AI company Veritone (Nasdaq: VERI) said third-quarter revenue was between $28.5 million and $28.7 million, representing an increase of 30.5% at the midpoint from the same period a year earlier, according to preliminary unaudited results.
The Irvine-based firm also announced what it called “major contract wins to deploy its Veritone Data Refinery product.” Veritone has moved its headquarters back to Orange County from Denver.
Shares in Veritone closed up 54% at $8.39 per share for a market cap of $588 million.
Final third-quarter results will be released on Nov. 6.
