Veritone Inc (VERI) Quote

VERI......................................https://stockcharts.com/h-sc/ui?s=VERI&p=W&b=5&g=0&id=p86431144783

Certainly possible imo.

But would not only be horrific for the stock, would be the icing on the cake that would signify complete and utter failure of the Steelbergs. If a public offering occurs, it should accompany a dismissal of Steelbergs from the C-suite and Board imo.


After ten years, they can't attract strategic interest?

Is it possible that a stock offering is coming? Since they are putting alot of random prs out to seemingly try to boost the stock price

No mention of conversational AI
No mention of generative AI
No mention of aiWARE
No mention of Ask Veri.
No mention of AWS

Again, don't understand the Broadbean acquisition at all.

Anyway, maybe we get a continued bump in stock via rate cuts. Cat get the C-suite to execute on anything strategic.

Traders control the stock.

Today's action probably mostly short term traders that got the stock to jump on relatively benign news
.

Just goes to show if veritone would play the hype game like CS in the old days bet this stock could have hit double digits at some point this year.

Veritone is their stocks worst enemy in more ways than one. Jmo

Sellers always bring this back down at end of day. We need something big news.

Have no idea why the excitement today. At least it's another day of no appearance of a public offering. Can't see how this pr moves the stock like today.

VERI..................................https://stockcharts.com/h-sc/ui?s=VERI&p=W&b=5&g=0&id=p86431144783

Driving all day will post later

Well guess I was wrong. Amazing had it goes up on non important PRs

Or should I say speculate at next EC. Today's news should see the stock soaring and approaching valuation levels rivaling their peers. What a joke.

It's almost laughable or cry able at this point. We can talk at the next EC.

Again I don't think want to sell but waiting for something else to happen like Fed contracts or maybe total sale but think the former will happen

Interesting that this banking/bidding process has gotten zero reporting from the press.

Not saying it is big news for the world to see, but typically there is at least some reporting, like maybe from an ad-tech marketing outfit or ad-tech news site. And I would think Veritone would want to get the word out and leak it to various advertising media outlets to create more awareness.

Well a PE approached them in Aug of last year. Only started banking process 1q of this year. With supposed multiple qualified bidders something going on.

Think ultimate goal is a transaction that involves more than ad business sale. I think sale of ad business is one option that can be pursued if they can't get acceptable terms for a more comprehensive deal. As discussed, it should not take that long to sell ad business. RS says started the process in the 1st quarter. I think something happens that involves entire company. And their behavior right now does not look like short on cash. No urgency at all to sell ad business. Also, how long do these bidders want to sit around and wait.

And I also find it strange that they would disclose that they were thinking about selling the ad agency. Usually try to keep that under wraps. But going on now for over a year. IMO another misstep.

If selling can't believe tech included. Like u say intertwined. So hard to see selling at all.

Yeah, the sponsoring and expense of attending trade shows, for both M&E and HR tech shows, doesn't appear to be slowing down. The money has to be coming from somewhere.

As for Ask Veri, still only providing a link to the one Ask Veri video on Vimeo. Still nothing on website.

And at IBC pushing ad-tech. Hard to see how they sell advertising business alone, when it appears so intertwined with M&E vertical. Maybe just selling agency business without the tech. I don't know.

On another note it is interesting at least to me that they posted a new job opening for a manager for financial reporting which includes all SEC filings etc. on a contract basis. If you actually need this position filled why on a contract basis instead of permanent position. Don't know what it means but find it strange.

They certainly don't stray from their narrow uninspiring path, at least from an investor standpoint. Again and again nothing of substance. They did mention Ask Veri though. Wonder how they are paying for their presence at IBC. Maybe employees have to pay out of pocket.

So you think there might be something meaningful to that statement? Could be I guess. Something has to happen, and I guess the narrative has all been about 2nd half 2024, so will see.

She feels like getting started. In reality are they?. Better come up with something this week and something major.

No need to worry, Julie Harding says they are just getting started and the journey is just the beginning. lol

https://www.linkedin.com/feed/update/urn:li:activity:7238983720576147456/

Maybe not involved. But based on public info, Veritone supposedly updated their search capabilities with Amazon tech. Supposed go to market with AWS. Signed a SCA with Amazon. Now call AWS their preferred cloud provider.

However the article states that Amazon Q incompatible with other software, and don't think aiWARE has that problem. You're right, who knows?

But after 10 years and millions paid to CS, aiWARE not even on the radar.

Who knows if even involved

Amazon even struggling to make a chatbot that can compete with MSFT Copilot or Google.

Wonder what that says about aiWARE and Ask Veri

https://www.windowscentral.com/software-apps/leaked-employee-discussions-demonstrate-amazon-qs-lack-of-feature-parity-and-potential-loss-of-clientele-to-microsofts-copilot-aiq-is-fit-for-demos-and-very-tightly-controlled-simple-use-cases

Nasdaq up 150. Every Ai related stock up today. Oh except for Veri and it's 100 mil MC and what do we get silence. Yes silence is golden.

They are definitely in no rush or have an urgency for concern about anything. Meanwhile competitors are thriving. Again we wait for EC and their BS and pushing things off until next year. Let's see if they finally beat their ultra conservative guidance. If not puts nail in coffin.

Agree. They have been making promises and false narratives for years. They shoot from the hip and in my opinion have no real strategy or financial or business plan.

Veritone's narrative since under RS as CEO has never made sense.

RS has never given a shit about the stock price ever since he took over.

They don't even go to investor conferences anymore.

When you're trying to compete in several different verticals, as a small company with no cash, the investment makes no sense. The only way it would make some sense is if the underlying platform was more prominent. But they keep aiWARE under the radar.

Maria Moore is worthless from an investors perspective. Al Brown worthless from an investors perspective.

They could be flooding social media with posts about aiWARE capabilities.

None of this has made sense since RS took over unless there is something promising with aiWARE. Don't say anything about the strategic minority investment they are still carrying on the books at cost.

They are in no position to service multi million dollar enterprise deals with the FED unless there is some other partner(s) involved.

But here we are, over 2 months post 7M unencumbered cash, and not reached profitability, and they have no urgency to support the stock. So it doesn't look like a public offering is in the works to me, but they are providing zero reason for anyone to buy the stock.

This was supposed to be the year for "disruptive growth", and RS said 2024 was going to be an exciting year. Why?

12.30 and still can't trade over 100k shares. Veri seems to be on everyone's radar.

The only thing that would make sense to me about Veritone's actions since RS took over is
if there is something more behind the relationship with AWS.

They say scalable AI cloud infrastructure with Veritone and AWS.

They say old version of aiWARE no longer available to new AWS customers but say nothing about new version.

Veritone does nothing to announce new features/capabilities with aiWARE, when it is supposedly the backbone of all their businesses.

Still think there might be something to this AWS Strategic Collaboration Agreement that allows Veritone to realize additional revenue and cost synergies, and that could be why they don't seem to mind the fact that they had 7M unencumbered cash over two months ago.

Yeah but don't forget about the disciplined financial stewardship. lol

Oh my on the same page. That can't be good

It's funny that you posted that because I was going to post the exact same thing with the exact same wording.

Incompetence and 7 mil unencumbered cash was over 2 months ago. Got to have negative cash by now.

With absolutely nothing announced this year for Veritone Hire

For the life of me, I cannot understand what they were thinking with the Broadbean acquisition. They knew Amazon was bailing out of Pandologic. Their primary area of business was advertising and Media and Entertainment. Everything about Veritone riding on aiWARE. Instead of investing in their established business, they choose to throw much needed cash at their dying HR vertical.

That's 52M that could have been invested into M&E, Public Sector, or enhancing their platform.

Plus when they bought Broadbean, this was around the same time that they were offered over 100M for the advertising business.

If they would have kept the 52M and sold the advertising business, that's 150+ million cash on the balance sheet, and there would have been no need to rack up the 77M high interest rate term debt.

I just can't understand the Broadbean purchase unless there was some sort of strategic plan with one or more partners. But so far, nothing.

And after the Broadbean purchase, RS stated "With disciplined financial stewardship and a strategically planned approach, we are well on our way to becoming a dominant player in enterprise AI."

And now, here we are with a sub 3 dollar stock $160M debt and $7 M unencumbered cash.

And have not felt the need to announce any wins with Veritone Hire. Have not felt the need to say anything about Veritone Hire other than it's a combo of Pando and Broadbean. Don't say anything at all with respect to aiWARE integration. Only way it makes sense to me is if someone like Amazon is behind it, but at this point nothing other than wild speculation now.

Plantir going into SP 500 and Veri to Pink sheets

Agree

Some big player should see an opportunity to make an investment into Veritone. Supposedly mature cloud agnostic AI platform. Have made some headway into HR. Significant presence in M&E and advertising, and making progress in Public Sector with supposed 100M serviceable pipeline.

And now well over 2 months since 7M unencumbered cash. Fed about to lower interest rates.

A big player could structure a deal that handles the term debt, and the convertible notes could take care of themselves.

If no public offering, gotta be a deal coming soon. Need cash for ongoing development to stay competitive. Something has to happen soon here.

hope so. have also seen some MSFT people like Veritone posts.

And always seeing that guy from Adobe, and the guy from EF Hutton

RS liked a post from Msft officer of responsible Ai of new thi gs coming out soon. Hope Veri involved.

Totally agree. Can't understand alot of moves or lack of moves they make especially financially. Again I will say it incompetence .

Also with 100M market cap

RS has to live with that every day. If I were RS and after 10 years leading, still stuck in the mud, I would want to get the company into more capable hands. Would think that the Board would also feel that way. But they don't seem to mind.

RS took over and switched strategy by focusing on ecosystem instead of focusing on aiWARE platform. Yet, Veritone's ecosystem and its stock would become a lot more successful if a major player got behind aiWARE. They now have this SCA with AWS. When is AWS going to come out and publicly support aiWARE? Would make a huge difference imo.

At a 100 mil MC investor community doesn't believe anything they say.

I guess like usual we have to wait for EC for anything of substance and whether for once revenues exceed guidance.

The mystery continues.

Quiet on new aiWARE capabilities. Allude to scalable AI cloud architecture with AWS, but don't give any details. Went quiet on Ask Veri since the NAB Show in April.

Also, whenever they talk about Veritone Hire, they only describe it as combination of Pando programmatic Search and Broadbean Distribution. No details at all on aiWARE, in fact, never mention aiWARE when talking about Veritone Hire. They used to talk about conversational AI in HR tech. No more. Yet on August Investor Presentation, say "Streamline your screening process by
leveraging conversational AI to
engage and screen candidates postapply, all within your ATS"

And this Veritone engineer alludes to having actual clients for their Candidate Conversational AI chatbot.

Independently designed an API to cleanly expose and document chat data to clients of the Candidate Conversational AI chat bot using AWS API Gateway, Lambda, and OpenAPI Specification 3.1.

So why don't they mention this capability when marketing Veritone Hire?

There is a lot that they could by hyping, but they don't for some reason. The positive I guess is that they appear to have no interest in pumping the stock for whatever reason.

Especially Ai software. Has to be outside interest. Hard to say what their ultimate goal is. I always thought was an eventual sale. But that doesn't appear to be happening in my opinion.

Possibility. Just taking extremely long for this process to come to fruition.