Revenue Growth and Performance - Q2 Total Revenue of $31.0 million, an 11% increase compared to Q2 2023[1][3] - Software Products & Services revenue of $15.6 million, an 11% increase year over year, despite a 25% decline in Pro Forma Software Revenue[3][8] - Managed Services revenue of $15.4 million, an 11% increase year over year driven by advertising growth[3][11] - Total revenue for Q2 2024 increased to $30.992 million, up from $27.967 million in Q2 2023, representing a growth of 10.8%[30] - Total revenue for the first six months of 2024 reached $62.628 million, compared to $58.230 million in the same period of 2023, a 7.5% increase[30] - Revenue for Q2 2024 increased to $30.992 million, up 10.8% from $27.967 million in Q2 2023[38] - Pro Forma Software Revenue for Q2 2024 was $15.632 million, showing a slight increase from Q1 2024's $15.220 million[44] - Total Pro Forma Revenue for Q2 2024 was $30.992 million, down from Q1 2024's $31.636 million[44] - Broadbean Revenue for Q2 2024 was $8.690 million, consistent with previous quarters[44] - Managed Services Revenue for Q2 2024 was $15.360 million, down from Q1 2024's $16.416 million[44] Customer Metrics and Bookings - Public Sector sales pipeline exceeds $100 million, with 17 new Public Sector customers added in Q2[1][10] - Total Software Products & Services Customers decreased by 7% year over year to 3,437[4][8] - Total Software Product & Services Customers decreased by 7% year-over-year to 3,437 as of June 30, 2024[13] - Total New Bookings increased by 67% to $14.0 million on a Pro Forma basis compared to the same period last year[13] - Total New Bookings for Q2 2024 were $14.047 million, up from $12.964 million in Q1 2024[41] - Pro Forma Total Number of Customers in Q2 2024 was 3,437, slightly up from Q1 2024's 3,384[44] - Average billings per active Managed Services client in Q2 2024 was $727,000, down from Q1 2024's $793,000[47] Financial Performance and Losses - Operating Loss improved by 37% year over year to $17.7 million, and Non-GAAP Net Loss improved by 47% to $6.9 million[1][4] - Operating loss improved to $17.7 million, a $10.5 million reduction compared to Q2 2023, driven by a $7.5 million decrease in operating expenses and a $3.0 million increase in revenue[12] - Non-GAAP gross margin improved by 660 basis points to 78.8% from 72.2% in Q2 2023[12] - Non-GAAP net loss improved by 47% to $6.9 million compared to $13.0 million in Q2 2023[12] - Net loss for Q2 2024 was $22.231 million, slightly improved from a net loss of $23.296 million in Q2 2023[30] - Net loss for the three months ended June 30, 2024, was $22.2 million, compared to $23.3 million for the same period in 2023[34] - Non-GAAP net loss for the three months ended June 30, 2024, was $6.9 million, compared to $13.0 million for the same period in 2023[34] - Net loss for the year ended December 31, 2024, is projected to be between $72.2 million and $68.2 million[37] - Non-GAAP net income (loss) for the year ended December 31, 2024, is projected to be between $15.0 million loss and $11.0 million loss[37] - GAAP net loss for Q2 2024 was $22.231 million, compared to $23.296 million in Q2 2023[38] - Non-GAAP net loss for Q2 2024 improved to $6.850 million from $13.026 million in Q2 2023[38] - Loss from operations for Q2 2024 was $17.662 million, an improvement from Q2 2023's $28.180 million[48] Cash and Liabilities - Cash and cash equivalents totaled $46.0 million as of June 30, 2024, including $39.3 million from advertising customers for future vendor payments[14] - Total current liabilities decreased to $181.658 million in Q2 2024 from $188.825 million in Q2 2023[29] - Total stockholders' equity deficit worsened to $(5.694) million in Q2 2024 from $38.147 million in Q2 2023[29] - Net cash used in operating activities for the first six months of 2024 was $26.791 million, improved from $58.533 million in the same period of 2023[31] - Cash and cash equivalents and restricted cash decreased to $46.957 million at the end of Q2 2024 from $63.539 million at the end of Q2 2023[31] Annual Recurring Revenue (ARR) - Total ARR (SaaS and Consumption) of $67.9 million, with SaaS ARR representing 72% of total ARR[1] - Annual Recurring Revenue on a Pro Forma basis decreased by 37% year-over-year to $67.9 million[13] - Annual Recurring Revenue (SaaS) for Q2 2024 was $49.223 million, slightly up from $49.064 million in Q1 2024[41] - Annual Recurring Revenue (Consumption) for Q2 2024 dropped to $18.701 million from $23.510 million in Q1 2024[41] - Pro Forma Annual Recurring Revenue (SaaS) for Q2 2024 was $67.924 million, a decrease from Q1 2024's $72.574 million[44] Strategic Initiatives and Collaborations - Announced formal process to divest a non-software asset, expected to generate substantial cash proceeds in 2024[1][10] - Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate cloud-native enterprise AI and generative AI innovation[10] Expenses and Costs - Depreciation and amortization for the three months ended June 30, 2024, was $7.0 million, compared to $6.4 million for the same period in 2023[34] - Stock-based compensation expense for the three months ended June 30, 2024, was $2.1 million, compared to $2.7 million for the same period in 2023[34] - Interest expense, net for the three months ended June 30, 2024, was $4.5 million, compared to $0.7 million for the same period in 2023[34] - Severance and executive transition costs for the three months ended June 30, 2024, were $0.9 million, compared to $0.7 million for the same period in 2023[34] - Variable consultant performance bonus expense for the three months ended June 30, 2024, was $0.0 million, compared to $0.2 million for the same period in 2023[34][36] - Purchase consideration expense for the three months ended June 30, 2024, was $0.6 million, compared to $0.0 million for the same period in 2023[34] - Research and Development expenses for Q2 2024 were $6.645 million, significantly lower than Q2 2023's $10.519 million[48] Gross Profit and Margins - Non-GAAP gross profit for Q2 2024 was $24.412 million, compared to $20.202 million in Q2 2023, reflecting a 20.8% increase[38] - Non-GAAP gross profit for Q2 2024 was $24.412 million, up from Q2 2023's $20.202 million[48] Revenue Projections - Q3 2024 revenue is expected to be between $34.0 million and $35.0 million, compared to $35.1 million in Q3 2023[15] - Full-year 2024 revenue is expected to range from $136.0 million to $142.0 million, compared to $127.6 million in 2023[16] - Full-year 2024 Non-GAAP net loss is expected to be between $11.0 million and $15.0 million, compared to $37.3 million in 2023[16] Customer Retention - Gross Revenue Retention remained above 90% for all quarters from Q1 2022 to Q2 2024[41]

Financial Performance - Revenue for Q1 2024 increased to $31,636,000, up 4.5% from $30,263,000 in Q1 2023[19] - Net loss for Q1 2024 was $25,198,000, compared to a net loss of $22,963,000 in Q1 2023, representing a 9.6% increase in loss[19] - The company reported a comprehensive loss of $24,979,000 for Q1 2024, compared to a comprehensive loss of $23,729,000 in Q1 2023[19] - The company reported a net loss of $25,198 for the three months ended March 31, 2024, compared to a net loss of $22,963 for the same period in 2023, resulting in a basic and diluted net loss per share of $(0.67) and $(0.63), respectively[89] - Non-GAAP net loss for Q1 2024 was $7.618 million, compared to a non-GAAP net loss of $9.555 million in Q1 2023, reflecting a reduction of approximately 20.3%[186] - The company reported a GAAP net loss of $25.198 million for Q1 2024, compared to a GAAP net loss of $22.963 million in Q1 2023, indicating a decline in overall profitability[191] Assets and Liabilities - Total current assets decreased to $172,369,000 as of March 31, 2024, down from $182,770,000 as of December 31, 2023[17] - Cash and cash equivalents increased to $90,733,000 as of March 31, 2024, compared to $79,439,000 as of December 31, 2023, reflecting a 14.5% increase[17] - Total liabilities increased to $344,776,000 as of March 31, 2024, up from $337,667,000 as of December 31, 2023[17] - Accounts receivable decreased to $45,749,000 as of March 31, 2024, down from $69,266,000 as of December 31, 2023[17] - The company had an accumulated deficit of $455,094 and cash and cash equivalents of $91,662 as of March 31, 2024[32][35] Revenue Breakdown - Revenue from Commercial Enterprise increased from $28,868 million in Q1 2023 to $30,119 million in Q1 2024, reflecting a growth of 4.3%[115] - Software Products & Services revenue increased by 7.8% year over year to $15.2 million, driven by the acquisition of Broadbean, which contributed $8.5 million in Q1 2024[159][165] - Managed Services revenue was $16.4 million, representing a slight increase from $16.1 million in Q1 2023, accounting for 52% of total revenue[159] Operating Expenses - Operating expenses for Q1 2024 totaled $53,476,000, slightly down from $53,852,000 in Q1 2023[19] - The total loss from operations decreased to $21.8 million in Q1 2024 from $23.6 million in Q1 2023, indicating improved operational efficiency[189] - Total operating expenses for Q1 2024 were $53,476,000, a slight decrease from $53,852,000 in Q1 2023[211] Acquisitions and Investments - The Company acquired Broadbean, a leader in talent acquisition software, for a total purchase consideration of $53,301, which was paid in cash at closing[50] - The identifiable intangible assets acquired from Broadbean include customer relationships valued at $17,200 and developed technology valued at $10,300[57] - The Company acquired VocaliD, Inc. for a total purchase consideration of $2,000, with the first payment of $1,000 made in Q2 2023[132] - The Company acquired assets of Vision Semantics Limited for a purchase consideration of $300, to be paid in March 2024[134] Cash Flow and Financing - For the three months ended March 31, 2024, the Company generated cash flows from operations of $15,931, while incurring a net loss of $25,198[32][33] - The Company used cash in investing activities of $1,901 during the three months ended March 31, 2024, primarily for capital expenditures[34] - The Company entered into a $77,500 senior secured term loan on December 13, 2023, fully drawn on the closing date, with a one-time gain of $30,000 recognized on the extinguishment of convertible debt[63] Market and Economic Conditions - The company is facing challenges due to macroeconomic factors, including high inflation and geopolitical tensions, which have affected customer spending[166][177] - The company continues to face risks from economic uncertainty, which may impact customer spending on software and technology solutions[180] Customer Metrics - As of March 31, 2024, total Software Products & Services customers decreased to 3,384, a decline of 10.3% compared to the previous year[167] - 32.9% of consolidated revenue in Q1 2024 came from customers outside the U.S., a significant increase from less than 10% in Q1 2023[176] Stock and Compensation - The total stock-based compensation expense for the three months ended March 31, 2024 was $1,608, a decrease of 59% from $3,917 in 2023[140] - The Company had 1,612,869 unvested restricted stock units as of March 31, 2024, with a total unrecognized compensation cost of $5,729 expected to be recognized over 2.1 years[146]

Veritone, Inc. (NASDAQ:VERI) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Stefan Norbom - IR Ryan Steelberg - Chairman and CEO Mike Zemetra - CFO Conference Call Participants Steve Banta - Banta Asset Management Alec Sharps - Stifel Operator Good day, and welcome to the Veritone Inc. First Quarter 2024 Financial Results Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference ...

Exhibit 99.1 Veritone Reports First Quarter 2024 Results - Q1 Total Revenue of $31.6 Million, Outperforming the High End of Guidance - - Total ARR (SaaS and Consumption) of $72.1 Million from 3,384 Total Software Products & Services Customers, Including ARR (SaaS) of $48.6 Million or 67% from Subscription-based Customers – - Q1 Total New Bookings of $13.0 Million – - Q1 Restructuring Resulted in Over $13.0 Million in Forecasted Annualized Savings, Accelerating Non-GAAP Net Income as Early as Q4 2024 - DENVE ...

Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number 001-38093 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-K For the transition period from to (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR Registrant's telephone number, including area code: (888) 507-1737 Veritone, Inc. Securities registered pursuant to Section 12( ...

Veritone, Inc. (NASDAQ:VERI) Q4 2023 Earning Conference Call March 12, 2024 4:30 PM ET Company Participants Stefan Norbom - IR Ryan Steelberg - President & CEO Mike Zemetra - CFO Conference Call Participants Kunal Madhukar - UBS Operator Hello, and welcome to the Veritone Inc. Fourth Quarter 2023 Financial Results Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions ...

Exhibit 99.1 Veritone Reports Fourth Quarter and Fiscal Year 2023 Results – Fiscal Year 2023 Revenue of $127.6 Million, in line with previously stated guidance – – Q4 Total Revenue and Software Revenue of $34.2 and $19.8 million – – ARR(1) of $82.1 million from 3,460 Total Software Products & Services Customers(1) , including $48 million or 58% from subscription-based customers(1)demonstrating diversified & stable revenue streams – – Announced restructuring in Q1 2024 resulting in forecasted annualized savi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38093 Veritone, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation o ...

V VERITONE. Investor Presentation NOVEMBER 2023 Forward Looking Statements & Disclaimers This presentation of Veritone, Inc. (the "Company") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "would," "could," "should," and similar expressions are intended to identify forwar ...

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. [Operator Instructions]. Pleas ...