Veritone, Inc. (VERI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1615 PLATTE STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62,674139,707184,423196,071220,463237,553
Cash and cash equivalents62,674139,707184,423196,071220,463237,553
Receivables69,88767,10678,340109,73668,10986,668
Prepaid expense      
Other current assets      
Other undisclosed current assets19,86113,58515,24216,96314,36512,519
Total current assets:152,422220,398278,005322,770302,937336,740
Noncurrent Assets
Property, plant and equipment11,3976,3945,2914,6363,4002,137
Intangible assets, net (including goodwill)175,221121,015126,162131,660135,157136,467
Goodwill78,35546,46046,49846,46545,78744,600
Intangible assets, net (excluding goodwill)96,86674,55579,66485,19589,37091,867
Restricted cash and investments865862859857856856
Other noncurrent assets16,01713,90114,4359,8689,6036,078
Total noncurrent assets:203,500142,172146,747147,021149,016145,538
TOTAL ASSETS:355,922362,570424,752469,791451,953482,278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,95666,13864,15057,27255,17661,338
Accounts payable30,82138,01536,73831,43730,21338,345
Accrued liabilities36,13528,12327,41225,83524,96322,993
Deferred revenue26,9123,41219,04213,69611,9777,968
Business combination, contingent consideration, liability 1908,0677,14721,680134
Other undisclosed current liabilities67,47282,407102,064107,69381,56996,327
Total current liabilities:161,340152,147193,323185,808170,402165,767
Noncurrent Liabilities
Long-term debt and lease obligation138,199137,982137,767195,984195,681195,381
Long-term debt, excluding current maturities138,199137,982137,767195,984195,681195,381
Liabilities, other than long-term debt17,33011,72113,81117,22615,64952,897
Other liabilities17,33011,72113,81116,68015,34417,216
Business combination, contingent consideration, liability   54630535,681
Total noncurrent liabilities:155,529149,703151,578213,210211,330248,278
Total liabilities:316,869301,850344,901399,018381,732414,045
Equity
Equity, attributable to parent39,05360,72079,85170,77370,22168,233
Common stock373736363636
Additional paid in capital458,385455,759451,162446,181440,809435,954
Accumulated other comprehensive income (loss)(1,839)(842)(76)53847286
Accumulated deficit(417,530)(394,234)(371,271)(375,982)(371,096)(367,843)
Total equity:39,05360,72079,85170,77370,22168,233
TOTAL LIABILITIES AND EQUITY:355,922362,570424,752469,791451,953482,278

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues27,96730,26343,89037,19634,23534,407
Cost of revenue(7,765)(6,809)(6,707)(7,097)(6,705)(6,923)
Gross profit:20,20223,45437,18330,09927,53027,484
Operating expenses(48,382)(47,043)(47,134)(33,710)(31,159)(48,289)
Operating loss:(28,180)(23,589)(9,951)(3,611)(3,629)(20,805)
Nonoperating income (expense)3,51035518,413(1,249)(1,231)(1,186)
Investment income, nonoperating1,6581,16050856(48)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes   19,097   
Income (loss) from continuing operations before equity method investments, income taxes:(24,670)(23,234)27,559(4,860)(4,860)(21,991)
Other undisclosed loss from continuing operations before income taxes   (19,097)   
Income (loss) from continuing operations before income taxes:(24,670)(23,234)8,462(4,860)(4,860)(21,991)
Income tax expense (benefit)1,374271(3,751)(26)1,607(138)
Income (loss) from continuing operations:(23,296)(22,963)4,711(4,886)(3,253)(22,129)
Loss before gain (loss) on sale of properties:(4,886)(3,253)(22,129)
Net income (loss) available to common stockholders, diluted:(23,296)(22,963)4,711(4,886)(3,253)(22,129)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(23,296)(22,963)4,711(4,886)(3,253)(22,129)
Other comprehensive income (loss)(997)(766)    
Other undisclosed comprehensive income   28   
Comprehensive income (loss):(24,293)(23,729)4,739(4,886)(3,253)(22,129)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (642)66386190
Comprehensive income (loss), net of tax, attributable to parent:(24,293)(23,729)4,097(4,820)(2,867)(21,939)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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