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Dec 31, 2019
Veritone Q4 2019 Earnings Report
Reported better-than-expected results in Q4 2019, with growth in aiWARE SaaS and Advertising.
Key Takeaways
Veritone reported a 14% increase in net revenues to $12.4 million for Q4 2019, driven by record revenues in aiWARE SaaS and Advertising. The business realignment implemented in November is yielding streamlined product development and improved customer engagement.
Net revenues grew 14% to $12.4 million.
aiWARE SaaS net revenues increased 22% sequentially and 18% year-over-year to a record $2.9 million.
Advertising net revenues reached a record $6.5 million.
Cash and cash equivalents totaled $44.1 million.
Forward Guidance
For the first quarter ending March 31, 2020, management expects total net revenues to be in the range of $12.5 million to $12.9 million, driven by increases in the Company’s content licensing businesses, and expects non-GAAP net loss to be in the range of $7.6 million to $7.2 million.
Positive Outlook
- Total net revenues expected to be in the range of $12.5 million to $12.9 million.
- Increase in content licensing businesses expected.
- Non-GAAP net loss expected to be in the range of $7.6 million to $7.2 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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