Veritone Stock Intrinsic Value – VERITONE Sees 5.6% Decrease in Total Revenue for Q3 2023
November 21, 2023
🌥️Earnings Overview
In the quarter ended September 30 2023, VERITONE ($NASDAQ:VERI) reported total revenue of USD 35.1 million, a 5.6% decrease compared to the same period in FY2022. Net income for the period was USD -20.9 million, a deterioration from the previous year’s net loss of -4.9 million.
Analysis – Veritone Stock Intrinsic Value
GoodWhale has conducted an analysis of VERITONE‘s financials and determined a fair value of around $18.6 per share. This value was calculated using GoodWhale’s proprietary Valuation Line algorithm. At the current market price, VERITONE stock is trading at $2.1, which reflects a tremendous 88.7% undervaluation. This is a great opportunity for investors to acquire VERITONE shares at a heavily discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritone. VERITONE_Sees_5.6_Decrease_in_Total_Revenue_for_Q3_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 137.25 | -66.09 | -60.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. VERITONE_Sees_5.6_Decrease_in_Total_Revenue_for_Q3_2023″>More…
| Operations | Investing | Financing |
| -19.74 | -54.73 | -49.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritone. VERITONE_Sees_5.6_Decrease_in_Total_Revenue_for_Q3_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 359.42 | 340.72 | 0.51 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. VERITONE_Sees_5.6_Decrease_in_Total_Revenue_for_Q3_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.0% | – | -47.5% |
| FCF Margin | ROE | ROA |
| -18.1% | -141.1% | -11.3% |
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($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
Veritone Inc. reported total revenue of USD 35.1 million for the third quarter of 2023, a 5.6% decrease year-over-year. The company reported a net loss of -20.9 million, as compared to -4.9 million in the same period last year. This negative news sparked a significant drop in stock prices. For investors looking for a long-term investment, Veritone is a risky proposition due to their recent lack of profitability.
Furthermore, the company has shown a clear decline in revenue growth, making it difficult to anticipate a turnaround any time soon. For those looking for shorter-term investments, Veritone’s volatility may provide an opportunity for quick profits, but investors should carefully evaluate the risks.
