May 13, 2021
Business News

Veritone Exceeds Top- and Bottom-Line Guidance for Q1 2021, Reporting Record Revenue up 54% Year over Year

DENVER–()–Veritone, Inc. (NASDAQ: VERI), a leading provider of artificial intelligence (AI) technology and solutions, today reported results for the first quarter ended March 31, 2021.

Veritone reported record revenue of $18.3 million for the first quarter of 2021, reflecting its fourth consecutive quarter of record contributions from aiWARE SaaS Solutions and Advertising. For the first quarter of 2021, GAAP net loss was $30.6 million, including $21.6 million in non-cash stock-based compensation expenses and $3.4 million in one-time charges related to a facility sublease. Non-GAAP net loss was $3.9 million, improving $2.8 million compared with the first quarter of 2020.

“With a tremendous start to 2021,…

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