Veritone® Reports Financial Results for the Second Quarter of 2019

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Go back to Veritone® Reports Financial Results for the Second Quarter of 2019

Veritone One (VERI) Tops Q2 EPS by 3c; Offers Q3 Revenue Outlook

August 7, 2019 5:24 PM EDT

Veritone One (NASDAQ: VERI) reported Q2 EPS of ($0.44), $0.03 better than the analyst estimate of ($0.47). Revenue for the quarter came in at $12.3 million versus the consensus estimate of $12.22 million.

Chad Steelberg, CEO and Chairman of Veritone, said, Our second quarter net revenues increased 194% year-over-year to a record $12.3 million, due to a $6.2 million contribution from the companies we acquired last year and organic growth. Our aiWARE SaaS revenue increased by 211% (102% excluding acquisitions) compared with the second quarter of 2018. We achieved new customer wins in all of our end... More