Veritone Stock Intrinsic Value – VERITONE Reports Record Fourth Quarter Earnings for FY2022
March 14, 2023
Earnings Overview
VERITONE ($NASDAQ:VERI) reported that on December 31, 2022 total revenue for the fourth quarter of FY2022 (ending March 2, 2023) was USD 5.0 million, representing a 131.7% increase from the same period in the previous year. Despite this, net income for this period decreased by 20.4% to USD 43.9 million.
Share Price
This news sent the stock price soaring, with VERITONE stock opening at $6.3 and closing at $6.4, representing a 1.2% decrease from the previous day’s closing price of 6.4. The impressive performance of the company’s fourth quarter was driven by strong customer growth, innovative product offerings and robust customer engagement.
Additionally, the company’s efforts to expand its market reach have also paid off, resulting in increased customer acquisition and growth in revenue. This shows that the company is well-positioned to grow in the future and take advantage of any opportunities that come its way. Overall, VERITONE’s fourth quarter performance was impressive, indicating that the company is on track to continue its successful streak into the coming fiscal year. Investors should keep an eye on VERITONE as it continues to expand its operations and seek out new opportunities for growth. 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 Intrinsic Value
GoodWhale has conducted a thorough analysis of VERITONE‘s fundamental data to determine its intrinsic value. Our proprietary Valuation Line estimated that the stock is worth around $26.1 per share. However, the current market price for VERITONE stock is only $6.4, which represents a 75.5% undervaluation of the true worth. This discrepancy in the price and value of the stock is a prime opportunity for investment. More…
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($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 has had a strong fourth quarter in FY2022, with total revenue of USD 5.0 million, a 131.7% increase from the same period the year before. However, while revenue was up, the company reported a net income of USD 43.9 million, a 20.4% drop from the same period the year before. Investors should be mindful of this significant drop in net income when considering VERITONE as an investment opportunity. Furthermore, they should research the company’s financials and performance in order to gain a better understanding of possible risks and rewards associated with investing in VERITONE.
