Veritone, Inc. · NASDAQ:VERI
Veritone — Investor Presentation (November 2021)
23 slides from Veritone's investor presentation, November 2021
Slide 1: The Leading Enterprise AI Platform
aiWARE : TM The Leading Enterprise AI Platform Investor Presentation | November 2021 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their respective owners. Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the proper
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers This presentation of Veritone Inc. (the “Company”) contains forward-looking statements that involve substantial risks and uncertainties. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potenti
Slide 3: Veritone is a leading enterprise AI software and services provider
Veritone is a leading enterprise AI software and services provider that activates the digital transformation of organizations. Our mission is to simply create a better world. One that is safe, dynamic, transparent, and innovative. The proven AI platform, aiWARE, the first proprietary operating syste
Slide 4: Veritone at a Glance
Veritone at a Glance Overview Key Indicators Seeing Momentum • Veritone’s operating system for artificial intelligence, aiWARETM, orchestrates a diverse ecosystem of machine learning models to Financials transform audio, video, text, and other unstructured data sources $22.7M +169% 46% into actionab
Slide 5: Recent Events
Recent Events Veritone Closes Mythical Entertainment to Agreement with Recur New Exclusive International Acquisition of PandoLogic Develop Synthetic Voices to create NFTs using Pac- Licensing Agreement with with MARVEL.ai 12 Networks Content CBS News Expanding AI Platform for Intelligent Recruitment
Slide 6: Software & Investment Thesis
Software & Investment Thesis Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 6
Slide 7: Enterprise AI Unlocks Unstructured Data
Enterprise AI Unlocks Unstructured Data $100B TAM by 2025 | 35% CAGR* * Source: Omdia Artificial Intelligence Software Market Forecast, June 29, 2020 ** Source: Gartner 2020 Strategic Roadmap for Storage, July 1, 2020 Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are
Slide 8: Investment Highlights
Investment Highlights Unique operating system for Flexible platform that is extensible to Blue-chip customer base and Artificial Intelligence (AI) and driving many systems and applications in the large industry-leading partners Enterprise AI transformation and growing Enterprise AI software market,
Slide 9: The Veritone aiWARE Platform
The Veritone aiWARE Platform Transform audio, video, text, and other data sources into actionable intelligence 3rd Party & Veritone Application Suite Custom API FAST TO MARKET “OS for AI” ecosystem of hundreds of best-of- breed, ready-to-deploy Application Layer Application Development AI engines FU
Slide 10: Veritone Timeline
Veritone Timeline Launched aiWARE 3.0 (Dynamic scaling enabling versatile deployment) Launched aiWARE 2.0 (real-time processing) • 3.0 Vastly improved stability, efficiency, performance • 2.0 enables expansion of market • Announced support for opportunities beyond Media NVIDIA CUDA & EGX • Acquired
Slide 11: Enterprise Customer Focused Alignment
Enterprise Customer Focused Alignment ENTERPRISE AI $100B TAM by 2025 | 35% CAGR* COMMERCIAL ENTERPRISE GOVERNMENT & REGULATED INDUSTRIES SOLUTIONS SERVICES ENERGY GOVERNMENT, LEGAL & COMPLIANCE Solutions Services Solutions Services Broadcast Tracking & Performance Veritone One Real-Time Forecasting
Slide 12: Commercial Enterprise Solutions
Commercial Enterprise Solutions Built to Solve Your Business Challenges SELECTED CUSTOMERS Veritone is helping some of the world’s most recognizable brands accelerate the gap between traditional enterprise software and cognitive insights enabled by AI solutions and bespoke applications, empowering g
Slide 13: Government Solutions
Government Solutions Government Veritone works with some of the largest federal, state, and local agencies, solving CUSTOMERS problems of transparency, compliance, and efficiency with AI solutions and bespoke applications. Data Insight Redaction Gain value from your video, audio, images, Save time a
Slide 14: Regulated Industry Solutions
Regulated Industry Solutions Energy Veritone is empowering energy companies with the technology to prepare for PARTNERS changing business models and help the world obtain more efficient energy systems and infrastructure. Real-time Forecasting Distributed Energy Resources AI-powered Forecaster genera
Slide 15: Leadership Team
Leadership Team CHAD STEELBERG RYAN STEELBERG MIKE ZEMETRA Co-founder, Chief Executive Co-founder, President Executive Vice President & Chief Officer & Chairman of the Board Financial Officer Copyright © 2021 Veritone, Inc. All rights reserved. CONFIDENTIAL. Trademarks are the property of their resp
Slide 16: Operational & Financial Update
Operational & Financial Update Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 16
Slide 17: Business and Financial Momentum
Business and Financial Momentum 5 Year Financial Performance Trailing 6 Quarters Financial Performance Revenue ($000s) +141% YOY 64% CAGR Non-GAAP Net Loss Note: Forecasted and estimated figures are based on guidance provided November 9, 2021 Copyright © 2021 Veritone, Inc. All rights reserved. CONF
Slide 18: Third Quarter 2021 Results – Summary
Third Quarter 2021 Results – Summary 3Q:21 CHANGE ($ in Thousands) 3Q:20 2Q:21 3Q:21 Q/Q Y/Y Commercial Enterprise Software Products & Services $2,462 5,131 $8,069 57% 227% Managed Services $12,367 $13,626 $13,627 0% 10% Subtotal $14,829 $18,757 $21,697 16% 46% Government & Regulated Industries Soft
Slide 19: Balance Sheet Summary
Balance Sheet Summary (in Thousands) September 30, 2021 Cash and Cash Equivalents $72,645 Current Assets $166,487 Total Assets $291,197 Current Liabilities $181,648 Total Liabilities $183,532 Stockholders’ Equity $107,666 Common Shares Outstanding 34,857 (excluding options, RSUs and warrants) Copyri
Slide 20: Appendix
Appendix Copyright Copyright©©2021 2021Veritone, Veritone,Inc. Inc.All Allrights rightsreserved. reserved.CONFIDENTIAL. CONFIDENTIAL.Trademarks Trademarksare arethe theproperty propertyofoftheir theirrespective respectiveowners. owners. NASDAQ: VERI 20
Slide 21: Pro Forma Historical Financials
Pro Forma Historical Financials* VERITONE, INC. PRO FORMA INCOME STATEMENT (UNAUDITED)* (in thousands) Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Software Products & Services $ 5,710 $10,516 $ 14,154 $ 30,870 $ 10,183 $ 20,072 $ 21,860 Managed Services 8,796 10,266 12,367 12,416 13,610 13,626 13,627
Slide 22: Annual GAAP to non-GAAP Reconciliation
Annual GAAP to non-GAAP Reconciliation VERITONE, INC. RECONCILIATION OF NON-GAAP NET LOSS TO GAAP NET LOSS (Unaudited, in thousands) 2017 2018 2019 2020 2021 E GAAP net loss $ (59,601) $ (61,104) $ (62,078) $ (47,876) $ (57,713) Interest expense 496 - - 9 - Provision for (benefit from) income taxes
Slide 23: Quarterly GAAP to non-GAAP Reconciliation
Annual GAAP to non-GAAP Reconciliation VERITONE, INC. RECONCILIATION OF NON-GAAP NET LOSS TO GAAP NET LOSS (Unaudited, in thousands) Q1:2020 Q2:2020 Q3:2020 Q4:2020 Q1:2021 Q2:2021 Q3:2021 Q4:2021 E GAAP net loss $ (12,684) $ (11,793) $ (11,013) $ (12,386) $ (30,567) $ (12,715) $ (11,447) $ (3,122)