Veritone, Inc. (VERI) Misses Q3 EPS by 72c

Veritone, Inc. (NASDAQ: VERI) reported Q3 EPS of ($1.31), $0.72 worse than the analyst estimate of ($0.59). Revenue for the quarter came in at $3.7 million versus the consensus estimate of $4.96 million.

Veritone Artificial Intelligence Platform

• 37 customers on the platform at the end of the quarter, compared with 13 at the prior year quarter-end, an increase of 185%
• 170 total accounts on the platform at the end of the quarter, compared with 14 at the prior year quarter-end
• 122 active third-party cognitive engines on the platform at the end of the quarter, compared with 28 at the prior year quarter-end, an increase of 336%
• 711,000 total hours of video and audio files processed during the quarter, compared with 331,000 in the prior year period, an increase of 115%
• $2.6 million in total contract value (TCV) of new bookings received during the quarter, compared with $394,000 in the prior year period, an increase of 571%
• $135,000 in monthly recurring revenue under agreements in effect at the end of the quarter, compared with $72,000 at the prior year quarter-end, an increase of 88%

For earnings history and earnings-related data on Veritone, Inc. (VERI) click here.

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