Veritone (VERI) Misses Q2 EPS by 10c; Offers FY23 Revenue Guidance
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Veritone Reports Second Quarter 2023 Results
August 8, 2023 4:12 PM EDT- Q2 Total Revenue and Software Revenue of $28.0 and $14.1 million, respectively -
- ARR(1) of $108 million from 3,705 Total Software Products & Services Customers(1), including $47 million from subscription-based customers(1) -
- Cost reduction initiatives achieved to date resulting in over $17 million of annualized savings, including successful divestiture of Energy Group in Q2 2023 -
- Successfully completed acquisition of Broadbean in June 2023, accelerating revenue growth and market share opportunities across +3,000 HR Solutions customers -
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