NASDAQ$VERI
Veritone Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Veritone's Q4 2020 earnings beat top- and bottom-line guidance with record results, driven by significant year-over-year growth in aiWARE SaaS Solutions and Advertising revenue.
Veritone reported record Q4 revenue of $16.8 million, a 35% increase year-over-year, with aiWARE SaaS Solutions and Advertising revenues growing significantly. The company improved its GAAP net loss by 17% and non-GAAP net loss by 51% year-over-year. They also recorded Non-GAAP Net Income from Core Operations of $1.1 Million.
- aiWARE SaaS Solutions and Advertising Revenue each up over 50% Year over Year
- Record Q4 Revenue of $16.8 Million, Up 35% Year over Year
- Increased Q4 Gross Profit 43% Year over Year to $12.7 Million
- Improved Q4 GAAP Net Loss 17% Year over Year to $12.4 Million
Headline financials
Revenue & EPS history
Veritone · Revenue · Quarterly
$16.8M
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 range from $17.0 million to $17.5 million and non-GAAP net loss to range from $4.4 million to $3.9 million for the first quarter of 2021. Full year 2021 revenue is expected to be in the range of $76.0 million to $81.0 million and non-GAAP net loss is expected to be in the range of $18.0 million to $14.0 million.
Tailwinds
- Revenue is expected to range from $17.0 million to $17.5 million, representing a 45% increase year over year at the midpoint.
- Non-GAAP net loss is expected to range from $4.4 million to $3.9 million, representing a 38% improvement year over year at the midpoint.
- Revenue is expected to be in the range of $76.0 million to $81.0 million, representing a year-over-year increase of 36% at the midpoint and over 40% at the high end.
- aiWARE SaaS Solutions revenue is expected to grow 60% to 65% year over year.
- Non-GAAP net loss is expected to be in the range of $18.0 million to $14.0 million, representing a 22% improvement year over year at the midpoint.
Headwinds
- Management also expects to record a one-time, non-cash charge of approximately $16.2 million for stock-based compensation expense related to the vesting of its performance-based stock options.
- Management also expects to record a one-time charge of approximately $4.5 million associated with the sublease of its former corporate headquarters facility in Costa Mesa, California, which includes non-cash write-downs of approximately $1.9 million.
- Net loss ($31.5) to ($31.0) millions
- Lease abandonment $4.5 millions
- Non-GAAP net loss ($4.4) to ($3.9) millions
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 Q4 2020
-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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