Veritone Sees Q1 Revenue $30.5M-$31.5M vs $31.42M Est., Sees FY24 Revenue $134M-$142M vs $135.83M Est.
Portfolio Pulse from Benzinga Newsdesk
Veritone forecasts its Q1 revenue to be between $30.5M and $31.5M, slightly below the estimated $31.42M. For FY24, the company expects revenue to range from $134M to $142M, which is around the $135.83M estimate.
March 12, 2024 | 8:46 pm
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NEUTRAL IMPACT
Veritone's Q1 revenue projection is slightly below expectations, but its FY24 revenue forecast aligns closely with estimates.
Veritone's Q1 revenue forecast being slightly below the estimate might cause some short-term concern among investors. However, the FY24 revenue forecast being in line with expectations suggests a positive outlook for the company's growth trajectory. This mixed signal could lead to a neutral short-term impact on the stock price, as investors weigh the immediate shortfall against the longer-term expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90