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VERI News
VERI Events
Veritone Reports Q2 Revenue of $24.3M, Below Consensus
Reports Q2 revenue $24.3M, consensus $28.3M. "During the second quarter, we executed decisively against our strategic priorities, completing the first phase of our restructuring and cost initiatives while continuing to build strong momentum across our highest-growth opportunities," said Ryan Steelberg, President and Chief Executive Officer of Veritone. "We are converting VDR opportunities into large commercial deployments and expanding our public sector footprint while meaningfully lowering our operating cost structure and continuing to invest in our highest-growth opportunities. With additional cost reduction actions planned through year-end and into 2027, and a strong pipeline ahead, we believe Veritone is strongly positioned to achieve operating profitability as early as the first half of 2027."
Company Plans Additional Cost Reductions of $3.5M to $8.5M by Year-End 2026
The company states it is "targeting additional cost reductions of $3.5 million to $8.5 million by year-end 2026, representing total annualized Operating Expense reductions of approximately 15% to 20%, with further reductions planned for 2027."
Veritone Sees FY26 Revenue of $100M-$115M
Veritone sees FY26 revenue $100M- $115M, consensus $135.0M
Veritone Partners with ZeroEyes to Deliver Public Safety Solution
Veritone and ZeroEyes have officially partnered to deliver a differentiated public safety offering. "Our partnership with ZeroEyes represents a critical step forward in how organizations can leverage artificial intelligence to protect their communities and assets," said CEO Ryan Steelberg of Veritone. "By pairing ZeroEyes' real-time, proactive alerts with Veritone's advanced post-event analysis, we're equipping security and law enforcement professionals with the actionable intelligence to help manage every stage of an incident."
Veritone Partners with MCCi to Integrate JustFOIA
Veritone announced that Veritone Redact is integrating with MCCi's JustFOIA solution as the redaction software of choice. This new partnership aims to help state, local, and education government agencies streamline their records request processes and support compliance without the chaos.
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