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Encouraging, it’s from Wolf Kahn so gotta be a good one. Maybe they will implement this with Positive Energy.
“In California alone, we have 169 agencies using our software every day. Nationwide, we have over 287 LEAs leveraging our software.”
I also thought this was a positive development. Who knows what they mean though when the say “leverage”. I think with this adoption and the continued partnership with the DOJ is significant.
Managed services was down about 300k Q/Q
Gave no update what so ever on any of the government contracts and what specific opportunities lie ahead. Still I’m in for at least another quarter
Gave no update what so ever on any of the government contracts and what specific opportunities lie ahead. Still I’m in for at least another quarter
Not at all the earnings call I expected. Disappointed to say the least
Not at all the earnings call I expected. Disappointed to say the least
Agreed but Mike Z’s voice sounds like the real one. Weird
Wow full year guidance got crushed.
Wow full year guidance got crushed.
Palantir reported earnings this morning and gave weak guidance. They mentioned future government contracts being a big question mark. Maybe Veritone is disrupting their plans and creating some competition.
Palantir reported earnings this morning and gave weak guidance. They mentioned future government contracts being a big question mark. Maybe Veritone is disrupting their plans and creating some competition.
Yes Tuesday cannot come fast enough. Hopefully they answer some of your questions this time around lol
Just need to get out of the “testing phase” and this will be a game changer.
Just need to get out of the “testing phase” and this will be a game changer.
From the PR
"Veritone joined the AWS for Media & Entertainment initiative that helped content creators, rights holders, producers and distributors easily identify industry-specific AWS capabilities and accelerate transformation across five key industry innovation centers."
I wonder what these 5 innovation centers are?
A nice PR today about AWS and M&E. Looks like the partnership they talked about last quarter really is deepening. I think it’s impressive that Veritone is processing over 50k of video and audio per day.
As a side note I could get use to these almost daily PR’s.
Looks like a lot of moving parts
Ok thank you
Wait what was the deleted post about? Is Veritone selling parts of the company?
Alteryx had a good quarter $180 million in revenue vs expected $160 million. Hopefully a sign to come for Veritone.
Well I’m ALL in now I just bought some more.
Looks like iHeartMedia is joining the metaverse. Hopefully Veritone is behind this.
https://www.forbes.com/sites/johnkoetsier/2022/07/27/how-iheartmedia-is-bringing-podcasts-to-the-metaverse-and-the-metaverse-to-podcasts/amp/
I’ve been trying to find what multi-facility development project they are referring to, but no luck. If you google Electric Reliability Council of Texas looks like they oversee the electrical grid for 25 million homes. I wonder if Veritone is able to use some of that data. Looks like they are getting in at early stage of these projects which would bode well for them once the projects are completed.
I will say they are hyping up the Q2 conference call. They’ve posted it multiple times on LinkedIn.
I will say they are hyping up the Q2 conference call. They’ve posted it multiple times on LinkedIn.
To me it seems like Eaton and Enel X may have some overlap.
“The long-term vision is to turn the datacenter assets into something that can provide social benefit outside of our own operations,” Bernhardt said.
EirGrid’s grid-services market, he explained, provides an opportunity for companies like Microsoft to deploy solutions that address grid reliability concerns associated with the growth of renewables.
“We can still maintain our requirements around reliability to our customers but at the same time utilize our infrastructure to provide reliability to the grid, as well as lower CO2 emissions and reduce costs for all energy consumers.”
It's tough to speculate when Veritone isn't really giving you much just a list of customers. To that note way not provide clarity as to the relationship with Amazon, The Wonderful Company, etc. Words already out that you are supposedly working together.
From that Microsoft article https://news.microsoft.com/innovation-stories/ireland-wind-farm-datacenter-ups/
IMO sounds like this battery management for the data center to the power grid is similar to a microgrid, something Veritone has been consistently touting.
“We have this battery asset in the datacenter that is just sitting there,” Belady said. “Why don’t we offer it to the grid and come up with a dynamic way of managing it as a dual-purpose asset and thus drive more efficiency and asset utilization? That’s what drove this win-win situation.”
To that end, his team partnered with intelligent power management company, Eaton, to develop and test a grid-interactive UPS. They performed proof-of-concept experiments in 2020 at a Microsoft datacenter in Chicago and have continued to refine the technology at Microsoft’s datacenter in Quincy, Washington.
Wow ok that's exciting nice catch.
I've never heard them relate Veritone energy with Amazon. As mentioned here before I know Veritone executives love to tell us how closely they work together. So maybe this is an expansion of the collaboration. Side note these two companies are pretty big.
The Wonderful Company is a privately held $5 billion company, in beauty products
Enel X looks to be focused in the energy market specifically in decarbonization
Enel X is the largest provider of demand response worldwide and products and services aimed at energy transformation at home, city and industrial level.
BofA downgrades Veritone to $10. It just keeps getting worse and worse lol.
https://quantisnow.com/insight/3136448
I really hope that this contract is still moving forward. I forget what quarterly earnings it was but a question was asked about the progress of the Air Force Contract. They said it was moving full steam ahead , so I guess we have to wait and see like everything else.
Sorry actually Oracle EPM
Also another random thought with Veritone selecting Oracle Cloud ERP and Cerner deal going through. I wonder if Veritone will have access to that data and deploy a new solution using CDI technology. I know healthcare has been mentioned as a potential use case for CDI. Idk just speculating of course.
Well they posted iDERMS Designer on Linkedin. I hate how quite it's been, still waiting on the PandoSelect PR.
So much for being the only DER solution lol
I know you these awards can be difficult to evaluate. But I place more emphasis on Marubeni reviewing Veritone IDERMS solution and selecting us. What was the research company that was partnered with Marubeni to help evaluate energy software products? I always forget the company name.
For that award released today looks like Veritone was 15/16
https://www.utilitydive.com/press-release/20220623-gridbeyond-ranked-among-the-top-five-virtual-plant-platform-providers-by-gu-1/
Weird how Palantir, Stem and C3.ai not acknowledged at all
Better than the monthly update we get about the San Francisco giants lol