Veritone(US:VERI) Benzingaยท2025-10-15 06:28Group 1 - Veritone Inc. experienced a significant share price increase of 53.11%, reaching $8.36 in after-hours trading due to contract wins and preliminary Q3 results [1] - The company's Veritone Data Refinery product has secured contract wins, leading to a near-term VDR pipeline totaling nearly $40 million, which has doubled since August [2] - CEO Ryan Steelberg stated that Veritone is becoming a key partner for global hyperscalers and aims to formalize partnerships with nearly all major hyperscalers by the end of 2025 [3] Group 2 - Preliminary Q3 revenue is reported between $28.5 million and $28.7 million, indicating a 30.5% increase compared to the same quarter in 2024 [3] - The non-GAAP net loss is estimated between $5.5 million and $6.0 million, reflecting a 48.2% increase from the previous year [4] - GAAP net loss is reported between $19.3 million and $29.3 million, with results being preliminary and subject to change [4] Group 3 - Over the past six months, Veritone's stock has increased by 145.95%, and by 39.29% in the last month, with a market capitalization of $382.76 million [5] - The stock trades within a yearly range of $1.22 to $6.43, with an average daily volume of 7.27 million shares [5] - Veritone's stock closed at $5.46 on Tuesday, up 4.40%, and is noted to have a strong momentum in the 89th percentile [6]