Jul. 14 at 8:10 PM
$VERI Closed under
$100,000,000 marketcap today…
Enterprise Value (marketcap + debt) is currently ~
$129.30M, or 0.94x EV/Sales for this year at the midpoint.
You can buy the entire company and all their debt for less than what their revenue is this year… absurdly asinine valuation. What does the market see that we don’t?
For reference:
BBAI: 10.67x EV/Sales -
$127M revenue
SOUN: 14.27x EV/Sales -
$168.92M revenue
C3AI: 3.5x EV/Sales -
$250M revenue
Veritone's low 0.94x forward EV/Sales ratio puts it in "deep value" or distressed asset territory compared to pure-play AI peers. If Veritone successfully converts its expanding Veritone Data Refinery (VDR) pipeline (bolstered by new Q1 contracts with NVIDIA and Google) into realized revenue while executing its cost-restructuring plan to lower its operating break-even floor, there is potential for multiple expansion. However, the market is currently pricing in substantial risk ahead of their late-year debt obligations