Yeah, it's not looking good, but why did Ryan drop a half million into the stock. If just to show support, he could have bought a lot less shares.
Still think Veritone sitting better than C3. Baker Hughes is 1/3 of their revenue, and seems clear that Baker Hughes wants out of C3. Amazon is 1/3 of Veritone revenue, I think it was 11% to 14% last quarter, but not clear how the relationship behaves going forward. Veritone is good for Amazon to get more customers onto AWS cloud.
Things look bad right now, because of low stock price and nothing being announced.
But just don't think things could be that bad. Why the silence on Pando, Pandoselect, and integration with aiWare? Is all a total failure and not working out? Why no aiWare marketing push. Is aiWare a failure and they don't see the need to market it? Instead they just say to call Deloitte instead of aiWare. Veritone has invested a lot of time and money on aiWare. Bought Atigeo and integrated big data predicting capabilities into aiWare. Integrations with Alteryx, Snowflake, Nvidia. Heavy marketing of police departments, podcast and radio, licensing sports content. They have demonstrated revenue organic revenue growth and non Amazon Pando growth. 200M market cap, just can't believe there are no opportunities out there and that it is all doom and gloom.
If it were not for the cratered stock price and lack of news, it looks to me like they are very well positioned, but maybe spread thin. But looks like partnerships are in place for Energy and Government, so they can devote most resources to M&E and HR recruiting. Of course we don't know the terms of any partnership deal for energy or government, but it has always made sense to me that they were spread too thin as a small company, and that they needed large partners to help them scale. So it looks like that's what they are doing, but unfortunately we will be the last to know. rambling
