---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-060668"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:35:41.048274+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Veritone Q3 rev $35.1M, net loss $20.9M; secures $77.5M term loan to repurchase notes at discount

## Summary
- Q3 2023: revenue $35.1M (down 6% YoY); net loss $20.9M vs $4.9M prior year.
- Software revenue $20.4M (down 29% pro forma) driven by reduced Amazon spending; ARR $98.6M (down 24%).
- Enters $77.5M senior secured term loan (SOFR+8.5%, floor 3%) with Highbridge; uses $37.5M to buy $50M notes at 75% par.
- Issues warrants for 3.0M shares at $2.576; quarterly amortization 2.5% starting June 2024.
- Guidance: Q4 rev $33-34.5M; FY rev $126-128M, non-GAAP net loss $36-37M (vs $15.9M prior year).

## SEC filing metadata
- accession: 0000950170-23-060668
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000095017023060668/0000950170-23-060668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000095017023060668/veri-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-060668
- JSON: https://secwatch.observer/filing/0000950170-23-060668.json
- Plain text: https://secwatch.observer/filing/0000950170-23-060668.txt

## Key facts
- Material Agreements
  Veritone, Inc. entered into Commitment Letter with certain funds managed by Highbridge Capital Management, LLC and with certain other lenders valued at $77.5 million (effective 2023-11-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: certain funds managed by Highbridge Capital Management, LLC and with certain other lenders
  - Value: $77.5 million
  - Effective: 2023-11-07
  source text: On November 7, 2023, Veritone, Inc. (the “Company”) entered into a commitment letter with certain funds managed by Highbridge Capital Management, LLC and with certain other lenders (collectively, the “Lenders”), pursuant to which the Lenders have committed, subject to the terms and conditions contained therein, to establish a senior secured term loan facility in an aggregate principal amount of $77.5 million (the “Term Loan”) and to provide the entire principal amount of the Term Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000095017023060668/0000950170-23-060668-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.