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Veritone Inc   (VERI)
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Price: $1.7950 $-0.15 -7.712%
Day's High: $1.96 Week Perf: -28.49 %
Day's Low: $ 1.75 30 Day Perf: -1.1 %
Volume (M): 392 52 Wk High: $ 8.04
Volume (M$): $ 703 52 Wk Avg: $3.33
Open: $1.96 52 Wk Low: $1.48



 Market Capitalization (Millions $) 66
 Shares Outstanding (Millions) 37
 Employees 393
 Revenues (TTM) (Millions $) 137
 Net Income (TTM) (Millions $) -66
 Cash Flow (TTM) (Millions $) -124
 Capital Exp. (TTM) (Millions $) 5

Veritone Inc
Veritone Inc. is a leading artificial intelligence (AI) technology and solutions provider with headquarters located in Costa Mesa, California. The company was founded in 2014 by Chad Steelberg and Ryan Steelberg and has since grown rapidly to become a leading player in the AI industry.

Veritone's flagship product is the aiWARE operating system, which is an AI-powered platform that enables businesses, government agencies, and media organizations to automate and enhance their workflows through deep learning and cognitive computing. The platform allows users to extract insights and valuable metadata from audio, video, and structured data sources, which can be integrated into various applications to help organizations make informed decisions.

Veritone's customers include global media conglomerates, large corporations, government agencies, and legal firms, among others. The company's solutions are used for a wide range of use cases, such as media asset management, content compliance, audio and video analysis, and compliance monitoring. Veritone's products are designed to streamline complex processes and enable users to achieve better results while reducing the burden of manual work.

The company's business model is based on subscription-based licensing, which provides customers with access to proprietary AI technology, tools, and services. Veritone also offers professional services to help customers with the integration and customization of their products.

Veritone's success can be attributed to its innovation and dedication to driving the AI industry forward. The company has several patents and proprietary technologies that have gained recognition and awards from the industry and users alike. In 2019, Veritone was named a finalist in the SaaS Awards, and its aiWARE platform was selected as one of the top 20 AI platforms by Analytics Insight.

The company has partnerships with leading technology providers, including Amazon Web Services, Microsoft Azure, and Google Cloud, which provide access to advanced AI capabilities and infrastructure. Veritone has also made strategic acquisitions in recent times to expand its capabilities, such as the acquisition of Wazee Digital in 2019, which added advanced video asset management and distribution to its portfolio.

Overall, Veritone Inc. is a dynamic, innovative company that is focused on driving the AI industry's growth and evolution. Its aiWARE platform has made it an industry leader in AI technology and solutions, enabling it to serve a wide range of applications and industries.


   Company Address: 1615 Platte Street Denver 80202 CO
   Company Phone Number: 507-1737   Stock Exchange / Ticker: NASDAQ VERI
   VERI is expected to report next financial results on March 12, 2024.


   

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Business Update

Veritone Takes Bold Steps Towards Profitability: Organizational Restructuring to Drive Efficiency and Growth

Published Wed, Feb 21 2024 9:15 PM UTC

Veritone Implements Restructuring Initiatives to Drive Profitability and Organizational OptimizationIn a bid to streamline its operations and expedite its path to profitability, Veritone, Inc. (NASDAQ: VERI), a prominent player in enterprise AI software and solutions, has announced the implementation of several restructuring initiatives. These initiatives, which were initiat...

Contract

Veritone Joins Forces with AWS to Promote Responsible Generative AI Development

Published Tue, Nov 28 2023 12:00 PM UTC



In a bid to advance the field of artificial intelligence (AI) and promote responsible practices, Veritone Inc., a prominent provider of human-centric AI solutions, has joined the newly unveiled Generative AI Center of Excellence (CoE) for Amazon Web Services (AWS) Partners. This strategic move signifies a significant stride towards the ethical development and utili...

Veritone Inc

Veritone Inc Recognized as Three-Time Winner at Deloitte Technology Fast 500 Awards, Confirming Their Position as an Innovative Tech Leader in North America

Veritone Inc, a leading AI solutions provider, has recently announced its recognition as a three-time winner at the prestigious Deloitte Technology Fast 500 Awards for the year 2023. This accolade solidifies Veritone's position among the most innovative and rapidly growing technology companies in North America.
The Deloitte Technology Fast 500 Awards evaluates and ranks companies based on their percentage of revenue growth during the 2019 to 2022 fiscal years. Veritone's consistent growth trajectory over this period showcases their commitment to pushing the boundaries of AI innovation continuously. This remarkable achievement is a testament to the company's unwavering dedication to delivering cutting-edge solutions that reshape industries.

Product Service News

Veritone Reigns Supreme as Three-Time Champion at the Deloitte Technology Fast 500 Awards

Published Wed, Nov 8 2023 12:30 PM UTC



DENVER - Veritone, Inc. (NASDAQ: VERI), a pioneer in developing AI solutions centered around human needs, proudly announces its recognition as a three-time winner at the prestigious Deloitte Technology Fast 500 Awards for the year 2023. This accolade celebrates Veritone's position among the most innovative and rapidly growing technology companies in North America. ...

Veritone Inc

Veritone Inc Faces Deficit Amidst Slumping Sales in Q2 2023



In the ever-changing and dynamic world of the stock market, it is essential for investors to dig deep and analyze companies' financial performance to make informed decisions. One such company experiencing an interesting fiscal period is Veritone Inc. Let's take a closer look at the key facts and figures from their Q2 2023 financial report.
Diminishing Returns and Revenue Decline:
During the April to June 30, 2023 fiscal period, Veritone Inc experienced a significant decline in earnings per share compared to the previous year. The value of -$0.63 per share was reported, as opposed to -$0.09 per share a year prior. Moreover, this figure remained consistent from the preceding quarter. This reduction in earnings per share reflects a challenging period for the company.






 

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