Veritone Historical Income Statement
| VERI Stock | USD 2.64 0.03 1.12% |
Historical analysis of Veritone income statement accounts such as Interest Expense of 1.8 M, Selling General Administrative of 40.4 M, Total Revenue of 133.9 M or Gross Profit of 104.3 M can show how well Veritone performed in making a profits. Evaluating Veritone income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Veritone's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Veritone latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Veritone is a good buy for the upcoming year.
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About Veritone Income Statement Analysis
Veritone Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Veritone shareholders. The income statement also shows Veritone investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Veritone Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Veritone minus its cost of goods sold. It is profit before Veritone operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Veritone operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Veritone is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Veritone's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Veritone current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.As of now, Veritone's Cost Of Revenue is increasing as compared to previous years. The Veritone's current Total Operating Expenses is estimated to increase to about 201.2 M, while Interest Expense is projected to decrease to under 1.8 M.
| 2020 | 2022 | 2023 | 2024 (projected) | Gross Profit | 42.0M | 122.3M | 99.3M | 104.3M | Total Revenue | 57.7M | 149.7M | 127.6M | 133.9M |
Veritone income statement Correlations
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Veritone income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 541K | 127K | 9K | 4.9M | 2.4M | 1.8M | |
| Selling General Administrative | 38.0M | 47.3M | 50.1M | 44.2M | 73.8M | 40.4M | |
| Total Revenue | 27.0M | 49.6M | 57.7M | 149.7M | 127.6M | 133.9M | |
| Gross Profit | 20.6M | 32.4M | 42.0M | 122.3M | 99.3M | 104.3M | |
| Operating Income | (62.0M) | (64.1M) | (47.7M) | (38.0M) | (92.3M) | (87.7M) | |
| Net Income From Continuing Ops | (62.1M) | (47.9M) | (70.6M) | (25.2M) | (66.1M) | (69.4M) | |
| Ebit | (64.1M) | (47.8M) | (47.7M) | (18.4M) | (59.2M) | (62.2M) | |
| Research Development | 22.1M | 23.8M | 14.4M | 43.6M | 42.1M | 44.2M | |
| Cost Of Revenue | 6.5M | 17.3M | 15.7M | 27.4M | 28.3M | 29.7M | |
| Total Operating Expenses | 96.4M | 89.7M | 84.3M | 160.3M | 191.6M | 201.2M | |
| Income Before Tax | (61.1M) | (63.5M) | (47.8M) | (23.2M) | (61.7M) | (64.8M) | |
| Total Other Income Expense Net | 908K | 541K | (127K) | 14.7M | 30.7M | 32.2M | |
| Net Income Applicable To Common Shares | (62.1M) | (47.9M) | (70.6M) | (25.6M) | (23.0M) | (24.2M) | |
| Net Income | (62.1M) | (47.9M) | (47.8M) | (25.2M) | (58.6M) | (61.6M) | |
| Income Tax Expense | (1.5M) | 76K | 2.7M | 2.0M | (3.0M) | (2.9M) | |
| Tax Provision | (1.5M) | 76K | 2.7M | 2.0M | 1.1M | 1.2M | |
| Depreciation And Amortization | 5.9M | 6.4M | 9.0M | 23.5M | 27.7M | 29.0M | |
| Selling And Marketing Expenses | 22.5M | 25.3M | 19.9M | 51.3M | 52.0M | 26.8M | |
| Other Operating Expenses | 113.7M | 105.4M | 100.0M | 187.7M | 219.9M | 113.6M | |
| Ebitda | (58.1M) | (41.4M) | (38.6M) | 5.2M | (31.6M) | (33.1M) | |
| Net Interest Income | 549K | 85K | (538K) | (4.9M) | (2.9M) | (3.1M) | |
| Interest Income | 211K | 803K | 549K | 85K | 76.5K | 72.7K | |
| Reconciled Depreciation | 5.9M | 6.4M | 9.0M | 23.5M | 27.7M | 29.1M | |
| Non Operating Income Net Other | 541K | (127K) | (600K) | 14.7M | 17.0M | 17.8M |
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When determining whether Veritone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veritone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Veritone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veritone Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veritone. If investors know Veritone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veritone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.52 | Earnings Share (1.59) | Revenue Per Share 3.534 | Quarterly Revenue Growth 0.108 | Return On Assets (0.12) |
The market value of Veritone is measured differently than its book value, which is the value of Veritone that is recorded on the company's balance sheet. Investors also form their own opinion of Veritone's value that differs from its market value or its book value, called intrinsic value, which is Veritone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veritone's market value can be influenced by many factors that don't directly affect Veritone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veritone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.