Veritone Stock Price, News & Analysis

Veritone, Inc. (NASDAQ: VERI) announced participation in several conferences in June 2022 to enhance engagement with investors. The events include the BofA Global Technology Conference on June 7 in San Francisco, the Stifel 2022 Boston Cross Sector Insight Conference on June 9, with a presentation at 1:15 pm ET, and the 8th Annual Roth London Conference from June 21-23 in London. For more details and to schedule meetings, visit Veritone's investor page.

Veritone (NASDAQ: VERI), a leader in AI software, has launched its new application, Navigate, designed to enhance influencer marketing and media planning for its full-service agency, Veritone One. Navigate automates analysis and provides insights by aggregating billions of data points from 30,000 shows. This innovative tool aims to drive client ROI through improved ad performance evaluation and media optimization, enabling media planners to make data-driven decisions rapidly. Veritone One currently executes over 80,000 ad integrations monthly, indicating its significant impact on the advertising sector.

Veritone, Inc. (NASDAQ: VERI) has expanded its partnership with the United States Golf Association (USGA) to enhance its content licensing business. The deal extends an existing championship video archival agreement to include programmatic licensing of USGA's extensive video archive. This collaboration aims to make more unique video and photos available globally for various creative projects, including documentaries and immersive digital experiences. The initiative leverages Veritone's AI solutions for efficient content delivery.

Veritone reported strong Q1 2022 results with GAAP revenue of $34.4 million, an 88% increase year-over-year, and Pro Forma revenue rising 45%. Software revenue surged 288% to $18.2 million, while SaaS customers grew by 45% to 559. New bookings reached $9.6 million, a 292% increase. Despite a GAAP net loss of $28.4 million, cash reserves stood at $237.6 million. The company anticipates Q2 revenue between $38.0 million and $39.0 million, projecting full-year revenue of $180.0 million to $190.0 million.

Veritone (NASDAQ: VERI) has partnered with Google Cloud to implement its aiWARE platform for Globo, Brazil's leading media company, enhancing the management of over 2,800 hours of annual sports content. This collaboration allows Globo to automate search and discovery of digital media, improving operational efficiency and creating a contextual data layer for rights-held assets. Veritone’s technology will facilitate advanced metadata generation, combining video and image recognition, transcription, and more, streamlining content accessibility and supporting Globo’s recent three-year deal with the Brazilian Football Confederation.

Veritone, Inc. (NASDAQ: VERI) announced that its intelligent Distributed Energy Resource Management Solution (iDERMS) was selected by Marubeni Corporation for a pilot project in the California Independent System Operator (CAISO) SP-15 region. This solution offers price, demand, and generation forecasts, enabling Marubeni to optimize its energy operations. By improving forecasting accuracy, Marubeni aims to enhance its competitive position in the wholesale electricity market and support power grid resilience. Veritone's iDERMS utilizes AI to transform energy ecosystems by optimizing and controlling distributed energy resources.

Veritone, Inc. (NASDAQ: VERI) announced participation in the 2022 NAB Show from April 23-27 at the Las Vegas Convention Center. The company will showcase its aiWARE platform and new Veriverse solutions at Booth #W4716. Co-founder Ryan Steelberg will lead sessions discussing how AI can enhance media strategies in the metaverse, including solutions for synthetic voice, content monetization, and brand continuity. Veritone aims to demonstrate significant innovations that could reshape media and entertainment.

Talentcare, LLC has launched a new Recruitment Marketing solution designed to enhance hiring efficiency for mid-market companies. This AI-powered programmatic job advertising capability aims to attract more qualified job candidates while optimizing performance within budget constraints. Partnering with PandoLogic, Talentcare's platform allows seamless job postings across various job sites and social networks. The goal is to empower employers to creatively source and hire efficiently in a competitive hiring market.