Veritone Reports Financial Results for the First Quarter of 2020
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Veritone One (VERI) Tops Q1 EPS by $0.04, Revenues Miss; Offers 2Q Revenue Guidance Below Consensus
May 11, 2020 4:39 PM EDT(Updated - May 11, 2020 5:35 PM EDT)
(Update corrects EPS for adjusted figure)
Veritone One (NASDAQ: VERI) reported Q1 EPS of ($0.25), $0.04 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $11.9 million versus the consensus estimate of $12.61 million.
First Quarter 2020 Financial Highlights:
Net revenues were $11.9 million, a decrease of 4.4% compared with $12.4 million in Q4 of 2019 and a decrease of 1.8% compared with $12.1 million in Q1 of 2019.aiWARE SaaS net revenues increased to a record $3.1 million, up 8% sequentially and 13% year-over-year.Advertising net revenues were $6.0 million, reflecting... More