Third Quarter Financial Results
11.10.21 —

Veritone Beats Top and Bottom Line Guidance with Record Q3 Results, Raises Guidance for Fiscal 2021

Q3 Software Product & Services Revenue Up 169% Year over Year

  • Generated Record Revenue of $22.7 Million, Up 44% Year over Year
  • Grew Software Products & Services Revenue to $9.0 Million, Up 169% Year over Year
  • Increased Gross Profit to $16.8 Million, Up 50% Year over Year
  • Reported GAAP Net Loss of $11.4 Million, Compared to $11.0 Million in Q3 2020
  • Posted Non-GAAP Net Loss of $2.3 Million, a 46% Improvement Year over Year
  • Raised Full Year 2021 Guidance, Increasing Revenue Midpoint to $104.3 Million and Improving Non-GAAP Net Loss Midpoint to $0.8 Million
  • Closed and Integrated the Acquisition of PandoLogic Ltd., an AI-Enabled Recruitment Platform Company

 

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.