Lack of focus main reason for 1x revenue valuation in my opinion.
18M unencumbered cash, so currently pursuing all these different business verticals with no resources.
Spend 52M on Broadbean a year ago, and still haven't fully integrated yet, and now announce going into the AI consulting business. All while trying to run an advertising business, public sector business, and M&E business. Jack of all trades, master of none.
Plus all businesses above leveraging aiWARE, a platform that still is yet to gain any traction.
Add to that, in any interview with RS, he never states how Veritone differentiates. He would rather talk about AI for Good, or talk about the old days in the ad business.
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