NASDAQ$VERI
Veritone Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Veritone reported first quarter results with GAAP revenue up 88%, Pro Forma revenue up 45%, and new bookings up 292%.
Veritone's Q1 2022 results showed strong growth, with GAAP revenue up 88% and Pro Forma revenue up 45%. The company's new bookings increased by 292%, and it held $237.6 million in cash and cash equivalents.
- GAAP revenue increased 88% year over year to $34.4 million.
- Software Products & Services Revenue increased 288% year over year to $18.2 million.
- Gross profit increased 104% year over year to $27.5 million.
- Cash and cash equivalents were $237.6 million at March 31, 2022.
Headline financials
Revenue & EPS history
Veritone · Revenue · Quarterly
$34.4M
Revenue by segment
Veritone · $20.3M total across 2 segments · Q1 2026
- Software Products & Services$13.8M—68.2%
- Managed Services$6.44M—31.8%
Forward guidance
Veritone expects revenue to be in the range of $38.0 million to $39.0 million for Q2 2022, and non-GAAP net loss to be in the range of $3.5 million to $2.5 million. For the full year 2022, revenue is expected to be in the range of $180.0 million to $190.0 million, and non-GAAP net income is expected to be in the range of $10.0 million to $17.0 million.
Tailwinds
- Revenue is expected to be in the range of $38.0 million to $39.0 million for Q2 2022.
- Full year 2022 revenue is expected to be in the range of $180.0 million to $190.0 million.
- Non-GAAP net loss is expected to be in the range of $3.5 million to $2.5 million for Q2 2022.
- Full year 2022 non-GAAP net income is expected to be in the range of $10.0 million to $17.0 million.
- Veritone maintains a rapidly growing pipeline of business.
Headwinds
- The economic disruption caused by the COVID-19 pandemic and the Russian invasion of Ukraine.
- The company’s ability to achieve broad recognition and customer acceptance of its products and services.
- The company’s ability to continue to develop and add additional capabilities and features to its aiWARE operating system.
- The development of the market for cognitive analytics solutions.
- Future economic, competitive and market conditions, particularly those related to its strategic end markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-2.7%
Avg return
Earnings day
-2.6%
Avg return
5 days after
+3.0%
Avg return
30 days after
38%
14 / 37 earnings
Positive
+23.2%
Q2 2025
Best reaction
-38.5%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.0% | -3.5% | — | |
| Q4 2025 | -1.4% | -5.2% | -35.2% | |
| Q3 2025 | -10.5% | -20.8% | -18.5% | |
| Q2 2025 | +23.2% | +13.9% | +15.2% | |
| Q1 2025 | -8.7% | -11.1% | -24.6% | |
| Q4 2024 | +11.5% | +17.5% | -6.8% | |
| Q3 2024 | -15.0% | -18.2% | -35.0% | |
| Q2 2024 | +3.5% | +25.0% | +25.7% | |
| Q1 2024 | +6.9% | -9.7% | -27.5% | |
| Q4 2023 | +17.3% | +110.3% | +155.8% | |
| Q3 2023 | -33.0% | -27.5% | -19.4% | |
| Q2 2023 | -38.5% | -31.4% | -29.9% | |
| Q1 2023 | -13.9% | -15.7% | -33.9% | |
| Q4 2022 | +15.5% | +6.4% | -9.5% | |
| Q3 2022 | -13.9% | +10.6% | +21.0% | |
| Q2 2022 | -16.9% | -22.9% | -29.6% | |
| Q1 2022 | -1.6% | -17.9% | -27.8% | |
| Q4 2021 | -3.5% | -6.8% | +9.0% | |
| Q3 2021 | -1.1% | +5.8% | -27.2% | |
| Q2 2021 | -1.6% | +4.1% | +2.1% | |
| Q1 2021 | -12.2% | -10.5% | -18.7% | |
| Q4 2020 | -9.0% | -16.7% | -32.8% | |
| Q3 2020 | +6.5% | +22.3% | +185.5% | |
| Q2 2020 | -7.1% | -16.8% | -40.0% | |
| Q1 2020 | +20.4% | +16.7% | +121.2% | |
| Q4 2019 | +1.7% | -19.7% | -25.4% | |
| Q3 2019 | +0.0% | -2.3% | +11.3% | |
| Q2 2019 | -22.8% | -25.5% | -35.4% | |
| Q1 2019 | +17.0% | +12.9% | +40.8% | |
| Q4 2018 | +6.2% | +30.2% | +26.4% | |
| Q3 2018 | -3.6% | -24.9% | -19.5% | |
| Q2 2018 | -16.2% | -22.5% | -30.8% | |
| Q1 2018 | +9.3% | +7.8% | +1.7% | |
| Q4 2017 | -7.2% | -13.4% | -10.8% | |
| Q3 2017 | -16.3% | -36.0% | -37.9% | |
| Q2 2017 | -2.1% | -9.8% | +86.6% | |
| Q1 2017 | +12.4% | +10.3% | -16.3% | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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