Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI), an enterprise AI solutions company, has announced a proposed underwritten public offering of its common stock. The company plans to use the net proceeds for working capital and general corporate purposes, including debt service and repayment of indebtedness.

Needham and Company will serve as the sole bookrunning manager for the offering. The offering will be conducted through a previously filed shelf registration statement, with a preliminary prospectus supplement and accompanying prospectus to be filed with the SEC.

Veritone (NASDAQ: VERI) has announced a strategic partnership with Newsmax to implement its AI-powered Digital Media Hub (DMH) technology. The collaboration aims to modernize Newsmax's newsroom production workflows and monetize its 20-year content archive.

Powered by Veritone's aiWARE™ platform, the DMH application will enable Newsmax to search and utilize its content library effectively, supporting its 24/7 broadcasting operations. The partnership focuses on making Newsmax's archive searchable and globally accessible, creating new revenue streams through content monetization and licensing opportunities.

Veritone (NASDAQ: VERI) has achieved a significant milestone by processing over 5 trillion tokens through its Veritone Data Refinery (VDR) product in Q2 2025. VDR, powered by aiWARE operating system with 850 AI models, transforms unstructured media content into structured, AI-ready tokens with embedded governance and rights metadata.

The company's VDR platform has demonstrated strong market traction, building a $20 million near-term sales pipeline, representing a 33% increase from June 2025 estimates and a 100% growth from Q1 2025. The platform serves major media, entertainment firms, and public sector entities by making content libraries searchable, licensable, and commercially viable.

Veritone (NASDAQ:VERI) reported Q2 2025 results with total revenue of $24.0 million, meeting the top end of updated guidance. Software Products & Services revenue grew 12% year-over-year to $17.5 million, with core AI software revenue up 45% excluding Veritone Hire.

The company secured a sole source contract with the U.S. Air Force for aiWARE & iDEMS deployment. Veritone Data Refinery's pipeline reached $20.0 million, up 100% from Q1 2025. The company initiated cost reduction initiatives expected to save up to $10.0 million annually, with $8.0 million already achieved.

Financial metrics showed a GAAP net loss of $26.8 million, increasing 21% year-over-year, while operating loss improved 4.9% to $19.3 million. The company also announced a $10.0 million equity raise, including $1.0 million from the CEO.

Veritone (NASDAQ: VERI) has partnered with Guinness World Records to launch an AI-powered digital content platform featuring exclusive record-breaking footage. The platform, powered by Veritone's Digital Media Hub (DMH), enables users to search, access, and license content from Guinness World Records' 70-year archive.

The platform will serve broadcasters, publishers, brands, and content creators, offering both video content and high-resolution stills. Led by Katie Forde, SVP TV & Digital at Guinness World Records, this initiative represents the first AI-powered platform of its kind for the organization, aimed at efficiently managing and monetizing their extensive archive.

Veritone (NASDAQ: VERI), an enterprise AI solutions provider, has scheduled its second quarter 2025 financial results conference call for Thursday, August 7, 2025, at 5:00 p.m. ET (2:00 p.m. PT). The company will discuss Q2 2025 results, provide business updates, and host a Q&A session.

Participants can join via conference call using domestic number (844) 750-4897 or international number (412) 317-5293. A live audio webcast will also be available. Attendees are advised to join fifteen minutes before the call to avoid delays.

Veritone (NASDAQ: VERI) has achieved 'Awardable' status in the Platform One (P1) Solutions Marketplace, expanding its accessibility to Department of Defense (DoD) customers. This designation follows Veritone's earlier achievement of awardable status on the Tradewinds Solutions Marketplace.

The company's AI-powered solutions, including Track, Redact, Investigate, and aiWARE™, are designed to help government agencies process unstructured data and streamline workflows. This achievement will facilitate faster contract awards and reduce procurement time for DoD customers.

The announcement follows Veritone's recent sole-source contract from the Air Force Office of Special Investigations to enhance data analysis and investigative workflows.

Veritone (NASDAQ: VERI) has announced a significant equity offering totaling $10 million through multiple transactions. The company has entered into a definitive agreement for a registered direct offering of 6,452,293 shares of common stock and pre-funded warrants to purchase up to 1,804,587 shares at $1.09 per share (or $1.08 for pre-funded warrants).

The offering is notably backed by Esousa Group Holdings, an existing investor, contributing $6 million, while CEO Ryan Steelberg is participating through a concurrent private placement with a $1 million investment at a price per share of at least $1.41. The closing is expected around July 2, 2025.

The company plans to use the proceeds for working capital, general corporate purposes, capital expenditures, debt service, repayment of indebtedness, and further development of its AI platform and applications. D. Boral Capital LLC served as placement agent for certain investors in the registered direct offering.

Veritone (NASDAQ: VERI) announced several significant business updates. The company secured a sole source contract with the U.S. Air Force Office of Special Investigations (AFOSI) to deploy aiWARE and iDEMS solutions across the Department of Defense, with revenue recognition beginning in Q2 2025.

The company reported a 50% increase in its Veritone Data Refinery (VDR) pipeline since May 2025, now exceeding $15 million. Additionally, Veritone implemented cost reduction initiatives in June 2025, targeting annualized savings of up to $10.0 million, with over $7.5 million already executed.

Veritone updated its Q2 2025 guidance with expected revenue between $23.5-24.0 million and reiterated full-year 2025 revenue guidance of $104.0-115.0 million. The company anticipates reaching profitability as early as the second half of 2026.