Veritone Q1 revenue down 12% YoY to $30.3M, net loss widens to $22.8M

Veritone, Inc.

2023-Q1 EPS reported -$0.63 revenue$30,263,000

Revenue $30.3M, down 12% YoY; Software Products & Services revenue $14.1M, down 22%.
GAAP net loss $22.8M vs $22.1M in Q1 2022; Non-GAAP net loss $9.6M vs $5.2M.
Ending Software Customers 667, up 19% YoY; Total New Bookings $15.0M, up 57% YoY.
Cash and equivalents $139.7M at quarter end, down from $184.4M at Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Veritone, Inc. reported the first quarter ended March 31, 2023 results: revenue $30.3 million, net income $22.8 million.

Period: the first quarter ended March 31, 2023
Revenue: $30.3 million
Net income: $22.8 million
Result: reported results

Exact text from the filing

on that demand and is on the right path to opportunistically scale operations while unlocking long-term shareholder value.” First Quarter 2023 Financial Highlights • Revenues of $30.3 million, a decrease of $4.1 million or 12% compared to Q1 2022 on a GAAP basis driven by a decline in hiring solutions Software Products & Services. • Managed Services revenue of $16.1

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Source: SEC EDGAR

accession 0000950170-23-016678

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