Earnings Call Summary | Veritone(VERI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Veritone(VERI.US) Q1 2024 Earnings Conference
The following is a summary of the Veritone, Inc. (VERI) Q1 2024 Earnings Call Transcript:
以下是Veritone, Inc.（VERI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Veritone reported Q1 2024 revenue of $31.6 million, up 4.5% from Q1 2023.
The company's non-GAAP net loss improved by more than 20% to $7.6 million, outperforming its high-end guidance.
Subscription-based Annual Recurring Revenue improved, generating $48.6 million out of the total ARR of $72.1 million.
The company held cash and restricted cash of $91.7 million at the end of March, up from $80.3 million at the end of December 2023.
Q2 revenue guidance has been set between $31 million and $32 million, indicating a 13% improvement year-over-year.
For full year 2024, the company increased the base end of revenue guidance to between $136 million and $142 million, representing a 9% year-over-year increase.
Veritone 報告稱，2024 年第一季度收入爲 3160 萬美元，比 2023 年第一季度增長 4.5%。
該公司的非公認會計准則淨虧損增長了20％以上，達到760萬美元，超過了其高端預期。
基於訂閱的年度經常性收入有所改善，在7,210萬美元的總年收益中產生了4,860萬美元。
截至3月底，該公司持有的現金和限制性現金爲9,170萬美元，高於2023年12月底的8,030萬美元。
第二季度收入預期設定在3,100萬美元至3200萬美元之間，同比增長13％。
2024年全年，該公司將收入預期基準提高至1.36億美元至1.42億美元之間，同比增長9％。
Business Progress:
業務進展：
Veritone launched its integrated AI consulting and services group, with a positive outlook for revenue growth from this new offering by 2024.
Veritone Hire saw a near 10% increase in subscription-based ARR in Q1, showcasing the results of the Broadbean acquisition.
The company made significant operational strides, securing several new business wins, executing 14 renewal deals in Q1, welcoming 19 new customers in the public sector and launching new AI solutions.
The company aims to reach non-GAAP profitability as early as Q4 2024, showing substantial progress towards profitability.
The company is scheduled to present at notable investor conferences including the 19th Annual Needham Technology, Media, & Consumer Conference and the EF Hutton Annual Global Conference in May 2024.
Veritone成立了綜合人工智能諮詢和服務組，到2024年，這項新產品的收入增長前景樂觀。
Veritone Hire在第一季度看到基於訂閱的ARR增長了近10％，這顯示了收購Broadbean的結果。
該公司在運營方面取得了長足的進步，贏得了多項新業務，在第一季度執行了14項續訂協議，迎來了公共部門的19個新客戶，並推出了新的AI解決方案。
該公司的目標是最早在2024年第四季度實現非公認會計准則盈利能力，在盈利方面取得實質性進展。
該公司計劃在重要的投資者會議上發表演講，包括2024年5月的第19屆Needham科技、媒體和消費者年度會議和EF Hutton年度全球會議。
More details: Veritone IR
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譯文內容由第三人軟體翻譯。