InvestorsHub Logo

GBR

Followers 20
Posts 6548
Boards Moderated 1
Alias Born 01/02/2003

GBR

Re: GBR post# 5744

Monday, 09/12/2022 9:07:32 PM

Monday, September 12, 2022 9:07:32 PM

Post# of 10717
just following that 10Q comment on Amazon normalizing revenues in the 3rd quarter, was this comment.

We believe our Software Products & Services will extend the capabilities of many third-party software platforms and products that are widely used today. For example, we believe that, when integrated with aiWARE, PandoLogic customers will be given greater visibility and transparency in their hiring processes.

So I am assuming that the Pando revenues to date have not been where Pando was integrated with aiWare? Obviously if Amazon remains a Pando customer, they would want the integration with aiWare if it meant giving them greater visibility and transparency in hiring process. So maybe PandoSelect which they are quiet about and released 8/31 prompted the Sept 6 amendment to the agreement. And Veritone expects Amazon revenues to return to normal this quarter. Maybe Pandoselect, with the aiWare integration required a new contract with Amazon. Maybe all this prompted the need to settle the remaining earnout and end Pando status as a separate entity.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent VERI News