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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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