$VERI
Veritone, Inc. Stock $veri

$veri Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000119312518156123 Filed on May 08, 2018

Income Statement

Concept	2018 Q1	2017 Q4	2017 Q1
Revenue	$4.388M	$3.500M	$3.108M
YoY Change	41.18%	40.0%	49.71%
Cost Of Revenue	$564.0K	$250.0K	$196.0K
YoY Change	187.76%	-50.98%	-38.75%
Gross Profit	$3.824M	$3.250M	$2.912M
YoY Change	31.32%	63.32%	65.83%
Gross Profit Margin	87.15%	92.86%	93.69%
Selling, General & Admin	$12.53M	$11.72M	$6.279M
YoY Change	99.49%	72.35%	51.08%
% of Gross Profit	327.56%	360.62%	215.63%
Research & Development	$4.528M	$4.360M	$3.264M
YoY Change	38.73%	71.65%	113.33%
% of Gross Profit	118.41%	134.15%	112.09%
Depreciation & Amortization	$355.0K	$70.00K	$59.00K
YoY Change	501.69%	16.67%	90.32%
% of Gross Profit	9.28%	2.15%	2.03%
Operating Expenses	$17.05M	$16.08M	$9.543M
YoY Change	78.71%	71.98%	67.83%
Operating Profit	-$13.23M	-$12.83M	-$6.631M
YoY Change	99.52%	74.32%	68.73%
Interest Expense	$180.0K	$170.0K	$2.355M
YoY Change	-92.36%
% of Operating Profit
Other Income/Expense, Net	$183.0K	-$130.0K	$786.0K
YoY Change	-76.72%	-92.4%	-2635.48%
Pretax Income	-$13.05M	-$12.79M	-$5.845M
YoY Change	123.22%	41.17%	47.56%
Income Tax	$2.000K	$0.00	$2.000K
% Of Pretax Income
Net Earnings	-$13.05M	-$12.79M	-$5.847M
YoY Change	123.17%	41.17%	47.54%
Net Earnings / Revenue	-297.38%	-365.43%	-188.13%
Basic Earnings Per Share
Diluted Earnings Per Share	-$812.1K	-$860.1K	-$392.1K
COMMON SHARES
Basic Shares Outstanding	16.21M	14.96M shares	2.578M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q1	2017 Q4	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$54.50M	$69.10M	$8.800M
YoY Change	519.32%	471.07%
Cash & Equivalents	$21.03M	$29.55M	$8.782M
Short-Term Investments	$33.50M	$39.60M
Other Short-Term Assets	$2.300M	$2.800M	$3.200M
YoY Change	-28.13%	154.55%
Inventory
Prepaid Expenses
Receivables	$9.686M	$7.691M	$7.682M
Other Receivables	$5.000M	$4.200M	$4.900M
Total Short-Term Assets	$71.57M	$83.81M	$24.51M
YoY Change	191.94%	292.22%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.324M	$680.0K	$57.00K
YoY Change	3977.19%	900.0%
Goodwill		$139.0K
YoY Change
Intangibles	$2.918M	$3.154M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$919.0K	$780.0K	$1.500M
YoY Change	-38.73%	-14.57%
Total Long-Term Assets	$6.161M	$4.753M	$1.830M
YoY Change	236.67%	384.51%
TOTAL ASSETS
Total Short-Term Assets	$71.57M	$83.81M	$24.51M
Total Long-Term Assets	$6.161M	$4.753M	$1.830M
Total Assets	$77.73M	$88.56M	$26.34M
YoY Change	195.05%	296.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$11.59M	$13.34M	$17.09M
YoY Change	-32.22%	8.25%
Accrued Expenses	$6.912M	$5.999M	$9.074M
YoY Change	-23.83%	-11.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$15.30M
YoY Change	-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$26.58M	$27.26M	$51.34M
YoY Change	-48.22%	-38.75%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities		$0.00	$22.00K
YoY Change		-100.0%
Total Long-Term Liabilities	$0.00	$0.00	$22.00K
YoY Change	-100.0%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$26.58M	$27.26M	$51.34M
Total Long-Term Liabilities	$0.00	$0.00	$22.00K
Total Liabilities	$26.60M	$27.26M	$51.36M
YoY Change	-48.21%	-38.78%
SHAREHOLDERS EQUITY
Retained Earnings	-$122.5M	-$109.3M	-$52.16M
YoY Change	134.83%	141.64%
Common Stock	$16.00K	$16.00K	$4.000K
YoY Change	300.0%	300.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$51.15M	$61.30M	-$48.89M
YoY Change
Total Liabilities & Shareholders Equity	$77.73M	$88.56M	$26.34M
YoY Change	195.05%	296.27%

Cashflow Statement

Concept	2018 Q1	2017 Q4	2017 Q1
OPERATING ACTIVITIES
Net Income	-$13.05M	-$12.79M	-$5.847M
YoY Change	123.17%	41.17%	47.54%
Depreciation, Depletion And Amortization	$355.0K	$70.00K	$59.00K
YoY Change	501.69%	16.67%	90.32%
Cash From Operating Activities	-$13.25M	-$11.54M	-$5.110M
YoY Change	159.26%	117.74%	-65.19%
INVESTING ACTIVITIES
Capital Expenditures	$1.693M	-$3.650M	-$30.00K
YoY Change	-5743.33%	18150.0%
Acquisitions
YoY Change
Other Investing Activities	$6.000M	-$10.00K
YoY Change		-90.0%
Cash From Investing Activities	$4.237M	-$3.660M	-$30.00K
YoY Change	-14223.33%	2950.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	-$64.00K	$23.76M	$56.00K
YoY Change	-214.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	492.0K	23.99M	1.850M
YoY Change	-73.41%	143.06%
NET CHANGE
Cash From Operating Activities	-13.25M	-11.54M	-5.110M
Cash From Investing Activities	4.237M	-3.660M	-30.00K
Cash From Financing Activities	492.0K	23.99M	1.850M
Net Change In Cash	-8.519M	8.790M	-3.290M
YoY Change	158.94%	97.53%	-77.59%
FREE CASH FLOW
Cash From Operating Activities	-$13.25M	-$11.54M	-$5.110M
Capital Expenditures	$1.693M	-$3.650M	-$30.00K
Free Cash Flow	-$14.94M	-$7.890M	-$5.080M
YoY Change	194.11%	49.43%	-65.4%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8782000
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	27000
CY2018Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	6912000
CY2018Q1	us-gaap	Assets Current AssetsCurrent	71567000
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9686000
CY2018Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	209000
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	11585000
CY2018Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-208000
CY2018Q1	us-gaap	Assets Assets	77728000
CY2018Q1	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	197000
CY2018Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	54518000
CY2018Q1	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	54715000
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21026000
CY2018Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16158883	shares
CY2018Q1	us-gaap	Class Of Warrant Or Right Unissued ClassOfWarrantOrRightUnissued	652122	shares
CY2018Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	1524573	shares
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16254054	shares
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	16000
CY2018Q1	us-gaap	Customer Advances Current CustomerAdvancesCurrent	5240000
CY2018Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1908000
CY2018Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	657000
CY2018Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3575000
CY2018Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2918000
CY2018Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2918000
CY2018Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1994000
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	77728000
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	26582000
CY2018Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	33492000
CY2018Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	2845000
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	919000
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2300000
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2324000
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2533000
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-122479000
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	3992
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	6006
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	51146000
CY2018Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	5063000
CY2018Q1	veri	Other Accruals Current OtherAccrualsCurrent	937000
CY2018Q1	veri	Additional Paid In Capital Common Stock Preferred Stock Deficit AdditionalPaidInCapitalCommonStockPreferredStockDeficit	173817000
CY2018Q1	veri	Property And Equipment Gross PropertyAndEquipmentGross	539000
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12078000
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	38000
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	5999000
CY2017Q4	us-gaap	Assets Current AssetsCurrent	83805000
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7691000
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	160000
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	13338000
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-135000
CY2017Q4	us-gaap	Assets Assets	88558000
CY2017Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	134000
CY2017Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	69143000
CY2017Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	69277000
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	29545000
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16158883	shares
CY2017Q4	us-gaap	Class Of Warrant Or Right Unissued ClassOfWarrantOrRightUnissued	652122	shares
CY2017Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	1524573	shares
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16254054	shares
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	16000
CY2017Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	435000
CY2017Q4	us-gaap	Customer Advances Current CustomerAdvancesCurrent	3477000
CY2017Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	3117000
CY2017Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	351000
CY2017Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3505000
CY2017Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3154000
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3154000
CY2017Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	27000
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	88558000
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	27256000
CY2017Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	39598000
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4442000
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	919000
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2808000
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	680000
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	840000
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-109307000
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	44974
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	61302000
CY2017Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	4163000
CY2017Q4	veri	Other Accruals Current OtherAccrualsCurrent	1325000
CY2017Q4	veri	Additional Paid In Capital Common Stock Preferred Stock Deficit AdditionalPaidInCapitalCommonStockPreferredStockDeficit	170728000
CY2017Q4	veri	Property And Equipment Gross PropertyAndEquipmentGross	378000
CY2017Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9881041	shares
CY2017Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2054000
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1846000
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-5847000
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-6631000
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	786000
CY2017Q1	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	22000
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	15000
CY2017Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	30000
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2577919	shares
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3296000
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5847000
CY2017Q1	us-gaap	Cost Of Revenue CostOfRevenue	196000
CY2017Q1	us-gaap	Depreciation Depreciation	52000
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	59000
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-3.09
CY2017Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-3118000
CY2017Q1	us-gaap	Gross Profit GrossProfit	2912000
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3680000
CY2017Q1	us-gaap	Gross Transaction Volume GrossTransactionVolume	26723000
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5845000
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements	338527	shares
CY2017Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	1484000
CY2017Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	48000
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2915000
CY2017Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-282000
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	4328000
CY2017Q1	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	4012000
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2111000
CY2017Q1	us-gaap	Interest Expense InterestExpense	2355000
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-30000
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-5112000
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6920000
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	9543000
CY2017Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	83000
CY2017Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	2000000
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-56000
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	67000
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3264000
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	3108000
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	125000
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2599000
CY2017Q1	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	1073000
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2239392	shares
CY2017Q1	veri	Interest Income InterestIncome	1000
CY2017Q1	veri	Unpaid Deferred Offering Costs Incurred During Noncash Transaction UnpaidDeferredOfferingCostsIncurredDuringNoncashTransaction	263000
CY2018Q1	dei	Amendment Flag AmendmentFlag	false
CY2018Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6228374	shares
CY2018Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <i>Concentration of Risk</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company’s ten largest customers by revenue accounted for approximately 58.7% and 76.6% of its net revenues in the three months ended March 31, 2018 and 2017, respectively.</p> </div>
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-8519000
CY2018Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-13122000
CY2018Q1	us-gaap	Cost Of Revenue CostOfRevenue	564000
CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018Q1	us-gaap	Depreciation Depreciation	49000
CY2018Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	355000
CY2018Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.81
CY2018Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	Veritone, Inc.
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001615165
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2018Q1	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P3Y
CY2018Q1	us-gaap	Gross Profit GrossProfit	3824000
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6778000
CY2018Q1	us-gaap	Gross Transaction Volume GrossTransactionVolume	29420000
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-13047000
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements	139143	shares
CY2018Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	900000
CY2018Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	306000
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2023000
CY2018Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	913000
CY2018Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-1597000
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1753000
CY2018Q1	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	1763000
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-541000
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	4237000
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-13248000
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-13049000
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	17054000
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	492000
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-13049000
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-13230000
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	183000
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-10000
CY2018Q1	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	2000
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-63000
CY2018Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	70000
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1693000
CY2018Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	64000
CY2018Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman"; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Reclassifications</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: "Times New Roman"; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Certain reclassifications have been made to prior year amounts for consistency and to enhance comparability with the current year’s financial statements presentation. There was no impact on total assets, total stockholders’ equity, accumulated deficit, or net loss resulting from these reclassifications.</p> </div>
CY2018Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	6000000
CY2018Q1	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	556000
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	28000
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4528000
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4388000
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2474000
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5748000
CY2018Q1	dei	Trading Symbol TradingSymbol	VERI
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16069549	shares
CY2018Q1	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Use of Accounting Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the accompanying condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The principal estimates relate to revenue recognition, allowance for doubtful accounts, and the valuation of stock awards and stock warrants. Actual results could differ from those estimates.</p> </div>
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16208692	shares
CY2018Q1	veri	Interest Income InterestIncome	181000

Files In Submission

Name	View Source	Status
0001193125-18-156123-index-headers.html	Edgar Link	pending
0001193125-18-156123-index.html	Edgar Link	pending
0001193125-18-156123.txt	Edgar Link	pending
0001193125-18-156123-xbrl.zip	Edgar Link	pending
d436222d10q.htm	Edgar Link	pending
d436222dex101.htm	Edgar Link	pending
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d436222dex311.htm	Edgar Link	pending
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d436222dex321.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
veri-20180331.xml	Edgar Link	completed
veri-20180331.xsd	Edgar Link	pending
veri-20180331_cal.xml	Edgar Link	unprocessable
veri-20180331_def.xml	Edgar Link	unprocessable
veri-20180331_lab.xml	Edgar Link	unprocessable
veri-20180331_pre.xml	Edgar Link	unprocessable

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$VERI
Veritone, Inc. Stock $veri

2018 Q1 Form 10-Q Financial Statement

#000119312518156123 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VERI Veritone, Inc. Stock $veri

2018 Q1 Form 10-Q Financial Statement

#000119312518156123 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VERI
Veritone, Inc. Stock $veri