Veritone Q3 EPS beats estimates

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Veritone Intrinsic Value – VERITONE ($NASDAQ:VERI) is a company that provides AI-based solutions. Its stock is traded on the NASDAQ. The company reported its Q3 results yesterday. Veritone’s Q3 Non-GAAP EPS of -$0. 02.

The company attributed the beat to strong growth in its media and government business segments. Veritone also announced that it has acquired Wazee Digital, a leading provider of cloud-based video management and licensing solutions. Veritone’s stock was up on the news. The company is seeing strong growth in its core business segments and is making acquisitions to further bolster its position in the market.

Earnings

Veritone‘s third quarter earnings report for the fiscal year 2022 showed total revenue of 146.4 million dollars and a net loss of 52.7 million dollars. This is a 27.0% increase in total revenue from the previous year. Over the last three years, Veritone’s total revenue has increased from 57.7 million dollars to 146.4 million dollars. Despite the net loss, Veritone’s earnings beat estimates. The company attributed the loss to investments in new products and expansion into new markets. Veritone is confident that these investments will pay off in the long run and help the company grow.

Veritone provides artificial intelligence software and services. Its platform enables customers to upload data and then use AI algorithms to analyze it. This can be used for a variety of purposes, such as identifying patterns, understanding sentiment, and extracting insights. The company has been growing rapidly and has made a number of acquisitions in the AI space. It is now one of the leading providers of AI software and services.

Price History

On Tuesday, VERITONE stock opened at $6.3 and closed at $6.0, down by 4.5% from previous closing price of 6.2. Despite the EPS beat, investors were disappointed with the company’s guidance for the fourth quarter, sending the stock lower.

VI Analysis – Veritone Intrinsic Value

The VI app makes it easy to analyze a company’s fundamentals and calculate its intrinsic value. Based on this analysis, the intrinsic value of VERITONE shares is around $23.8. The stock is currently trading at $6.0, which represents a discount of 75%.

VI 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 is a risky proposition. The company has yet to turn a profit, and its stock price is highly volatile. However, some investors believe that the company has potential and that it is worth taking a gamble on.