Ladenburg Thalmann Starts Veritone (VERI) at Buy
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March 13, 2025 4:39 PM EDT
Executive Chairman of 5.11 Tactical brings Public Sector and global business operations expertise to Veritone
DENVER--(BUSINESS WIRE)--
Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the appointment of Francisco J. Morales to its Board of Directors, to be effective March 20, 2025.
Francisco J. Morales is the Co-founder and Executive Chairman of 5.11 Tactical and its former CEO. Founded in 2003, 5.11 Tactical is widely recognized as a global market leader in tactical apparel, footwear, and gear for law enforcement, military, and first responders, serving... More
March 13, 2025 4:22 PM EDT
Fiscal Year 2024 Revenue of $92.6 million, in line with outlook
Q4 Software and Managed Services Revenue of $15.5 million and $6.9 million, respectively
ARR of $58.8 million from 3,237 Total Software Products & Services Customers, including $47.5 million or 81% from subscription-based customers
Completed divestiture of media agency in October 2024 for total consideration of up to $104 million, including $59.1 million of cash at closing and up to $18 million in earnout subject to the media agencys revenue performance in calendar year 2025
Completed a $20.3 million common stock registered direct offering in... More
