secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124620
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritone Q3 revenue down 21% to $22M; divests media agency for up to $104M; guides FY2025 growth up to 30%
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- Q3 total revenue $22.0M (-21% YoY); Software & Services $14.7M (-28%), Managed Services $7.3M.
- Net loss from continuing ops $22.5M vs $26.7M YoY; Non-GAAP net loss $7.1M flat.
- Divested Veritone One on Oct 17 for up to $104M ($59.1M cash at close); proceeds paid down $30.5M term debt.
- ARR $63.3M down 29% YoY due to Amazon consumption decline; new bookings $16.5M up 17% sequentially.
- FY2025 outlook: up to 30% revenue growth, >45% improvement in Non-GAAP Net Loss vs FY2024 guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017024124620/0000950170-24-124620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017024124620/veri-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124620

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