$VERI

Steelberg Ryan (PRESIDENT AND CEO) purchased 148,810 indirectly-held shares of Veritone, Inc. (VERI) at $0.85 ($0.13M total) on 2026-08-21.

Veritone (VERI) reported Q2 2026 revenue growth, cost-cutting measures, and new AI product launches. The company is restructuring debt, aiming for breakeven profitability by 2027. Key initiatives include $11.3M in annualized savings, Oracle migration for compute savings, and partnerships driving pipeline growth. Veritone highlights expansion in AI data economy and public sector applications.

Veritone (NASDAQ:VERI) reported Q2 GAAP gross profit of $14.2M and operating loss of $22.0M, with GAAP gross margin at 58.5%. The company said its public-sector pipeline is above $200M and expects DoD funding approval in H2 2026 or H1 2027. Full-year 2026 outlook: revenue $100M-$150M and non-GAAP net loss $22M-$32M.

Veritone said in an SEC filing that it has “substantial doubt” about continuing as a going concern for at least another year, citing projected cash needs versus current liquidity and prior net losses. As of June 30 it had about $12.4M cash. Q2 revenue rose 5% to $24.3M, but was $4M below estimates; net loss narrowed to $22.2M. Shares fell 23% after hours.

Veritone, Inc. (VERI) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Veritone Reports Second Quarter 2026 Results and Provides Update on Cost Reductions – Q2 Total Revenue of $24.3 million, up 20% from Q1 2026 and 5% from Q2 2025 – – Annual Recurring Revenue (ARR) of $62.0 million, up modestly year over year – – Completed first phase

Veritone (Nasdaq: VERI) said CEO Ryan Steelberg took a voluntary 50% pay cut, from $665,000 to $332,500, in a July 14 SEC filing, citing ongoing cost reductions and business realignment. The move follows a 25% workforce cut announcement. Veritone shares traded near $1.05 on July 20. In 2025 sales were $92.2 million.

Veritone, Inc. said it joined the U.S. Department of Energy’s Genesis Mission Consortium to help unify national labs, supercomputers, and federal datasets into an AI research platform. The company will explore collaborations using its aiWARE platform to modernize DOE data infrastructure in FedRAMP-certified government cloud environments, alongside firms including Microsoft, AWS, and Scale AI.

Veritone said its CEO Ryan Steelberg took a voluntary 50% pay cut, reducing compensation from $665,000 to $332,500, citing support for ongoing cost reductions and a July 14 SEC filing about realigning its business and operating cost structure. Veritone shares fell 2.4% to $1.00, valuing the company at about $93 million on Nasdaq.

Veritone (NASDAQ:VERI) shareholders approved an increase in authorized shares at a meeting, according to voting results. CEO Steelberg said management needs authorized shares to support hiring and potential capital raises while remaining wary of further dilution. He also addressed November debt, ongoing litigation, and progress transitioning workloads to Oracle OCI, with Q2 2026 results expected in early August.

Veritone (NASDAQ:VERI) discussed AI growth across public sector, commercial data services and its Broadbean by Veritone recruiting SaaS. It said VDR processed 22.2 trillion tokens in H2 2025. Veritone also outlined an Oracle Cloud partnership, targeting potential cost savings of up to 20% or more and plans to move data payloads starting August.