Overview
- Veritone, which on Friday lowered its fourth-quarter revenue range to $18.1 million to $30.0 million, said the wide span stems from a complex non-cash deal that swapped aiWARE software for dataset rights.
- Management now expects a fourth-quarter loss of $0.41 to $0.28 per share, missing Wall Street’s view for a narrower loss.
- The company reduced its 2025 outlook to $93.7 million to $105.6 million in revenue and a full-year loss of $1.75 to $1.56 per share.
- Shares fell about 8% in premarket trading to $2.40, according to Benzinga Pro data.
- Looking past 2025, Veritone guided 2026 revenue to $130 million to $145 million and highlighted a new Oracle partnership and more than $50 million in Veritone Data Refinery bookings, while ending the year with $27.4 million in cash and $45.6 million in convertible debt.