Veritone Stock Price, News & Analysis

Veritone, Inc. (NASDAQ: VERI) will host a conference call on May 4, 2021, at 4:30 p.m. ET to discuss its first-quarter 2021 results. The call aims to provide business updates and a Q&A session. Interested participants can join via a webcast or dial-in, with preregistration encouraged to avoid wait times. Veritone is recognized for its aiWARE™ platform, which integrates AI applications and solutions for various sectors, enhancing operational efficiency and data intelligence.

Veritone, Inc. (NASDAQ: VERI) reported record revenues of $16.8 million for Q4 2020 and $57.7 million for the full year, driven by aiWARE SaaS Solutions and Advertising. GAAP net loss narrowed to $12.4 million for Q4 and $47.9 million for the year. Management forecasts a revenue increase of 40% for 2021, supported by a strong pipeline and improved SaaS solutions. The company maintains a solid balance sheet with $114.8 million in cash and no long-term debt. Recent highlights include being named to Forbes' 2021 best small-cap companies list and launching new AI capabilities.

Veritone, Inc. (Nasdaq: VERI) has migrated its aiWARE and patented Cooperative Distributed Inferencing (CDI) technology to NVIDIA's robust software stack and GPUs. This integration aims to optimize real-time AI model control in complex electrical grids, enhancing processing speeds by up to 100x compared to traditional CPUs. Veritone emphasizes its commitment to improving clean energy management through this partnership. The CDI technology will enable real-time updates for energy devices, optimizing battery control and grid performance.

Veritone (NASDAQ: VERI) has announced its participation in two upcoming virtual conferences in March 2021. The JMP Securities Technology Conference will feature a fireside chat on March 2nd from 4:00 PM to 4:25 PM Eastern Time, along with virtual 1x1 meetings throughout the day. The 33rd Annual Roth Conference will take place on March 16th, with a fireside chat scheduled from 10:30 AM to 10:55 AM Eastern Time. For more information, including how to listen to the webcasts, visit the Veritone website.

Veritone (Nasdaq: VERI) has entered into a significant agreement with CRP Radios in Peru, enhancing its presence in the South American market. This collaboration will allow CRP Radios to utilize Veritone Attribute, a leading AI-driven broadcast attribution tool, to gain insights into advertising performance across eight radio stations. In initial tests, the application showed an approximate 12% lift in website visits for advertisers. The growth of radio ad spending in Latin America, projected to reach $1.28 billion, positions CRP Radios strategically to optimize ad performance and increase revenue.

Veritone, Inc. (NASDAQ: VERI) announced a conference call on March 4, 2021, at 4:30 PM ET to discuss its fourth quarter and fiscal year 2020 results. The call will include a business update and a Q&A session. Participants can preregister or join via a live audio webcast. The company is known for its aiWARE™ operating system, which enhances operational efficiency through AI applications. Veritone is headquartered in Costa Mesa, California, and operates globally.

Veritone (Nasdaq: VERI) has entered a six-year agreement with Extreme E to provide a sports-specific, multi-cloud distribution solution. Starting in April 2021, the collaboration aims to enhance video coverage using advanced technologies like drones and VR while promoting climate change awareness. Veritone's intelligent digital asset management platform, Digital Media Hub, will streamline content distribution and accessibility. The partnership aligns with Veritone's sustainability mission as exemplified by its AI-powered energy solutions, Veritone Energy.