Veritone Stock Fair Value Calculator – VERITONE Reports Impressive Earnings Results for FY2022 Q4 on December 31, 2022.
March 10, 2023
Earnings Overview
VERITONE ($NASDAQ:VERI) announced that on December 31, 2022, its earnings results for the fourth quarter of fiscal year 2022 had total revenue of USD 5.0 million, a 131.7% increase from the same period in the prior year, while net income was USD 43.9 million, a 20.4% decrease.
Price History
On Thursday, December 31st 2022, VERITONE reported impressive earnings results for their FY2022 Q4. The stock opened at $6.3 and closed at $6.4, a slight decrease of 1.2% from its last closing price of $6.4. The impressive financial performance was due to the steady growth in revenue that VERITONE experienced throughout the year, especially in the fourth quarter. The company was able to maintain a strong balance sheet and secure new investments, allowing them to deliver strong results to shareholders.
The impressive earnings were bolstered by an increase in operational efficiency and cost reduction initiatives implemented by VERITONE throughout the year. They were also able to capitalize on certain opportunities in the market, leading to increased revenue and better margins. Overall, VERITONE’s impressive earnings results for its FY2022 Q4 are a testament to the strength of the company’s operations and its ability to capitalize on opportunities in the market. 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 Stock Fair Value Calculator
GoodWhale’s proprietary Valuation Line has calculated VERITONE‘s fair value per share to be around $26.2. However, at the moment, VERITONE’s stock is being traded at $6.4 – this constitutes a significant undervaluation of the company of 75.6%. GoodWhale has conducted an analysis which shows that VERITONE is currently in a healthy state and is well-positioned for success in the future. Therefore, we believe that there is a great opportunity to invest in VERITONE and reap the rewards. More…
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($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 strong financial results for FY2022 Q4, with total revenue increasing 131.7% to USD 5.0 million. However, net income was down 20.4%, totalling USD 43.9 million. Investors should take note of the significant revenue growth, but should also assess the decline in net income to decide if VERITONE remains a viable option within their portfolio. Analysts should consider further research into the company’s performance and any potential risks when deciding whether to invest in VERITONE.
