NASDAQ$VERI
Veritone Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Revenue increased significantly, driven by software products and services, and managed services.
Veritone reported a strong third quarter with a 64% increase in revenue year-over-year, driven by growth in Software Products & Services and Managed Services. The company also saw a significant increase in new bookings and software customers.
- Revenue increased 64% year-over-year to $37.2 million.
- Software Products & Services Revenue increased 131% year-over-year to $20.8 million.
- Managed Services Revenue increased 20% to $16.4 million.
- Ending Software Customers increased 43% year-over-year to 618.
Headline financials
Revenue & EPS history
Veritone · Revenue · Quarterly
$37.2M
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 $44 million to $46 million for the fourth quarter of 2022 and non-GAAP net income to be in the range of $3.0 million to $4.0 million. For the full year 2022, revenue is expected to be in the range of $150 million to $152 million and non-GAAP net loss is expected to be in the range of $14 million to $15 million.
Headwinds
- Revenue is expected to be in the range of $44 million to $46 million, as compared to $55.1 million in the fourth quarter of 2021.
- Non-GAAP net income is expected to be in the range of $3.0 million to $4.0 million, compared to $17.0 million in the fourth quarter of 2021.
- Revenue is expected to be in the range of $150 million to $152 million, as compared to $115.3 million in 2021.
- Non-GAAP net loss is expected to be in the range of $14 million to $15 million, as compared to non-GAAP net income of $6.8 million in 2021.
- These updated financial targets supersede any previously disclosed financial targets and investors should not rely on any previously disclosed financial targets.
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 Q3 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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