Veritone (VERI) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance
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Veritone Exceeds Top- and Bottom-Line Guidance for Q1 2021, Reporting Record Revenue up 54% Year over Year
May 4, 2021 4:05 PM EDTQ1 aiWARE SaaS Solutions and Advertising Revenue up 51% and 72% year over year, respectively
Posted Record Revenue in Q1 of $18.3 Million, Up 54% Year over Year Grew Q1 aiWARE SaaS Solutions and Advertising Revenues to $4.7 Million and $10.3 Million, Respectively Increased Q1 Gross Profit 56% Year over Year to $13.5 Million GAAP Net Loss in Q1 of $30.6 Million, including $25.0 Million of Charges Related to Stock-based Compensation and a Facility Sublease Improved Q1 Non-GAAP Net Loss 41% Year over Year to $3.9 Million Improved Full Year 2021 Guidance... More