Veritone Announces Record Q4 and Full Year 2021 Results
- Increased Revenue 230% for Q4 and 100% for 2021 Year over Year
- Grew Software Customers to 529 in Q4, Up 47% Year over Year on a Pro Forma Basis
- Reported Positive non-GAAP Net Income, First Time for the Quarter and Full Year
- Held $255 Million Cash and Cash Equivalents at Dec. 31, 2021(1)
“Delivering record results with our first profitable quarter and full year on a non-GAAP basis in 2021, we have made significant progress serving our global customers and generating substantial growth,” said Chad Steelberg, Chairman and CEO of Veritone. “The strength of our core business has enabled us to accelerate our investments in aiWARE toward enterprise deliverables, transforming the way we deliver our AI operating system and supporting an expanding number of applications. In addition, we successfully integrated our transformative acquisition of PandoLogic, demonstrating our ability to grow inorganically.”
See the full release here
The above contains certain non-GAAP financial measures and forward-looking statements. For a reconciliation of such non-GAAP measures to the most directly comparable GAAP measures and complete details, including forward-looking statements, please see the Investor Site.