Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI) has announced enhancements to its aiWARE™-powered Digital Media Hub, aimed at improving media management for content creators. This update includes new features such as the Annotation Tool, which allows users to tag and save information for media segments, and the Data Export Tool, enabling precise exports of content data. These enhancements are designed to boost content discoverability and operational efficiency, addressing challenges posed by COVID-19, and are anticipated to create additional licensing and revenue opportunities.

Veritone, Inc. (NASDAQ: VERI) will participate in the 16th Annual Needham Technology & Media Conference from May 17-20, 2021. Management is set to present on May 18, 2021, at 9:45 am PT/12:45 pm ET. The presentation will be available for replay online. Additionally, Veritone is hosting a Virtual Investor Day and Technology Expo on May 14, 2021, at 9:00 am PT/12:00 pm ET. For further details or to schedule a meeting with management, attendees can contact their Needham representative or Veritone's IR team via email.

Veritone (NASDAQ: VERI) has unveiled its Interaction Analytics solutions, designed to enhance customer interaction insights. These pre-configured AI tools utilize Veritone's proprietary aiWARE system to automatically analyze unstructured data from various communication channels in near-real-time. The launch includes three key solutions: Contact Center Compliance, Contact Center Insight, and Social Media Insight, enabling businesses to boost revenue, reduce operational costs, and improve customer satisfaction. This innovation aims to unlock valuable insights previously trapped in unstructured data.

Veritone, Inc. (NASDAQ: VERI) reported record revenue of $18.3 million for Q1 2021, a 54% year-over-year increase, driven by strong growth in its aiWARE SaaS Solutions and advertising sectors. Despite a GAAP net loss of $30.6 million, the company showed an improvement in non-GAAP net loss, narrowing it to $3.9 million. With over $125 million in cash and no debt, Veritone anticipates Q2 revenue of $18.8 million to $19.2 million. Notable partnerships and awards were highlighted as key business developments.

Veritone, Inc. (Nasdaq: VERI) announces its support for AWS for Media & Entertainment, aimed at enhancing media content management. This initiative offers new services like Amazon Nimble Studio, enabling rapid studio setup, and integrates various AWS capabilities to streamline content production and analytics. Veritone's AI-powered Digital Media Hub will facilitate efficient content distribution and monetization, processing vast amounts of media data monthly. This collaboration is positioned to drive revenue potential for media companies, ensuring secure and accessible content management.

Veritone, Inc (NASDAQ: VERI) has launched its new Grid Reliability in Device (GRID) initiative, aiming to embed intelligent predictive controllers into renewable energy assets like solar inverters and battery systems. This effort is designed to enhance the integration of distributed energy resources, improve grid resilience, and extend the lifespan of these assets. The initiative seeks to address reliability challenges faced by utilities and independent power producers in managing green energy sources, especially during extreme weather events.

Veritone (Nasdaq: VERI) has extended its partnership with Audacy (NYSE: ETM), enhancing its AI-powered content analysis capabilities. The collaboration enables Audacy to utilize Veritone Discovery, an AI-driven application that processes and analyzes unstructured media, offering in-depth insights into content performance. This partnership allows Audacy to visualize advertising effectiveness across 230 stations in 47 markets. Audacy's Chief Revenue Officer emphasized the value of these AI solutions in improving analytics for their clients and partners.

Veritone, Inc. (NASDAQ: VERI) will host a virtual Investor Day and Technology Expo on May 14, 2021, starting at 9:00 am PT/12:00 pm ET. Key highlights will include discussions on new business strategies, live demonstrations of cutting-edge technologies, and testimonials from customers and partners. Management will engage in live Q&A sessions, providing insights into the company's vision and operational advancements. This event aims to showcase Veritone's proprietary aiWARE™ system, which transforms data into actionable intelligence and enhances operational efficiency.

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.