Veritone(VERI) - 2025 Q1 - Quarterly Results

Revenue and Loss - Preliminary revenue for Q1 2025 is $22.5 million, a decrease of 7.0% from$ 24.2 million in Q1 2024[12] - Operating loss for Q1 2025 is between $21.1 million and$ 20.5 million, compared to a loss of $27.2 million in Q1 2024[12] - Net loss from continuing operations for Q1 2025 is estimated to be between$ 21.1 million and $19.9 million, compared to a loss of$ 26.2 million in Q1 2024[12] - Non-GAAP net loss from continuing operations for Q1 2025 is projected at $11.4 million, compared to$ 10.3 million in Q1 2024[16] Operating Expenses - Total operating expenses for Q1 2025 are $44.6 million, down from$ 48.6 million in Q1 2024, reflecting a reduction of 8.2%[12] - Interest expense for Q1 2025 is $2.8 million, an increase from$ 2.4 million in Q1 2024[16] Discontinued Operations - The company reported net income from discontinued operations of $1.0 million in Q1 2024, which is not applicable for Q1 2025[12] - The company completed the sale of its subsidiary Veritone One in October 2024, classifying it as discontinued operations[5] Business Strategy and Outlook - The company is focused on expanding its aiWARE SaaS business and enhancing existing products while introducing new ones[10] - Forward-looking statements indicate potential challenges including reliance on key customers and macroeconomic factors affecting business operations[10]