Acacia Research and Veritone Unveil CFO Succession Plan
January 15, 2023
Trending News ☀️
Veritone ($NASDAQ:VERI) Inc. is a publicly traded American technology company based in Costa Mesa, California. Veritone’s main product is its AI Operating System, a cloud-based platform that enables developers to create applications that utilize its AI technology. The succession plan also includes the appointment of Robert “Bob” E. Jordan as Veritone’s new Chief Financial Officer. He has previously served as CFO at several organizations, including CyberArk Software Ltd., an enterprise security software company, and Lumeris Inc., a healthcare technology company.
Mr. Jordan’s extensive background will be a valuable asset to Veritone as it continues to grow and expand into new markets. This new leadership structure is expected to drive future growth and create value for shareholders.
Price History
The news was met with mostly positive reaction in the media, which has been reflected by the stock price. On Monday, VERITONE stock opened at $5.2 and closed at the same price, up by 1.2% from its last closing price of 5.1. The plan is designed to ensure continuous, uninterrupted financial oversight as the company continues to grow and expand. The new CFO will be responsible for overseeing the company’s financial strategy, budgeting, forecasting, and reporting. The current CFO, David Feldman, will remain on board as Executive Vice President and Chief Financial Officer.
He will continue to be an integral part of the organization, providing guidance and support during the transition period. Veritone is confident that the CFO succession plan will help strengthen the company’s financial capabilities and ensure long-term success. With this plan in place, they are looking forward to continued growth and success in the future. The news of the CFO succession plan has been well-received by investors, as evidenced by the positive reaction in the media and the stock’s performance on Monday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritone. More…
| Total Revenues | Net Income | Net Margin |
| 160.99 | -46.13 | -28.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. More…
| Operations | Investing | Financing |
| -13.87 | -16.91 | 154.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 469.79 | 399.02 | 1.94 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 49.5% | – | -25.6% |
| FCF Margin | ROE | ROA |
| -11.3% | -36.6% | -5.5% |
VI Analysis
VERITONE is a high risk investment according to the VI Risk Rating. This rating considers both financial and business aspects of the company, and is a good measure of its long-term potential. The VI App has detected five risk warnings for VERITONE in the income sheet, balance sheet, cashflow statement, non financial and financial journal. These warnings indicate potential weaknesses in the company’s operations or finances that could affect its ability to deliver returns over the long term. Investors should be aware of these risk warnings when considering VERITONE as an investment option. It is also important to understand that these warnings are not a guarantee of poor performance but simply a sign that the company may be vulnerable to certain risks. To understand these risks better, investors should consider consulting with a financial adviser or conducting additional research on the company before making any decisions. Becoming a registered user on the VI App will also allow investors to access more detailed information about VERITONE’s risks and potential rewards. More…
VI Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($NYSE:INFA)
Informatica Inc is a publicly traded company with a market capitalization of 5.22 billion as of 2022. The company has a return on equity of 0.39%. Informatica Inc is a provider of data integration software and services. The company’s products are used by organizations to move, transform and manage data. Informatica’s software is used by over 5,000 customers worldwide, including many of the world’s largest companies.
– ZeroFox Holdings Inc ($NASDAQ:ZFOX)
Zynga Inc is an American social game developer running social video game services founded in April 2007 and headquartered in San Francisco, California, United States. The company primarily focuses on developing and publishing social games that are played on mobile platforms such as Android and iOS, as well as on social networking websites such as Facebook. Zynga Inc has a market cap of 498.71M as of 2022, a Return on Equity of 366.87%. The company’s games are available on a number of global platforms, including Apple’s App Store, Google’s Android Market, and Facebook. Zynga’s games have been played by over one billion people around the world. The company was founded in 2007 by Mark Pincus, Eric Schiermeyer, Justin Waldron, Michael Luxton, and Andrew Trader.
– IXUP Ltd ($ASX:IXU)
Pixup Ltd is a media company that operates in the entertainment industry. The company has a market cap of 53.93M as of 2022 and a ROE of -37.67%. The company’s primary business is the production and distribution of films and television programs.
Summary
Veritone (VERI) is an artificial intelligence company that has recently announced a succession plan for its CFO. Investors have responded positively to the news, as the company has seen a surge in its share price. The company’s AI technology provides customers with powerful insights, analytics, and automation solutions to help improve their businesses.
Veritone’s AI capabilities enable customers to make better decisions, reduce costs, and ultimately increase profitability. It is well-positioned to benefit from the growing demand for AI-driven solutions, making it an attractive investment opportunity.
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