VERI - What's Going On With Veritone Stock? | Benzinga
Veritone, Inc. (NASDAQ:VERI) shares are trading higher Thursday. The company reported better-than-expected fourth-quarter revenue results and issued guidance earlier in the week.
The Details:
On Tuesday, the company reported quarterly losses of 16 cents per share and quarterly sales of $34.197 million which beat the analyst consensus estimate of $33.795 million.
“I am pleased with our performance in the fourth quarter, and extremely excited about our prospects for 2024. For the balance of the past year, we executed and progressed against the strategic initiatives we set in motion at the beginning of 2023, continuing through the first quarter of 2024, which have resulted in a series of transformative actions, including the execution of significant cost reductions and the realignment of our organization," said Ryan Steelberg, CEO of Veritone.
Veritone issued guidance for first-quarter revenue in a range of $30.5 million to $31.5 million, versus the $31.42 million estimate.
The company sees fiscal year 2024 revenue ...