secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-023222
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017022023222/0000950170-22-023222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017022023222/veri-20221104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer