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Veritone (VERI)
:VERI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.2Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 17.95%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Veritone, Inc. demonstrated solid strategic progress with strong growth potential in the public sector and through new product launches. Cost reductions and strategic divestitures have positioned the company well for future growth. However, revenue declines and challenges in consumption-based revenue present ongoing challenges. Despite these challenges, the company's strategic initiatives and growth projections in the public sector and AI solutions suggest positive momentum moving forward.Company Guidance
In the fourth quarter of 2024, Veritone, Inc. reported a revenue of $22.4 million, witnessing a decline of $4.7 million compared to Q4 2023, primarily due to a decrease in software products and services in the commercial sector. The company's full-year revenue for 2024 was $92.6 million, a 7% decrease from 2023. Despite this, Veritone is optimistic about fiscal 2025, projecting revenue between $107 and $122 million, representing a potential 24% year-over-year increase. The company anticipates substantial growth in the public sector, predicting a 100% to 150% increase, driven by its IDEMS applications. Additionally, Veritone's gross revenue retention remained above the ninetieth percentile, and the company ended 2024 with a significantly improved cost structure due to $40 million in annualized cost savings. The positive outlook for 2025 is bolstered by Veritone's strategic divestiture of its legacy media agency, Veritone One, which strengthened its financial foundation, and the success of its Veritone Data Refinery platform, which has already generated $0.7 million in revenue in Q4 2024.Solid Revenue Performance
Q4 2024 and full year fiscal 2024 financial results reflect solid revenue performance despite a 7% year-over-year decrease from $100 million in 2023 to $92.6 million in 2024. The company is positioned for a breakout year in 2025 with projected revenue growth of 24%.
Strategic Divestiture
Sale of VeritoneOne, the legacy advertising agency, focused operations on advanced AI solutions. The divestiture strengthened financial foundation, reduced debt, and improved focus on AI enterprise software.
Expansion and Product Launches
Launched Veritone Data Refinery and expanded partnerships with CBS News, AWS Marketplace, and others. VDR is in full production, contributing to revenue growth, and has a $5 million sales pipeline.
Public Sector Growth
Expecting a 100% to 150% year-over-year growth in the public sector, driven by IDEMS applications and significant contracts with the Department of Defense and other federal entities.
Diverse Customer Base
No single customer represented more than 5% of revenue, maintaining gross revenue retention above the ninetieth percentile. Expanded customer base includes CBS News, ESPN, NCAA, FedEx, and government agencies.
Cost Reduction and Improved Profitability
Executed over $40 million of annualized cost savings since 2023, including $17 million in 2024. Positioned for improved profitability and projected path to profitability as early as fiscal 2026.
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VERI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VERI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $2.34 | $2.61 | +11.54% |
| Nov 12, 2024 | $3.74 | $2.84 | -24.06% |
| Aug 08, 2024 | $2.69 | $2.36 | -12.27% |
| May 07, 2024 | $3.33 | $3.73 | +12.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Veritone (VERI) report earnings?
Veritone (VERI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Veritone (VERI) earnings time?
Veritone (VERI) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VERI EPS forecast?
VERI EPS forecast for the fiscal quarter 2025 (Q1) is -0.18.
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