Veritone (VERI) Misses Q2 EPS by 44c, provides guidance

Veritone (NASDAQ: VERI) reported Q2 EPS of ($0.59), $0.44 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $30.99 million versus the consensus estimate of $31 million.

GUIDANCE:

Veritone sees Q3 2024 revenue of $34-35 million, versus the consensus of $37.9 million.

Non-GAAP net loss is expected to be in the range of $2.6 million to $4.0 million, compared to non-GAAP net loss of $7.9 million in the third quarter of 2023.

Full Year 2024

Revenue is expected to be in the range of $136.0 million to $142.0 million, versus the consensus of $137.9 million and 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 $37.3 million for fiscal 2023.

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

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