Slide 1: Investor Presentation
Investor Presentation March 2025 Copyright © 2025 Veritone, Inc. All rights reserved. Copyright © 2025 Veritone, Inc. All rights reserved. Trademarks are the property of their respective owners.
Slide 2: Forward-Looking Statements & Disclaimers
Forward-Looking Statements & Disclaimers This presentation of Veritone, Inc. (the “Company”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Without limiting the generality of the foregoi
Slide 3: The enterprise AI company that makes humans even better
The enterprise AI company that makes humans even better. Veritone is a leading enterprise AI software, applications and services provider with one mission – to advance the capabilities of AI to empower people to do more than they ever thought possible. Software, products & Founded in NASDAQ: Employe
Slide 4: A decade of leading the way
• Acquires Machine Box; company exceeds 300 full-time employees A decade • aiWARE applications include IDentify, Redact and Attribute • Completes registered • Acquires Performance Bridge Media direct offering of • Acquires Wazee Digital common stock and pre- • First $1M quarter for aiWARE funded war
Slide 5: The Data Problem: It all starts with data
It all starts with The Data Problem data. We’re committed to Every day, enterprises generate a advancing AI technology massive volume of data—much of it to help transform unstructured. unstructured data into actionable Vast amounts of audio, video and text Intelligence. without pre-defined models or
Slide 6: Unstructured data in, intelligence out
Unstructured data in, intelligence out. 862 Unique AI Models Used Entertainment archives • Bodycam footage • Sports broadcasts Drone footage • CCTV • News broadcasts • Courtroom recordings Radio broadcast • Podcasts • Interviews • Phone call recordings Audio books • Legal Proceedings • Air Traffic C
Slide 7: Veritone aiWARE Enterprise AI OS
Our Platform Solution Veritone aiWARE Enterprise AI OS ● AI Platform: A proprietary AI operating system that supports and offers hundreds of cognitive and generative AI models to analyze, Industry Applications Application Layer organize, and act on data in near real-time. ● Multi-Engine Flexibility:
Slide 8: Empowering a robust partner & customer ecosystem
Empowering a robust partner & customer ecosystem. Copyright © 2025 Veritone, Inc. All rights reserved. 8 Copyright © 2025 Veritone, Inc. All rights reserved. Trademarks are the property of their respective owners.
Slide 9: Problems we solve
Problems we solve Data Fragmented AI explosion solutions Organizations struggle to manage Single-purpose models fall and leverage vast amounts of short—integrating multiple unstructured data—audio, video, cognitive engines is expensive and text. and slow. High cost & complexity of Slow & inefficient
Slide 10: An Operating system for AI
An Operating system for AI …compare to a computational OS Veritone Application suite Office 365 Suite Industry Applications Industry Applications API API aiWARE Windows Copyright © 2025 Veritone, Inc. All rights reserved. 10
Slide 11: Commercial Enterprise
Our AI applications and custom-built SELECT CUSTOMERS Commercial Enterprise AI solutions unlock tremendous value for commercial enterprise. Veritone enables enterprises to leverage AI to transform workflows and unlock value across functions in many industries through both pre-built AI applications a
Slide 12: Public Sector
AI-powered solutions to help government SELECT CUSTOMERS Public Sector agencies and law enforcement to automate processes, enhance compliance, and improve operational efficiency. Veritone’s public sector offerings can greatly accelerate workflows for law enforcement, government, and public safety ag
Slide 13: Veritone's Growth Drivers
Veritone’s Growth Drivers Unlock the potential of Capitalize on data & Harness expanding existing customers integration capabilities market opportunity • Showcase expanding market • Deliver product ecosystem • Expand our offerings to meet applications of solutions across designed to drive operationa
Slide 14: Earnings Results Snapshot
Earnings Financials Results $22.4M 4Q24 Total Revenue $15.5M 4Q24 Software Products & $16.9M Cash & Cash Equivalents as of Snapshot Services Revenue 12/31/20242 KPIs Key indicators in 4Q241 3,237 $58.8M >90% 4Q24 Total Software 4Q24 Annual 4Q24 Gross Revenue Products & Services Recurring Revenue Ret
Slide 15: Recent Business Highlights
Recent Business DEC 12 Veritone Renews and Expands Exclusive Global Licensing Agreement with CBS News and Stations Highlights Announced the renewal of its longstanding exclusive global licensing agreement with CBS News. The multi-year contract renewal solidifies Veritone's position as a premier prov
Slide 16: Financial Update
Financial Update Copyright © 2025 Veritone, Inc. All rights reserved.
Slide 17: 4Q24 Financial Highlights
4Q24 Financial Highlights $ in Millions REVENUE YEAR-OVER-YEAR ANNUAL RECURRING REVENUE (ARR) $100.0 $80.1 $92.6 $72.6 $67.9 $63.3 $58.8 $27.1 $22.4 4Q23 4Q24 FY '23 FY '24 4Q23 1Q24 2Q24 3Q24 4Q24 Total Software Products & Gross Revenue Retention(1) Revenue CAGR (2017-2025E)(2) Services Customers(1
Slide 18: Quarterly Key Performance Indicators
Quarterly Key Performance Indicators Three Months Ended Three Months Ended Percent Change December 31, 2024 December 31, 2023 $ in Thousands Revenue $22,433 $27,103 (17)% Loss from Operations ($19,681) ($19,797) (1)% Net Income $31,793 $12,175 161% Non-GAAP Gross Profit1 $15,746 $20,739 (24)% Non-GA
Slide 19: Yearly Key Performance Indicators
Yearly Key Performance Indicators* Year Ended December Year Ended December Percent Change 31, 2024 31, 2023 $ in Thousands Revenue $92,637 $99,986 (7)% Annual Recurring Revenue $58,794 $80,089 (27)% Loss from Operations ($86,849) ($99,570) (13)% Net Loss ($37,384) ($58,625) (36)% Non-GAAP Gross Prof
Slide 20: Diverse Revenue Mix
Diverse Revenue Mix SaaS and consumption-based sales model provides earnings stability and flexibility to contract with companies of various sizes and preferences across industries. $ in Millions Annual Recurring Revenue (SaaS) Annual Recurring Revenue (Consumption) SaaS Revenue as % of Total ARR 20
Slide 21: Software Products & Services
Software Products & Services 4Q HIGHLIGHTS REVENUE PERFORMANCE $ in Millions • Software Products & Services Revenue of $15.5 million • Total ARR (SaaS and $19.8 $1.5 Consumption) of $58.8 million from 3,237 Total $15.2 $15.6 $15.5 Software Products & $1.1 $14.7 $1.4 $1.5 $1.6 Services Customers, inc
Slide 22: Managed Services
Managed Services 4Q HIGHLIGHTS REVENUE PERFORMANCE $ in Millions • Revenue of $6.9 million, flat year over year $7.3 $6.9 $4.5 $4.1 $2.8 $2.8 4Q23 4Q24 4Q24 YoY Change Licensing (8.9%) Representation Services 0.2% (1) Avg billings per active Managed Services customer for each quarter reflects the av
Slide 23: Balance Sheet Summary
Balance Sheet Summary Three Months Ended Three Months Ended December 31, 2024 December 31, 2023 $ in Thousands Cash and Cash Equivalents $16,911 $46,609 Current Assets $59,406 $185,8141 Total Assets $198,060 $378,8582 Current Liabilities $60,957 $191,8693 Total Liabilities $184,608 $340,7113 Stockho
Slide 24: Appendix
Appendix Copyright © 2025 Veritone, Inc. All rights reserved.
Slide 25: FY25 Outlook
FY25 Outlook Revenue and Non-GAAP Net Loss $ in Thousands FY25 E 1Q25 E Revenue $107.0M – $122.0M $23.0M – $24.0M 1 Non-GAAP Net Loss $(27.0)M – $(17.0)M $(9.5)M – $(8.5)M (1) See Appendix for reconciliation of Non-GAAP Gross Profit to Loss from Operations and Non-GAAP Net Loss to Net Loss. Copyrigh
Slide 26: Quarterly GAAP to Non-GAAP Reconciliation (Unaudited)
Quarterly GAAP to Non-GAAP Reconciliation (Unaudited) $ in Thousands 4Q23 4Q24 GAAP net income $ 12,175 $ 31,793 Net income from discontinued operations, net of income taxes (2,151) (56,051) Benefit from income taxes (375) (148) Depreciation and amortization 5,877 7,056 Stock-based compensation exp
Slide 27: Annual GAAP to Non-GAAP Reconciliation (Unaudited)
Annual GAAP to Non-GAAP Reconciliation (Unaudited) $ in Thousands FY23 FY24 GAAP net loss $ (58,625) $ (37,384) Net income from discontinued operations, net of income taxes (7,363) (58,948) Benefit from income taxes (3,048) (3,861) Depreciation and amortization 25,193 28,510 Stock-based compensatio
Slide 28: Quarterly Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit
Quarterly Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit Three Months Ended: Three Months Ended: December 31, 2024 December 31, 2023 $ in Thousands Revenues $22,433 $27,103 Cost of revenue (exclusive of depreciation and $6,688 $6,384 amortization) Depreciation and amortization related
Slide 29: Annual Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit
Annual Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit Year Ended: Year Ended: December 31, 2024 December 31, 2023 $ in Thousands Revenues $92,637 $99,986 Cost of revenue (exclusive of depreciation and $26,302 $27,765 amortization) Depreciation and amortization related to cost of revenu
Slide 30: Fourth Quarter 2024 Revenue Summary
Fourth Quarter 2024 Revenue Summary 4Q24 CHANGE $ in Thousands 4Q23 4Q24 Q/Q Y/Y Commercial Enterprise Software Products & Services $18,301 $14,123 8% (23)% Managed Services $7,283 $6,912 (5)% (5)% Subtotal $25,584 $21,035 3% (18)% Public Sector Software Products & Services $1,519 $1,399 (12)% (9)%
Slide 31: Annual 2024 Revenue Summary
Annual 2024 Revenue Summary $ in Thousands FY23 FY24 Y/Y Commercial Enterprise Software Products & Services $62,410 $55,433 (11)% Managed Services $31,585 $31,570 - Subtotal $93,995 $87,003 (7)% Public Sector Software Products & Services $5,991 $5,635 (6)% Managed Services - - - Subtotal $5,991 $5,6
Slide 32: Supplemental Financial Information
Supplemental Financial Information Our customer composition is diverse and includes various segments across our verticals, each with different purchasing trends and pricing models. In order to provide enhanced visibility into our growth composition and broad customer base, we have added ARR as a key
Slide 33: Thank you.
Thank you. Copyright © 2025 Veritone, Inc. All rights reserved.