Veritone, Inc.

Veritone, Inc. announced that its stockholders approved several key proposals at the Annual Meeting held on July 7, 2026. These approvals include an amendment to increase the number of authorized shares of Common Stock from 150,000,000 to 225,000,000, and an amendment to the 2023 Equity Incentive Plan to authorize an additional 3,000,000 shares for issuance. Stockholders also re-elected two directors, ratified the independent auditor, and approved executive compensation and RSU awards for the CEO.

Veritone, Inc. announced a restructuring plan on June 1, 2026, initiating a workforce reduction on June 10, 2026, and cutting third-party operating costs. These actions aim to reduce operating expenses by up to 30% and will impact at least 25% of the company's workforce. The company expects to achieve an annualized reduction of up to 30% in operating expenses by Q3 2026, though specific costs associated with the plan are not yet estimable.

Veritone, Inc. announced its 2026 Annual Meeting of Stockholders to be held virtually on July 7, 2026. Stockholders will vote on several key proposals, including the election of two Class III directors, the ratification of CBIZ CPAs P.C. as the independent auditor, and an advisory vote on executive compensation. Significant corporate actions proposed include increasing the number of authorized common stock from 150,000,000 to 225,000,000 shares, approving a second amendment to the 2023 Equity Incentive Plan, and approving CEO Strategic Awards.

Veritone, Inc. entered into a sales agreement with UBS Securities LLC, Needham & Company, LLC, and Craig-Hallum Capital Group LLC to offer and sell up to $50.0 million of its common stock through an "at-the-market" equity offering. The sales will be made under the company's effective Form S-3 registration statement and a related prospectus supplement. Sales agents will receive up to 3.0% of the gross sales price, and the company is not obligated to sell any shares.

Veritone, Inc. reported a net loss of $19.51 million for Q1 2026, a slight improvement from $19.88 million in Q1 2025, while revenue decreased by 9.8% to $20.26 million. The company disclosed substantial doubt about its ability to continue as a going concern, primarily due to a working capital deficit of $45.81 million and the upcoming maturity of $45.58 million in Convertible Notes in November 2026. Management is actively seeking alternative financing to address these liquidity challenges.

Veritone, Inc. announced its first quarter 2026 financial results, reporting total revenue of $20.3 million, a 9.8% decrease year over year, and a net loss of $19.5 million, which improved by 1.8% from Q1 2025. Despite the revenue decline, Annual Recurring Revenue (ARR) grew 9.4% to $64.2 million, driven by a 69% increase in Public Sector Revenue and 50% growth in consumption-based ARR. The company highlighted significant progress in its Veritone Data Refinery (VDR) with a pipeline exceeding $68.0 million, new contracts with Google and NVIDIA, and a strategic agreement with Oracle, while also reaffirming its full-year 2026 revenue guidance of $130 million to $145 million and announcing a 30% operating expense reduction initiative aimed at achieving operating profitability by Q4 2026.

Veritone, Inc. filed an amendment to its 2025 Form 10-K to include information previously omitted from Part III, covering corporate governance, executive compensation, security ownership, related transactions, and principal accountant fees. The amendment also includes new certifications from the principal executive and financial officers. Key updates detail the Board's composition, director independence, committee structures, and non-employee director compensation, alongside disclosure of late Section 16(a) filings for two directors.

Veritone, Inc. filed an amendment to its 2025 Form 10-K to update information not included in the original filing. This amendment specifically addresses Part III items, including Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership, Related Transactions, and Principal Accountant Fees, along with new certifications. The company details its board composition, committee structures, and non-employee director compensation.

Veritone, Inc. dismissed Grant Thornton LLP as its independent registered public accounting firm, effective April 23, 2026, and engaged CBIZ CPAs P.C. as the new auditor. Grant Thornton's previous audit reports included explanatory paragraphs regarding substantial doubt about the company's ability to continue as a going concern and noted material weaknesses in internal control over financial reporting. The company reported no disagreements with Grant Thornton on accounting matters.

Veritone, Inc. has filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The filing indicates that the company is not a well-known seasoned issuer and is classified as a non-accelerated filer and a smaller reporting company. As of June 30, 2025, the aggregate market value of its voting and non-voting common equity held by non-affiliates was $55.1 million.