Veritone, Inc. (VERI) Reports Q1 Loss, Misses Revenue Estimates

Company Performance - Veritone, Inc. reported a quarterly loss of $0.24 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.18, and compared to a loss of $0.20 per share a year ago, indicating a decline in performance [1] - The company posted revenues of $22.46 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 10.86% and down from $31.64 million in the same quarter last year [2] - Over the last four quarters, Veritone has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during this period [2] Stock Movement and Outlook - Veritone shares have declined approximately 43.3% since the beginning of the year, contrasting with the S&P 500's decline of only 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $29.08 million, and for the current fiscal year, it is -$0.47 on revenues of $111.59 million [7] - The estimate revisions trend for Veritone is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which Veritone belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a relatively strong industry performance [8] - Another company in the same industry, VerifyMe, Inc., is expected to report a quarterly loss of $0.06 per share, reflecting a year-over-year change of -20%, with revenues projected at $5.18 million, down 10% from the previous year [9]