$VERI
Veritone, Inc.

2017 Q4 Form 10-Q Financial Statement

#000119312517335799 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $3.500M $3.719M $2.321M
YoY Change 40.0% 60.23% -56.94%
Cost Of Revenue $250.0K $292.0K $448.0K
YoY Change -50.98% -34.82% 1.82%
Gross Profit $3.250M $3.427M $1.873M
YoY Change 63.32% 82.97% -62.16%
Gross Profit Margin 92.86% 92.15% 80.7%
Selling, General & Admin $11.72M $19.42M $5.661M
YoY Change 72.35% 242.98% 39.78%
% of Gross Profit 360.62% 566.56% 302.24%
Research & Development $4.360M $3.466M $2.181M
YoY Change 71.65% 58.92% 134.52%
% of Gross Profit 134.15% 101.14% 116.44%
Depreciation & Amortization $70.00K $9.000K $30.00K
YoY Change 16.67% -70.0% 50.0%
% of Gross Profit 2.15% 0.26% 1.6%
Operating Expenses $16.08M $22.88M $7.842M
YoY Change 71.98% 191.79% 57.47%
Operating Profit -$12.83M -$19.46M -$5.969M
YoY Change 74.32% 225.93% 19796.67%
Interest Expense $170.0K $40.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$130.0K $88.00K -$1.456M
YoY Change -92.4% -106.04%
Pretax Income -$12.79M -$19.37M -$7.425M
YoY Change 41.17% 160.84% 24650.0%
Income Tax $0.00 $2.000K $2.000K
% Of Pretax Income
Net Earnings -$12.79M -$19.37M -$7.427M
YoY Change 41.17% 160.79% 24656.67%
Net Earnings / Revenue -365.43% -520.81% -319.99%
Basic Earnings Per Share
Diluted Earnings Per Share -$860.1K -$1.297M -$634.5K
COMMON SHARES
Basic Shares Outstanding 14.96M shares 14.94M 2.481M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.10M $60.40M $7.600M
YoY Change 471.07% 694.74%
Cash & Equivalents $29.55M $20.76M $7.626M
Short-Term Investments $39.60M $39.70M
Other Short-Term Assets $2.800M $2.800M $900.0K
YoY Change 154.55% 211.11%
Inventory
Prepaid Expenses
Receivables $7.691M $10.08M $11.60M
Other Receivables $4.200M $5.100M $2.000M
Total Short-Term Assets $83.81M $78.51M $22.10M
YoY Change 292.22% 255.24%
LONG-TERM ASSETS
Property, Plant & Equipment $680.0K $52.00K $100.0K
YoY Change 900.0% -48.0%
Goodwill $139.0K
YoY Change
Intangibles $3.154M
YoY Change
Long-Term Investments
YoY Change
Other Assets $780.0K $944.0K $8.300M
YoY Change -14.57% -88.63%
Total Long-Term Assets $4.753M $1.173M $10.20M
YoY Change 384.51% -88.5%
TOTAL ASSETS
Total Short-Term Assets $83.81M $78.51M $22.10M
Total Long-Term Assets $4.753M $1.173M $10.20M
Total Assets $88.56M $79.68M $32.30M
YoY Change 296.27% 146.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.34M $15.84M $11.00M
YoY Change 8.25% 44.0%
Accrued Expenses $5.999M $9.058M $6.600M
YoY Change -11.48% 37.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.26M $31.84M $27.00M
YoY Change -38.75% 17.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $9.800M
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $14.00K $8.000M
YoY Change -100.0% -99.83%
Total Long-Term Liabilities $0.00 $14.00K $17.80M
YoY Change -100.0% -99.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.26M $31.84M $27.00M
Total Long-Term Liabilities $0.00 $14.00K $17.80M
Total Liabilities $27.26M $31.85M $44.80M
YoY Change -38.78% -28.91%
SHAREHOLDERS EQUITY
Retained Earnings -$109.3M -$96.52M
YoY Change 141.64%
Common Stock $16.00K $15.00K
YoY Change 300.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.30M $47.83M -$12.50M
YoY Change
Total Liabilities & Shareholders Equity $88.56M $79.68M $32.30M
YoY Change 296.27% 146.69%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$12.79M -$19.37M -$7.427M
YoY Change 41.17% 160.79% 24656.67%
Depreciation, Depletion And Amortization $70.00K $9.000K $30.00K
YoY Change 16.67% -70.0% 50.0%
Cash From Operating Activities -$11.54M -$3.890M -$5.850M
YoY Change 117.74% -33.5% -173.58%
INVESTING ACTIVITIES
Capital Expenditures -$3.650M -$20.00K -$20.00K
YoY Change 18150.0% 0.0% -95.74%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$40.62M $0.00
YoY Change -90.0%
Cash From Investing Activities -$3.660M -$40.64M -$20.00K
YoY Change 2950.0% 203100.0% -95.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.76M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.99M -620.0K 9.900M
YoY Change 143.06% -106.26% -24850.0%
NET CHANGE
Cash From Operating Activities -11.54M -3.890M -5.850M
Cash From Investing Activities -3.660M -40.64M -20.00K
Cash From Financing Activities 23.99M -620.0K 9.900M
Net Change In Cash 8.790M -45.15M 4.030M
YoY Change 97.53% -1220.35% -45.83%
FREE CASH FLOW
Cash From Operating Activities -$11.54M -$3.890M -$5.850M
Capital Expenditures -$3.650M -$20.00K -$20.00K
Free Cash Flow -$7.890M -$3.870M -$5.830M
YoY Change 49.43% -33.62% -169.24%

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733000
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523000
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159000
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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72000
us-gaap Research And Development Expense
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253000
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0.800 pure
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CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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14783366 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14936809 shares

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