Veritone Stock Fair Value Calculator – VERITONE Reports USD 35.1 Million in Revenue for Third Quarter of FY2023, Down 5.6% Year-on-Year
December 18, 2023
🌥️Earnings Overview
On November 8 2023, VERITONE ($NASDAQ:VERI) reported total revenue of USD 35.1 million for the third quarter of FY2023 ending September 30 2023, which was 5.6% lower than the same period the year before. Net income was reported at USD -20.9 million in comparison to -4.9 million in the prior year.
Analysis – Veritone Stock Fair Value Calculator
GoodWhale, a financial analysis firm, recently conducted an examination of VERITONE‘s financials. After their analysis, they determined that the fair value of VERITONE’s share is around $18.6. This value was calculated by GoodWhale’s proprietary Valuation Line tool. This tool takes into account various aspects such as the company’s revenue growth, profitability, future prospects and other important factors. However, the current market price of VERITONE’s shares is only $2.1, which represents a dramatic undervaluation of 88.7%. As a result, it may be an opportune time to purchase VERITONE’s stock at a discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritone. More…
| Total Revenues | Net Income | Net Margin |
| 137.25 | -66.09 | -60.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. More…
| Operations | Investing | Financing |
| -19.74 | -54.73 | -49.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 359.42 | 340.72 | 0.51 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.0% | – | -47.5% |
| FCF Margin | ROE | ROA |
| -18.1% | -141.1% | -11.3% |
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($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
Investing in VERITONE has become a more risky proposition since the company reported its third quarter results for FY2023, ending September 30 2023. Total revenue was USD 35.1 million, a 5.6% decrease from the same period last year, while net income stood at USD -20.9 million, much worse than the -4.9 million reported for the prior year. On the news, the stock price dropped, making it a potentially unattractive option for investors. Investors should proceed with caution when considering VERITONE as an investment.
