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 Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

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DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today released its analysis of Q3 aggregated U.S. Bureau of Labor Statistics (BLS) Jobs Reports, which provide insights into the latest employment trends and market dynamics shaping the U.S. labor market. Leveraging data from Aspen Technology Labs, Inc., a global leader in web data management services and recruitment technology, Veritone also analyzed Q3 AI job growth. According.

Veritone Releases Analysis of Q3 2024 U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that Richemont, one of the world's leading luxury goods companies, has selected Veritone for a three-year contract to enhance its talent acquisition efforts. Leveraging Veritone Job Distribution technology, Richemont aims to streamline and optimize the recruitment process across its globally recognized portfolio of brands, including Cartier, Van Cleef & Arpels.

Richemont Selects Veritone to Power Talent Acquisition

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered AI solutions, today announced the details of its third quarter 2024 financial results conference call. Veritone will hold a conference call on November 12th at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its results for the third 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 ask to be.

Veritone to Hold Third Quarter 2024 Results Conference Call on November 12th

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced it will manage and monetize the expansive content library of Court TV. This marks a significant step in modernizing and streamlining the content management and distribution processes for the network, one of the most recognized brands in television. Court TV, the popular multiplatform television network known for its comprehensive live coverage of the nation's most.

Veritone to Manage and Monetize Court TV's Expansive Digital Library

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, and Talent Tech Labs, a renowned talent technology research and advisory firm, have released new findings in a joint study titled, “Next Generation of Job Advertising: Strategies for Generating the Best Sourcing Results.” The research provides key insights into the evolving landscape of job advertising, focusing on how companies can optimize sourcing strategies to improve recruit.

Veritone and Talent Tech Labs Announce Research on Next-Generation Job Advertising Strategies

LOS ANGELES--(BUSINESS WIRE)--Oxford Road and Veritone One, two leading audio and creator-based advertising agencies, announced their plans to form the world's largest podcast group and leading creator-based media entity. The deal, facilitated by Insignia Capital Group, positions the companies to transform how brands leverage audio and creator-led content to drive measurable results. Both businesses will continue to operate independently in the near term, with future designs for a unified lead.

Oxford Road and Veritone One Combine to Create World's Largest Podcast Agency and a Market Leader in Creator-Based Video Advertising

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI) (“Veritone” or the “Company”), a leader in building human-centered enterprise AI solutions, today announced that it has sold its media agency, Veritone One, LLC, to Insignia Capital Group (“Insignia”). Total consideration from the divestiture is up to $104.0 million, subject to customary purchase price adjustments and including up to $18.0 million in cash subject to an earn-out based on Veritone One's achievement of certain net revenue targ.

Veritone Announces the Divestiture of its Media Agency for up to $104 Million

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced significant enhancements to Veritone Track, its advanced AI-powered digital video forensics tool for public safety and law enforcement. In the latest update, Veritone Track enables users to identify and track vehicles of interest by make and model across multiple video sources, offering greater speed and accuracy in investigative efforts without relying on persona.

Veritone Enhances Veritone Track to Add AI-Powered Vehicle Tracking

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that Getac Technology Corporation (“Getac”), a leader in rugged computing devices and mobile video solutions, will offer its customers Veritone Redact, an AI-powered software designed to streamline the redaction process for body-worn cameras, in-car video, interview rooms and transport camera footage. The integration of Veritone Redact into Getac's Evidence Manage.

Getac Selects Veritone Redact for Body-Worn Camera Solutions

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced its participation at the International Association of Chiefs of Police from October 19 to 22 in Boston. At its booth (2201) at the Boston Convention and Exhibition Center, Veritone will showcase AI solutions that help public safety agencies accelerate investigations, increase case clearance rates, and enhance public trust, transparency and operational efficiency.

Veritone to Showcase AI Solutions for Law Enforcement at the 2024 International Association of Chiefs of Police Conference

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced it has expanded automated data integrations into its Intelligent Digital Evidence Management System (iDEMS) to ingest data from Axon's Evidence.com and Milestone Systems XProtect. Veritone's iDEMS solution suite leverages cutting-edge artificial intelligence to streamline the management and analysis of digital evidence, including audio and video, providing law enf.

Veritone Expands iDEMS Data Integrations to Enhance Public Safety and Law Enforcement Efficiency

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced a partnership with Midwest Public Safety, a premier provider of public safety technology solutions. Through this collaboration, Midwest Public Safety will offer its prospective and current customers across the Midwest Veritone Public Sector's complete line of AI-powered applications for law enforcement and judicial agencies, helping agencies streamline and automat.

Midwest Public Safety Partners with Veritone to Offer a Full Lineup of AI-powered Applications for Law Enforcement

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the integration of its global job distribution software with Eightfold AI, the leader in AI-powered talent intelligence. The collaboration aims to enhance the efficiency and effectiveness of recruitment processes by delivering a unified, AI-powered solution for job distribution and candidate sourcing. Veritone's AI-powered job distribution software allows organiza.

Veritone Integrates Global Job Distribution with Eightfold AI

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced its participation at HR Tech 2024, the world's leading HR technology conference and exposition, taking place from September 24-26 in Las Vegas. “Veritone is on a mission to help talent acquisition teams optimize recruiting strategies, reduce costs, improve efficiency and positively impact the most important asset to an organization - its people,” said Alex Fourlis.

Veritone to Showcase AI-Powered Talent Acquisition Solutions at HR Tech 2024 in Las Vegas

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the deployment of its intelligent digital evidence management system, Veritone iDEMS, to assist universities, school campuses and public safety agencies in modernizing and streamlining investigations. Veritone iDEMS is a comprehensive AI-powered solution that automates manual investigations and reduces the labor-intensive workflows associated with audio and video.

Veritone Supports Universities, School Campuses and Public Safety Agencies in Investigations

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced its participation at IBC2024 in Amsterdam from September 13-16. At its stand in Hall 1, A.21 at the RAI convention center, Veritone will showcase solutions and services that empower rights owners and content owners to immediately monetize their media and accelerate revenue growth. "IBC is a key event for the media and entertainment industry, bringing together inno.

Veritone to Showcase AI Solutions for Content Monetization, Advertising Performance and Localization at IBC2024 in Amsterdam

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that pocket.watch, the premiere kids' entertainment studio that creates global franchises from YouTube stars, has selected Veritone as its AI partner to help expand contextual targeting across content from pocket.watch's creator network of over one billion YouTube subscribers. Pocket.watch's advertising partnerships division, Clock.Work, is one of only a handful o.

Pocket.watch Selects Veritone as AI Partner to Expand COPPA Compliant Advertising Offerings

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced a strategic partnership with Nuix (ASX: NXL), a leading provider of investigative analytics and intelligence software, to leverage industry-leading technology from both organizations to help maximize value for their customers' investigations, eDiscovery and compliance initiatives. Nuix Neo is a unified platform delivering solutions for data privacy, cyber-breach r.

Veritone and Nuix Combine AI Expertise to Offer Turn-Key Solutions for Growing Volumes of Video and Audio Data

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced its VocaliD technology has won the Netty Award for “Best Use of AI for Accessibility.” The award recognizes innovative use of artificial intelligence to enhance communication accessibility for individuals with speech and voice disabilities. Veritone's winning entry represents groundbreaking work in the field of synthetic voice creation for the over 2 million Ameri.

Veritone Wins Netty Award for Best Use of AI for Accessibility

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that its media and entertainment solutions are available in AWS Marketplace, a curated digital catalog of independent software vendors that make it easy to find, test, buy and deploy software that runs on Amazon Web Services (AWS). Veritone's availability in AWS Marketplace provides media, entertainment and sports customers the ability to seamlessly access, purcha.

Veritone AI-Powered Solutions for Media and Entertainment Now Available in AWS Marketplace

Veritone, Inc. (NASDAQ:VERI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Stefan Norbom - IR Ryan Steelberg - Chairman and CEO Mike Zemetra - CFO Conference Call Participants Stephen Banta - Banta Asset Management Operator Good day, and welcome to the Veritone Inc. Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Veritone, Inc. (VERI) Q2 2024 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today reported results for the second quarter ended June 30, 2024. “Veritone delivered a strong performance in the second quarter, driven by accelerated growth across our AI software products and services and advertising managed services. During the quarter, we secured 17 new Public Sector customers and saw our Public Sector sales pipeline reach unprecedented levels, and completed a landmar.

Veritone Reports Second Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise artificial intelligence (AI) solutions, today announced that it has signed a three-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). The agreement will leverage Veritone's and AWS' unique strengths to accelerate cloud-native enterprise artificial intelligence (AI) and generative AI innovation for new and existing customers in the media, entertainment, sports, talent.

Veritone Announces Strategic Collaboration Agreement with AWS to Unlock AI at Scale

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the expansion of its Authorization to Operate (ATO) with the Executive Office of the U.S. Attorneys (EOUSA), a subagency of the Department of Justice (DOJ) representing the federal government in court. The ATO now includes Veritone's Illuminate, Track, Redact – components of Veritone's Intelligent Digital Evidence Management System (iDEMS) – and Automate Studio, i.

Veritone Expands its Approved Applications with the Executive Office of the U.S. Attorneys

SAN FRANCISCO--(BUSINESS WIRE)--6senseⓇ, the leading platform to revolutionize the way B2B organizations create, manage, and convert pipeline to revenue, today announced it has been named to the Forbes Cloud 100 list for a fourth consecutive year. The Forbes Cloud 100 is the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. “B2B revenue teams need to deliver on increasingly ambitious.

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