Veritone (VERI) Misses Q4 EPS by 1c, provides guidance

Veritone (NASDAQ: VERI) reported Q4 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $34.2 million versus the consensus estimate of $33.79 million.

GUIDANCE:

Veritone sees Q1 2024 revenue of $30.5-31.5 million, versus the consensus of $31.417 million.

Non-GAAP net loss is expected to be in the range of $7.0 million to $8.0 million, compared to non-GAAP net loss of $9.6 million in the first quarter of 2023.

Full Year 2024

Revenue is expected to be in the range of $134.0 million to $142.0 million,versus the consensus of $135.8 million as compared to $127.6 million for fiscal 2023.
Non-GAAP net loss is expected to be in the range of $11.0 million to $15.0 million, compared to non-GAAP net loss of $37.5 million for fiscal 2023.

For earnings history and earnings-related data on Veritone (VERI) click here.

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