Just my opinion, but the majority of their problems with revenue growth concern Amazon. With the purchase of Pandologic and maybe to a lesser extent other aiWare or other vertical initiatives with Amazon, Veritone set themselves up to be at the mercy of Amazon.
I have always said that nobody is going to help you scale your technology unless there is clear revenue incentive for them. Amazon is in the position to play hardball with a little pissant like Veritone. Veritone just has never had the backing of reputable and well established players. They went public with backing from Acacia Research, and largest outside shareholder no-name Banta. Nobody that has the ability to scale, is incentivized to scale Veritone.
So Veritone made their bed and bought revenues via Pandologic, the majority of those revenues controlled by Amazon. Now, as Veritone struggles with their balance sheet and still no reputable backing, at the complete mercy of Amazon or others to play nice.
All that being said, its up to Veritone to create a situation that is enticing for someone like Amazon. It appears that Veritone is trying. Looks like they are going all in on AWS. I think when Veritone alludes to even more cost and revenue synergies to be realized beyond the reorg, they are referring to some type of strategic tie-up. But they are at the mercy of whatever strategic partner that is going to help them realize these additional cost and revenue synergies.
They say additional cost and revenue synergies are possible in the second half of this year. I believe that is if they can close any strategic partner deal or deals. jmo
