Veritone, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022 and Full Year Ending December 31, 2022
March 03, 2022 at 04:05 pm EST
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Veritone, Inc. provided earnings guidance for the first quarter ending March 31, 2022, and full year ending December 31, 2022. For the first quarter 2022, the company's revenue is expected to be in the range of $32.5 million to $33.5 million, as compared to revenue of $18.3 million in the first quarter 2021. Net loss is expected to be in the range of $19.7 million to $18.7 million.
For the full year 2022, the company's revenue is expected to be in the range of $180 million to $190 million, as compared to $115.3 million in 2021. Net loss is expected to be in the range of $42.8 million to $52.8 million.
Veritone, Inc. is a provider of artificial intelligence (AI) computing solutions and services and certain advertising and licensing services. The Companyâs proprietary AI operating system, aiWARE, uses machine learning algorithms, or AI models, together with a suite of applications, to reveal valuable insights from vast amounts of structured and unstructured data. aiWARE serves as the foundation for its AI solutions and bespoke applications and offers access to hundreds of cognitive engines through one common software infrastructure. Its aiWARE platform offers capabilities that are designed to mimic human cognitive functions such as perception, prediction and problem solving, enabling users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights. The Company also offers cloud-native digital content management solutions and content licensing services, primarily to customers in the media and entertainment market.
VERITONE, INC. 
