Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI) showcased its innovative Veritone Voice, a multilingual synthetic voice technology, during its fourth quarter and full year 2021 earnings call. The call featured digitally cloned voices including that of the legendary Vin Scully. This technology, part of a rapidly growing $14.8 billion market estimated to reach $36 billion by 2025, allows for efficient content production across various industries. Veritone Voice enhances the quality and speed of synthetic content creation, facilitating broad application across media and enterprise sectors.

Veritone, Inc. (NASDAQ: VERI) announced its partnership with Competitive Power Ventures (CPV) to provide advanced energy price forecasting using its aiWARE platform. The solution, known as intelligent distributed energy resource management solution (iDERMS), aims to enhance CPV's competitiveness in the wholesale energy market. By improving forecasting accuracy, CPV can make informed decisions related to power generation, which is vital for modernizing the power grid while ensuring reliability and environmental responsibility.

Veritone, Inc. (NASDAQ: VERI) reported a record Q4 2021 revenue of $55.1 million, a 230% increase year-over-year, and full-year revenue of $115.3 million, up 99%. The company achieved its first positive non-GAAP net income of $6.8 million. Customer growth rose by 47% with 529 software customers. Despite a GAAP net loss of $70.6 million for the year, Veritone ended 2021 with $255 million in cash. The outlook for 2022 forecasts revenue growth of over 60%, projecting $180 million to $190 million. Veritone is well-positioned for future investments in AI capabilities.

Veritone (NASDAQ: VERI) has launched its intelligent distributed energy resource management solution (iDERMS), enabling utilities and independent power producers to transition to clean energy while meeting regulatory and environmental goals. The solution leverages aiWARE for real-time energy forecasting and optimization. Analyst Alan Pelz-Sharpe emphasizes its potential to balance energy supply and demand effectively. The iDERMS system includes modules for forecasting, optimization, and control, promising enhanced reliability and increased profit potential for users.

Veritone, Inc. (NASDAQ: VERI) announces significant enhancements to its Veritone Voice solution, improving the production of lifelike synthetic voices. Since its launch in May 2021, Veritone Voice has served over 2,000 customers and generated thousands of voice clips. The latest updates include upgraded text editor capabilities and the addition of 72 new stock voices in various languages. This innovation allows creators to produce content that is more natural and accessible, meeting the growing demand for personalized audio in enterprise and consumer markets.

Veritone (NASDAQ: VERI) and iHeartMedia (NASDAQ: IHRT) announced a collaboration to utilize Veritone’s synthetic voice solution for podcast content. This technology enables iHeartMedia to create verified synthetic voices, transforming them into various languages and accents. Initially, popular podcasts will be translated for Spanish-speaking audiences, aiming to expand iHeartMedia's reach in the podcast market. The solution promises to lower production costs while retaining the authenticity of the original voice talent, thus unlocking new revenue streams for both companies.

Veritone (NASDAQ: VERI) has been selected as a key AI partner in a $249 million Blanket Purchase Agreement with the Department of Defense Joint Artificial Intelligence Center. This agreement enables the JAIC to utilize the aiWARE™ platform for Test & Evaluation, enhancing AI technologies including Machine Learning and Neural Networks. Veritone's platform aims to improve operational efficiencies and reduce deployment costs across government agencies, including the U.S. Air Force.

Veritone, Inc. (NASDAQ: VERI) announced a conference call on March 3, 2022, at 4:30 p.m. ET to discuss its fourth quarter and full year 2021 financial results. The event will provide updates on the business and include a Q&A session. Interested parties can participate via webcast or by phone with pre-registration encouraged to avoid delays. Veritone is known for its aiWARE platform, facilitating efficient data management and AI solutions for various sectors.

Veritone, Inc. (NASDAQ: VERI) announces its fourth quarter and full year 2021 financial results conference call scheduled for March 3, 2022, at 4:30 p.m. ET. The company aims to discuss financial outcomes and provide a business update during this session. Attendees can join via live audio webcast or by phone, with an option to pre-register for quick access. Veritone is recognized for its expansive aiWARE platform, which optimizes AI solutions for various sectors, enabling improved data management and operational efficiency.