Consumer surplus for software products

Veritone Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Software, Technology, Artificial Intelligence, U.S. Women's National Team Players Association, Government, Veritone, Unitary state, A&E Networks, Football, Prior, Branch, HBO, Pro forma, GAAP, Managed services, Senior, Common stock, U.S. Department of Justice Office of Legislative Affairs, NBCUniversal, NBC, Indian Revenue Service (Custom & Indirect Taxes), Revenue stream, Augusta National Golf Club, Legislative Branch Appropriations Act, 2015, Association football, Partnership, CareerBuilder, Term loan, Consumer surplus for software products, Human voice, Universal, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, CAA, United States Tennis Association, Highbridge Capital Management, Letter, DOJ, Software as a service, Sales, Video game, Renting, Security (finance), Music, United States Soccer Federation, Service, Vicia faba, Amazon

Veritone may, subject to certain conditions and limitations, elect to make any amortization payment in shares of its common stock.

Key Points: 
  • Veritone may, subject to certain conditions and limitations, elect to make any amortization payment in shares of its common stock.
  • Financial Results for Three Months Ended September 30, 2023
    Delivered third quarter revenue of $35.1 million, a decrease of $2.1 million or 6% from $37.2 million in the third quarter of 2022.
  • Veritone will hold a conference call using its synthetic voice technology, Veritone Voice, to deliver management’s prepared remarks on Wednesday, November 8, 2023, at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its third quarter 2023 results, provide an update on the business and conduct a question-and-answer session.
  • To participate, please join the audio webcast or dial-in and ask to be connected to the Veritone earnings conference call.

Veritone Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Software, Technology, Artificial Intelligence, Pro forma, Revenue stream, Software as a service, Partnership, Senate, Prior, GLC, Media, GAAP, SQL-Ledger, LEA, Human voice, United, Windows Media Player, Acquisition, MLB, Managed services, Veritone, Growth, Consumer surplus for software products, Indian Revenue Service (Custom & Indirect Taxes), Major League Baseball, Sales, Video game, Renting, Cryptocurrency, Service, Amazon, Vicia faba

Executed on $17 million of the annualized strategic cost reduction initiatives announced in Q1 2023, exceeding the annualized savings target for 2023.

Key Points: 
  • Executed on $17 million of the annualized strategic cost reduction initiatives announced in Q1 2023, exceeding the annualized savings target for 2023.
  • Financial Results for Three Months Ended June 30, 2023
    Delivered second quarter revenue of $28.0 million, a decrease of $6.3 million or 18% from $34.2 million in the second quarter of 2022.
  • Non-GAAP gross margin was 72%, as compared to 80% in the second quarter of 2022, and declined primarily due to the mix of revenue.
  • Veritone will hold a conference call using its synthetic voice technology, Veritone Voice, to deliver management’s prepared remarks on Tuesday, August 8, 2023, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its second quarter 2023 results, provide an update on the business and conduct a question-and-answer session.