aiWARE :
The Leading Enterprise AI Platform
June 2022
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
NASDAQ: VERI
Forward Looking Statements & Disclaimers
This presentation of Veritone, Inc. (the "Company") contains forward-looking statements that involve substantial risks and uncertainties. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "would," "could," "should," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward- looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. The forward-looking statements contained in this presentation reflect our current views with respect to future events.
Forward-looking statements represent our management's beliefs and assumptions only as of the date of this presentation. We have included important factors in the cautionary statements included in the Annual Report on Form 10-K and other periodic reports that we have filed with the Securities and Exchange Commission (the "SEC"), particularly in the Risk Factors sections, that we believe could cause actual results or events to differ materially from the forward-looking statements that we make. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.
Before you invest, you should read the Company's Annual Report on Form 10-K and the other documents the Company has filed with the SEC for more complete information about the Company. You may obtain these documents for free on the Company's website or by visiting EDGAR on the SEC website at www.sec.gov.
In addition to the Company's GAAP financial results, this presentation also includes certain non-GAAP financial measures. Tables detailing the items excluded from these non-GAAP financial measures and reconciling such non-GAAP financial measures with the most directly comparable GAAP financial measures are included in the Appendix.
The Company has provided these non-GAAP financial measures because management believes such information to be important supplemental measures of performance that are commonly used by securities analysts, investors and other interested parties in the evaluation of companies in its industry. Management also uses this information internally for forecasting and budgeting.
These non-GAAP financial measures should not be considered as an alternative to net income (loss), operating income (loss) or any other financial measures so calculated and presented, nor as an alternative to cash flow from operating activities as a measure of liquidity. Other companies (including the Company's competitors) may define these non-GAAP measures differently. These non-GAAP measures may not be indicative of the historical operating results of the Company or predictive of potential future results. Investors should not consider these non-GAAP financial measures in isolation or as a substitute for analysis of the Company's results reported in accordance with GAAP.
This presentation also contains information using industry publications that generally state that the information contained therein has been obtained from sources believed to be reliable, but such information may not be accurate or complete. While we are not aware of any misstatements regarding the information from these industry publications, we have not independently verified any of the data from third-party sources nor have we ascertained the underlying economic assumptions relied on therein.
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
NASDAQ: VERI | 2 |
Veritone - A Leader in Enterprise AI
Veritone is a leader in enterprise AI software, services, and applications, helping companies transform their operations and solve the complexities of digital information today. With our AI solutions and rich partner ecosystem, our customers can address their current and future challenges, empowering them to run more efficiently, accelerate decision making, and gain a competitive edge.
PARTNERS | CUSTOMERS |
Processing ~100,000 hours
Every Day...
Founded in
2014
NASDAQ:
VERI
35
Issued U.S. & Foreign Patents +
93 Pending Applications
650+
Employees
559+
SaaS customers including major media &
entertainment names
100+
Partners including Amazon, Google, Microsoft,
Oracle, Snowflake
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
NASDAQ:AQ:VERIVERI 3
Veritone at a Glance
Overview
• Veritone's operating system for artificial intelligence, aiWARETM, |
orchestrates a diverse ecosystem of machine learning models to |
transform audio, video, text, and other unstructured data sources into |
actionable intelligence |
• Multi-faceted aiWARETM platform capable of listening, watching, |
analyzing, and optimizing the world's information and infrastructure |
24/7/365 |
• Cognition behind aiWARETM is being used extensively across major |
Commercial Enterprises and Government & Regulated Industries |
customers today, driving down the cost, complexity and time to |
develop, deploy and distribute cognitively enabled applications across |
any cloud or on-premise infrastructure |
Q1 2022 Key Indicators Seeing Momentum
Financials | $34.4M | Q1 2022 | Q1 2022 |
+288% | $169M | ||
+88% YOY growth | YOY Revenue Growth | ~$100M Y/Y improvement | |
Q1 2022 Revenue | Software Product & Services | Unencumbered Cash | |
559 | $9.6M | >90% | |
KPIs | |||
+45% YOY | +292% YOY | ||
ProForma Growth | Pro Forma Growth | Gross Retention | |
Software Customers | New Bookings | ||
• Industry-leading partners and customers |
5 - Year Revenue Performance(1)
($ in Millions)
140
120
100
80
60
40
20
0
2017 | 2018 | 2019 | 2020 | 2021 |
Note: USD in millions.
- Financial estimates include contribution from PandoLogic starting in 9/14/2021.
Quarterly Revenue Growth(1)
($ in Millions)
60
50
40
30
20
10
0
Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 |
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
NASDAQ: VERI | 4 |
Recent Business Momentum and Key Wins
05.2022
Globo Selects Veritone to Provide Automated Search & Discovery for Sports Content
Veritone partners with Google Cloud to provide automated search and discovery for +2800 hours of annual sports content for Brazilian broadcast giant.
05.2022
Veritone Avatar Wins 2022
NAB Product of the Year
Award
The third NAB Product of the Year Award win for Veritone.
04.2022
Launches Veriverse
A portfolio of integrated AI solutions for content owners and individuals leveraging the metaverse, NFTs & Blockchain.
04.2022
Marubeni to implement Veritone's iDERMS Forecasting Solution in California
To provide price, demand and generation forecasts at their pilot project in the California Independent System Operator (CAISO) SP-15 region.
02.2022
Selected by the Department of Defense
Selected by the Department of Defense to participate in a $249 million Blanket Purchase Agreement (BPA) to accelerate AI capabilities of Joint Artificial Intelligence Center (JAIC).
10.2021
Multi-Cloud FedRAMP
Authorization To Operate
Across Entire DOJ
Expands from EOUSA to all 59 DOJ Agencies Now Supports Microsoft Azure Government Cloud.
02.2022
Partnered with iHeart Media
To utilize Veritone's synthetic voice technology, Veritone Voice, to translate and produce podcasts for new markets.
02.2022
Launched AI-driven Intelligent
Distributed Energy Resource
Management Solution (iDERMS)
To enhance reliability, maximize DER investments and meet decarbonization targets.
Copyright © 2022 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners.
NASDAQ: VERI | 5 |
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Veritone Inc. published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 20:31:02 UTC.