---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-029995"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:02:00.155510+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Veritone Q4 revenue falls 22% to $34.2M, guides FY2024 revenue up 5-11%

## Summary
- Q4 2023 revenue $34.2M (-22% YoY); FY2023 revenue $127.6M (-15% YoY). Non-GAAP net loss Q4 $6.8M vs +$2.2M prior year.
- Software Products & Services revenue $19.8M (-27% YoY); ARR fell 30% to $82.1M due to large customer consumption decline.
- Announced restructuring in Q1 2024, targeting >15% annualized opex savings, with profitability as early as Q4 2024.
- Closed $77.5M senior secured term loan; used $37.5M to repurchase $50M of 2026 convertible notes at discount.
- Guidance: Q1 2024 revenue $30.5-31.5M, FY2024 revenue $134-142M (5-11% growth). Non-GAAP net loss narrowing.

## SEC filing metadata
- accession: 0000950170-24-029995
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000095017024029995/0000950170-24-029995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000095017024029995/veri-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-029995
- JSON: https://secwatch.observer/filing/0000950170-24-029995.json
- Plain text: https://secwatch.observer/filing/0000950170-24-029995.txt

## Key facts
- Earnings Releases
  Veritone, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On March 12, 2024, Veritone, Inc. (the “Company”) announced its financial results for the fourth quarter and year ended December 31, 2023. The press release issued by the Company in connection with the announcement is attached to this report as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000095017024029995/0000950170-24-029995-index.htm

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