Veritone Stock Price, News & Analysis

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.

Veritone (NASDAQ: VERI) has secured a significant five-year sole source contract with the Air Force Office of Special Investigations (AFOSI). The contract involves implementing Veritone's aiWARE platform and Intelligent Digital Evidence Management System (iDEMS) to enhance AFOSI's investigative and information capabilities.

The aiWARE platform will transform textual, video, and audio data into actionable insights, while iDEMS will provide forensic tools for digital evidence management. This agreement expands Veritone's presence in federal law enforcement, following their recent achievement of "Awardable" status through the Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace.

Veritone (NASDAQ: VERI) has secured a multi-year agreement with the Riverside County Sheriff's Office (RCSO), one of the nation's largest sheriff's departments, to deploy its AI-powered redaction software. The software, part of Veritone's Intelligent Digital Evidence Management System (iDEMS) suite, will help RCSO efficiently process and redact sensitive information from audio, video, and image evidence.

Veritone Redact automatically identifies and redacts sensitive content like faces, license plates, and personally identifiable information across various digital evidence sources, including bodycam, dashcam, and CCTV footage. The partnership aims to help RCSO meet public transparency demands while maintaining operational efficiency and privacy protection.

Veritone (NASDAQ: VERI) reported Q1 2025 results with total revenue of $22.5 million, down 7% year-over-year but in line with outlook. The company's Software Products & Services revenue decreased 4.8% to $14.5 million, while Managed Services revenue fell 10.7% to $8.0 million. Total ARR stood at $58.7 million from 3,156 customers. Q1 Total New Bookings increased 22% YoY to $15.8 million. The company's Veritone Data Refinery (VDR) pipeline doubled to $10.0 million. Despite revenue declines, the company improved its operating loss to $21.6 million from $24.4 million in Q1 2024. For Q2 2025, Veritone expects revenue between $23.0-25.0 million and projects full-year 2025 revenue of $104-115 million, an 18% increase at midpoint.

Veritone (NASDAQ: VERI), an enterprise AI solutions provider, has announced its upcoming participation in a major industry event. Ryan Steelberg, the company's President and CEO, will engage in a fireside chat at J.P. Morgan's 53rd Annual Global Technology, Media and Communications Conference.

The presentation is scheduled for May 15, 2025, at 8:00 AM ET / 5:00 AM PT in Boston, MA. Investors and interested parties can access a live webcast of the presentation through the News & Events section of Veritone's investor relations website.

For those seeking additional information or wanting to arrange one-on-one meetings with Veritone's management team, contact options are available through J.P. Morgan representatives or directly via investors@veritone.com.

Veritone (NASDAQ: VERI), an enterprise AI solutions company, has scheduled its first quarter 2025 financial results conference call for Thursday, May 8, 2025, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The company will discuss Q1 2025 results, provide business updates, and host a Q&A session.

Participants can join via conference call or live audio webcast. Dial-in numbers are: Domestic: (800) 830-9649 and International: (213) 992-4624. Attendees are advised to join at least fifteen minutes before the call start time.