Veritone Exceeds Top- and Bottom-Line Guidance for Q1 2021, Reporting Record Revenue up 54% Year over Year
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Veritone (VERI) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance
May 4, 2021 5:03 PM EDTVeritone (NASDAQ: VERI) reported Q1 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $18.3 million versus the consensus estimate of $17.37 million.
Posted Record Revenue in Q1 of $18.3 Million, Up 54% Year over YearGrew Q1 aiWARE SaaS Solutions and Advertising Revenues to $4.7 Million and $10.3 Million, RespectivelyIncreased Q1 Gross Profit 56% Year over Year to $13.5 MillionGAAP Net Loss in Q1 of $30.6 Million, including $25.0 Million of Charges Related to Stock-based Compensation and a Facility SubleaseImproved Q1 Non-GAAP Net Loss 41% Year over Year to $3.9 MillionImproved... More