Veritone Inc. has released its updated financial guidance for the second quarter and full year 2025. The company anticipates revenue to range between $23.5 million to $24.0 million for Q2 2025, with full-year revenue expected to be between $104.0 million to $115.0 million. The non-GAAP net loss is forecasted to be between $8.5 million to $8.0 million for Q2 2025, and between $30.0 million to $20.0 million for the full year. Veritone has also implemented cost restructuring initiatives designed to streamline operations and enhance financial performance. The company expects these measures to generate annualized savings of up to $10.0 million, with over $7.5 million already realized in June 2025. These efforts are part of Veritone's strategy to position itself for profitability as early as the second half of 2026. Significant business developments include a sole source contract with the United States Air Force, Office of Special Investigations, for deploying aiWARE & iDEMS technologies, and a more than 50% increase in the Veritone Data Refinery (VDR) pipeline since May 2025. Veritone continues to focus on its Public Sector and VDR initiatives as it progresses towards long-term growth.
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