-d.

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced a comprehensive multi-year partnership extension with U.S. Soccer. As the governing body of soccer in the United States, U.S. Soccer includes the U.S. Women's and Men's National Teams, Youth National Teams and Extended National Teams. Through the global partnership, Veritone will continue to serve as the archive of record and a licensing partner for all U.S. Soccer owned cont.

Veritone Renews AI and Monetization Partnership with U.S. Soccer

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced it will attend the 2023 Voice & AI Conference, the premier event that brings together the global natural language and generative AI communities, from September 5 to 7 at the Hilton in Washington, D.C. Veritone will participate in several thought-provoking sessions, demonstrating its dedication to advancing the fields of natural language processing and generative AI. "Veri.

Veritone to Unveil Insights and Spearhead Discussions at Voice & AI 2023

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI software and services, today announced that its subsidiary, Table Rock Management LLC, has entered into an exclusive advertising direct sales monetization agreement with SpokenLayer, a full-service creative studio specializing in custom, short-form digital audio content for the media and entertainment industries. Through this strategic collaboration, Veritone will serve as the exclusive ad sales agent for SpokenLa.

Veritone Selected as Exclusive Ad Sales and AI Partner by SpokenLayer, Monetizing Expansive Microcast Network and Empowering Content Creation

Veritone, Inc. (VERI) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.20 per share a year ago.

Veritone, Inc. (VERI) Reports Q2 Loss, Tops Revenue Estimates

Veritone, Inc. (NASDAQ:VERI ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Stefan Norbom - Prosek Partners, Investor Relations Ryan Steelberg - Chief Executive Officer & President Mike Zemetra - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Veritone Incorporated Second Quarter 2023 Financial Results Call. All participants will be in listen-only.

Veritone, Inc. (VERI) Q2 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (Nasdaq: VERI), a leader in enterprise AI software and services, today reported results for the second quarter ended June 30, 2023. “Veritone executed against its strategy through opportunistic topline acceleration and long-term margin expansion initiatives in the second quarter,” said Ryan Steelberg, Chief Executive Officer and President of Veritone. “We remain at the forefront of the global AI transformation and are constantly evaluating avenues to furt.

Veritone Reports Second Quarter 2023 Results

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