secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-060668
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023060668/0000950170-23-060668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023060668/veri-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060668

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