Veritone Intrinsic Value – VERITONE Reports Record Fourth Quarter Earnings of USD 5.0 Million, up 131.7% Year-over-Year
April 2, 2023
Earnings Overview
On March 2nd 2023, VERITONE ($NASDAQ:VERI) reported their earnings results for the fourth quarter of FY2022 (ending December 31 2022). Total revenue was reported at USD 5.0 million, a substantial 131.7% increase compared to the same quarter of the previous year. However, net income was USD 43.9 million, a 20.4% decrease from the same quarter the year before.
Market Price
On Thursday, VERITONE reported record fourth quarter earnings of USD 5.0 million, an impressive 131.7% year-over-year increase. This news sent their stock price up significantly, opening at $6.3 and closing at $6.4, which was down only 1.2% from the prior closing price of $6.4. Investors seem to be bullish on VERITONE’s performance and the company is poised to enjoy continued success in the near future. The company also indicated that they were able to reduce their operating expenses, which further amplified their positive results.
With the robust fourth quarter performance, VERITONE has solidified its standing as a leader in the digital transformation solutions industry. As the demand for digital transformation solutions continues to grow, the company is well-positioned to capitalize on this trend and build on its impressive performance. 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 |
| 149.73 | -25.24 | -16.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. More…
| Operations | Investing | Financing |
| 3.74 | -12.1 | -61.93 |
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 |
| 424.75 | 344.58 | 1.95 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.5% | – | -25.4% |
| FCF Margin | ROE | ROA |
| -0.7% | -33.6% | -5.6% |
Analysis – Veritone Intrinsic Value
At GoodWhale, we have been analyzing the financial data from VERITONE. After careful analysis, our proprietary Valuation Line gave us an estimated intrinsic value of VERITONE share of around $24.2. However, right now the stock price of VERITONE is only $6.4 – That’s 73.5% below its estimated intrinsic value. This makes VERITONE a great potential buy for people who are looking for undervalued stocks. More…
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($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 reported robust fourth quarter FY2022 earnings results on March 2 2023, with total revenue at USD 5.0 million, an increase of 131.7% year-over-year. Despite a 20.4% year-over-year decrease in net income to USD 43.9 million, it still outperformed analysts’ expectations. Investors should find Veritone a promising investment opportunity, as the company has shown strong revenue growth and is continuing to make strategic investments in its technology and operations to fuel future growth.
The company is also taking measures to optimize its cost structure and improve operational efficiency, thus creating a more attractive margin profile. With these measures in place and a long-term strategy for success, Veritone is well-positioned for continued growth in the near future.
