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Monday, August 13, 2018

=Veritone (VERI) reported earnings on Mon 13 Aug 2018 (a/h)

Veritone misses by $0.13, misses on revs 
  • Reports Q2 (Jun) loss of $0.88 per share, $0.13 worse than the Capital IQ Consensus of ($0.75); revenues rose 2.4% year/year to $4.2 mln vs the $4.92 mln Capital IQ Consensus
  • SaaS licensing revenues from the Company's aiWARE operating system totaled $0.9 million, an increase of 147% compared with the prior year period. The strength in SaaS revenues was offset in part by a decrease in net revenues of 12% in the Company's media agency business, which delivered total net revenues of $3.3 million.
For the third quarter ending September 30, 2018, Veritone expects to achieve the following KPIs for its aiWARE operating system:
  • Bring AI customer count to 95, an addition of 9 customers
  • Bring AI account total to 655, an addition of 30 accounts
  • Bring third-party cognitive engines integrated with aiWARE to 234, an addition of 20 engines
  • Process 2.7 million total hours of video and audio content on aiWARE

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