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    VERI   US92347M1009

VERITONE, INC.

(VERI)
  Report
Delayed Nasdaq  -  04:00 2022-09-29 pm EDT
5.850 USD   -0.85%
09/27PandoLogic CEO Terry Baker Wins Globee® in the 10th Annual 2022 CEO World Awards®
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09/20Veritone's Second Annual Law Enforcement Transparency and Trust Report Finds Majority of Americans Support Police but Believe Racial Bias Exists
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09/15Veritone and iconik Partner to Power Media Organizations' Digital Content Monetization Capabilities
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Veritone, Inc Announces Empower Energies Selects Veritone iDERMS™ Designer for a Hybrid Solar + Battery Energy Storage System

07/26/2022 | 07:00am EDT

Veritone, Inc. announced its iDERMS Designer was selected by Empower Energies, one of the leading turnkey providers of clean energy solutions in the United States, to provide an optimal distributed energy resource (DER) sizing solution for a multi-facility development project in Electric Reliability Council of Texas (ERCOT). Veritone's iDERMS Designer was used to determine the size of a battery energy storage system (BESS) needed to complement the existing solar canopy system at multiple facilities, to coordinate battery discharging and charging for optimal performance and savings and to maximize possible revenue streams. The iDERMS Designer used patented artificial intelligence (AI) driven algorithms to ingest years of price, load and solar generation data in order to optimize for a multi-sensitivity business case for ERCOT facilities. As a result, the implemented solution is expected to reduce monthly energy bills, particularly during periods of ERCOT scarcity pricing.

In addition, it is anticipated that an optimized BESS will generate revenue streams from energy arbitrage leveraging Veritone's ERCOT price forecaster. Further, participating in “value stacking” will uncover additional revenue streams, such as participating in a demand response program, acting as a spinning reserve resource in the ERCOT ancillary service market and providing backup power for critical end-user loads during periods of grid outage.


© S&P Capital IQ 2022
All news about VERITONE, INC.
09/27PandoLogic CEO Terry Baker Wins Globee® in the 10th Annual 2022 CEO World Awards®
AQ
09/20Veritone's Second Annual Law Enforcement Transparency and Trust Report Finds Majority o..
BU
09/15Veritone and iconik Partner to Power Media Organizations' Digital Content Monetization ..
BU
09/15Veritone and Iconik Partner to Power Media Organizations’ Digital Content Monetiza..
CI
09/14Veritone Enhances its Multi-Award Winning AI-Driven Voice Solutions with Advanced Capab..
BU
09/14Veritone, Inc. unveiled its next-generation Veritone Voice
CI
09/13PandoLogic to Unveil its New Research at This Week's HR Technology Conference & Exposit..
AQ
09/12Veritone, Inc. : Entry into a Material Definitive Agreement, Financial Statements and Exhi..
AQ
09/07Veritone to Showcase Award-Winning AI Solutions at the International Broadcasting Confe..
BU
08/25PandoLogic Wins the Gold 2022 Stevie® Award for Best Talent Acquisition and Retention S..
AQ
More news
Analyst Recommendations on VERITONE, INC.
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Financials (USD)
Sales 2022 153 M - -
Net income 2022 -50,2 M - -
Net cash 2022 17,8 M - -
P/E ratio 2022 -4,03x
Yield 2022 -
Capitalization 211 M 211 M -
EV / Sales 2022 1,26x
EV / Sales 2023 1,08x
Nbr of Employees 546
Free-Float 86,0%
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Technical analysis trends VERITONE, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 5,85 $
Average target price 11,29 $
Spread / Average Target 92,9%
EPS Revisions
Managers and Directors
Chad Edward Steelberg Chairman & Chief Executive Officer
Ryan S. Steelberg President & Director
Michael L. Zemetra Chief Financial Officer, Treasurer & Executive VP
G. Louis Graziadio Independent Director
Jeff P. Gehl Independent Director
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