Veritone Q3 revenue $37.2M (+64% GAAP); net loss improves to $4.9M; CEO succession set for Jan 2023

Veritone, Inc.

2022-Q3 EPS reported -$0.84 revenue$105,838,000

Revenue $37.2M, up 64% GAAP (5% Pro Forma); Software revenue $20.8M, up 131% GAAP.
GAAP net loss $4.9M vs $11.5M prior year; Non-GAAP net loss $5.7M vs $2.3M.
Cash $196.1M (incl. $59.5M managed services client funds), up from $72.6M YoY.
Software customers 618 (+43% YoY); record new bookings $16.5M (+393% Pro Forma).
CEO Chad Steelberg to resign Jan 1, 2023 (remains Chairman); President Ryan Steelberg to become President and CEO.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Ryan Steelberg

President and Chief Executive Officer

VERI · Veritone, Inc.

Effective: 2023-01-01
Filed: November 8, 2022, 6:59 PM ET

The Company intends to appoint Ryan Steelberg, the Company’s current President and a member of the Board of Directors of the Company, as President and Chief Executive Officer of the Company, effective as of January 1, 2023.

Departed

Chad Steelberg

Chief Executive Officer

VERI · Veritone, Inc.

Effective: 2023-01-01
Successor: Ryan Steelberg
Filed: November 8, 2022, 6:59 PM ET

On November 4, 2022, Chad Steelberg informed the Company of his intention to resign as Chief Executive Officer of the Company, effective as of January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Veritone, Inc. reported financial results for third quarter ended September 30, 2022.

Period: third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 8, 2022, Veritone, Inc. (the “Company”) announced its financial results for the third quarter ended September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Ryan Steelberg was appointed as President and Chief Executive Officer at Veritone, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Company intends to appoint Ryan Steelberg, the Company’s current President and a member of the Board of Directors of the Company, as President and Chief Executive Officer of the Company, effective as of January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Chad Steelberg departed as Chief Executive Officer at Veritone, Inc..

Action: resign
Role: Chief Executive Officer

Exact text from the filing

On November 4, 2022, Chad Steelberg informed the Company of his intention to resign as Chief Executive Officer of the Company, effective as of January 1, 2023.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Veritone, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023222

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