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Veritone to Host AI and Data Economy Investor Forum on December 1, 2025
Businesswire· 2025-11-20 12:30
Core Insights - Veritone, Inc. will host a virtual AI and Data Economy Investor Forum on December 1, 2025, featuring senior leadership and prominent customers [1][2] - The forum will cover Veritone's vision for the AI and Data market, product and platform strategy, go-to-market approach, and insights into its expanding role in the AI and Data Economy [2] Company Overview - Veritone is a leader in enterprise AI and data solutions, serving both commercial and public sector industries [3] - The company's aiWARE™ platform orchestrates a growing ecosystem of machine learning models, transforming data into actionable intelligence [3] Financial Highlights - In Q3 2025, Veritone reported a more than 200% growth in core AI software revenue and solidified its liquidity position through two equity offerings [8] - The company remains on track to achieve profitability by the latter part of 2026 [8]
Veritone Statement on Q3 Results
Businesswire· 2025-11-10 12:30
Core Insights - Veritone, Inc. reported a net loss from continuing operations of $26.9 million in Q3 2025, which is an increase of 20% compared to Q3 2024, primarily due to an $8.0 million non-cash expense related to the divestiture of Veritone One [3][4] - The company achieved a non-GAAP net loss from continuing operations of $5.8 million, reflecting a 47.8% improvement from $11.1 million in Q3 2024, with adjusted loss per share improving from $(0.29) to $(0.09) [4][5] - Veritone anticipates a non-GAAP net loss for Q4 2025 to be between $1.5 million and $5.0 million, indicating a 66% improvement at the midpoint compared to Q4 2024 [6] Financial Performance - In Q3 2025, Veritone's revenue was $29.1 million, up from $22.0 million in Q3 2024, marking a significant growth in core AI software revenue of over 200% [21] - The company reported a non-GAAP gross profit of $20.6 million for Q3 2025, compared to $15.7 million in Q3 2024, with non-GAAP gross margins of 70.6% [20] - Full-year 2025 non-GAAP net loss is projected to be between $31.6 million and $26.0 million, representing a 29% year-over-year improvement at the midpoint [6] Operational Highlights - Veritone's management emphasized improved cost management and operational discipline as key factors in the reduction of operating losses [4] - The company remains confident in its bottom line outlook, projecting a path to profitability by late 2026 [5][21] - Recent contract wins for the Veritone Data Refinery (VDR) product with leading hyperscalers indicate strong market momentum and expansion [24]
Veritone to Hold Third Quarter 2025 Results Conference Call on November 6th
Businesswire· 2025-10-13 20:15
Core Viewpoint - Veritone, Inc. will hold a conference call on November 6, 2025, to discuss its third quarter 2025 financial results and provide a business update [1]. Company Overview - Veritone, Inc. (NASDAQ: VERI) specializes in human-centered enterprise AI solutions, serving various industries including media, entertainment, public sector, and talent acquisition [3]. - The company's leading AI platform, aiWARE™, integrates machine learning models to convert data into actionable intelligence, enhancing decision-making and profitability for clients [3].