Veritone Expects FY23 $126.4M-$128.0M Vs. $130.2M Estimate (Prior View: $128M-$135M); Sees Non-GAAP Net Loss Of $36.M-$37M ($28M-$33M )
Portfolio Pulse from Benzinga Newsdesk
Veritone has revised its FY23 revenue forecast to $126.4M-$128.0M, down from the previous estimate of $128M-$135M. The company also expects a non-GAAP net loss of $36M-$37M, higher than the previous range of $28M-$33M.
November 08, 2023 | 12:16 pm
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Veritone's revised FY23 revenue forecast and expected higher non-GAAP net loss could negatively impact its stock price in the short term.
Veritone's downward revision of its FY23 revenue forecast and higher expected non-GAAP net loss indicates potential financial challenges, which could negatively impact investor sentiment and lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100