NASDAQ$VERI
Veritone Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Veritone's Q2 2022 financial results were reported, showing significant revenue growth and strategic investments in aiWARE.
Veritone reported a 78% year-over-year increase in revenue, reaching $34.2 million. The company also saw a 42% pro forma increase in customer count and record new bookings of $14.6 million, up 197% year-over-year. Despite the growth, Veritone experienced a GAAP net loss of $3.2 million and a non-GAAP net loss of $7.2 million.
- Revenue increased by 78% year-over-year to $34.2 million.
- Software Products & Services revenue increased by 229% year-over-year to $18.4 million.
- Managed Services revenue grew by 16% year-over-year to $15.9 million.
- Total new bookings reached a record $14.6 million, representing a 197% increase year-over-year.
Headline financials
Revenue & EPS history
Veritone · Revenue · Quarterly
$34.2M
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 $34 million to $36 million for Q3 2022, and between $150 million and $160 million for the full year 2022. The company anticipates a non-GAAP net loss in the range of $6 million to $7 million for Q3 2022, and between $10 million and $15 million for the full year 2022.
Tailwinds
- Revenue is expected to be in the range of $34 million to $36 million, as compared to $22.7 million in the third quarter of 2021.
- Revenue is expected to be in the range of $150 million to $160 million, as compared to $115.3 million in 2021.
Headwinds
- Non-GAAP net loss is expected to be in the range of $7 million to $6 million, as compared to $2.3 million in the third quarter of 2021.
- Non-GAAP net loss is expected to be in the range of $15 million to $10 million, as compared to non-GAAP net income of $6.8 million in 2021.
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 Q2 2022
-2.7%
Avg return
Earnings day
-2.6%
Avg return
5 days after
+2.3%
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% | -23.9% | |
| 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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