Veritone(US:VERI)2025-05-08 20:24Financial Performance & Metrics - Total revenue for Q1 2025 was $22463 thousand, a decrease of 7% compared to $24153 thousand in Q1 2024[83] - Software Products & Services revenue for Q1 2025 reached $145 million[68], with 3156 total customers[68] - The company's Annual Recurring Revenue (ARR) stood at $587 million in Q1 2025[68] - Gross Revenue Retention exceeded 90% in Q1 2025[68] - Non-GAAP Net Loss for Q1 2025 was $(11130) thousand, compared to $(7619) thousand for Q1 2024[83] Strategic Initiatives & Growth - Veritone is targeting a 345% CAGR from 2024 to 2027 in the training data market[55] - The company estimates a direct revenue opportunity of $5-10M+ in 2025, $30M in 2026, and $60M in 2027 from the training data market[58] - Veritone Data Refinery (VDR) aims to transform unstructured data into AI-ready assets, targeting a $17 billion training data market[50, 57] Business Updates & Partnerships - Veritone completed the divestiture of Veritone One[14] - The company launched Veritone iDEMS and Veritone Data Refinery Offering (VDR)[14] - Veritone's AI solutions have been added to Carahsoft Canada's Supply Arrangement for SaaS under the Government of Canada Cloud Initiative[71]