Looking at some of their growth drivers they list in the November presentation.
Deliver best-in-class ecosystem to drive
operational efficiencies, accelerate decision
making and increase profitability
Well best in class ecosystem has to be aiWare, and "Deliver" implies that it hasn't been delivered yet. So maybe means they announce aiWare 3.5 soon.
Market ability to integrate and orchestrate
disparate data and workflows
Again, this has to be aiWare, and implies they are going to start marketing aiWare, or aiWare capabilities.
Showcase expanding market applications of
solutions across core verticals to existing
customers
They have been very limited on showcasing the usual applications they do have. All we here about is DMH and Redact. So maybe they start coming out with new applications.
Convert trial customers, particularly in
government and regulated industries, to longterm customers
This could be significant, and could include aiWare license agreements with some of the big players. We have no idea of the extent of their trial customers. And I'm sure the "paying" customers are not happy when others are getting free trials. But when RS says that the beginning of 2024 will be inflection point in growth trajectory, maybe "trial periods" end at the end of this year.
Last two quarter Zemetra has said "2024, which will be when Veritone pivots back towards vertical growth from existing software and services "
Implies that they "pivoted" away from Vertical growth in 2023, and now are going to "Pivot" back. Well they obviously didn't care about the success of their aiWare platform this year. Maybe all these companies like Google got on board in 2022, but then needed a year to develop and integrate. And it's in line with Chad's consulting schedule, so maybe 2024 all about ending the trials and going live with aiWare and partners.
Then in both quarters, they speak of "disruptive growth" for 2024. Again, I know of no other catalyst unless aiWare.
