Veritone Sees Q4 Revenue Of $33.0M-$34.5M Vs. 36.12M Estimate; Sees Q4 Non-GAAP Net Loss Of $5.5M-$6.5M
Portfolio Pulse from Benzinga Newsdesk
Veritone has projected its Q4 revenue to be between $33.0M and $34.5M, which is lower than the estimated $36.12M. The company also expects a Q4 non-GAAP net loss of $5.5M-$6.5M.
November 08, 2023 | 12:12 pm
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Veritone's lower than expected Q4 revenue forecast and projected net loss could negatively impact its stock price.
Veritone's projected Q4 revenue is lower than the estimated $36.12M, which could disappoint investors and lead to a drop in the stock price. Additionally, the company's expected non-GAAP net loss of $5.5M-$6.5M could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100