Veritone Sees Up to $10m Annualized Savings from Cost Cuts

Veritone expects to generate annualized savings of up to $10m from cost cutting and restructuring initiatives to improve its finances after the completion of previously announced strategic transactions.

• Company reiterated and maintained 2Q and FY 2025 guidance
  • Sees 2Q revenue $23.5 million to $24 million
  • Sees 2Q adjusted net loss $8 million to $8.5 million
  • Sees FY revenue $104 million to $115 million
  • Sees FY adjusted net loss $20 million to $30 million
• Over $7.5 million in savings executed in June 2025
• Moves provide clearer pathway to profitability as early as 2H 2026
• Company sees incurring costs and expenses of ...