Veritone (VERI) Q2 FY26 earnings call

Veritone delivered sequential revenue growth in Q2 FY26, driven by VDR and Managed Services, while executing significant cost reductions targeting $15M-$20M in annualized savings by year-end. Despite a challenging macro and public sector budgetary shifts delaying DoD contracts, the company launched new AI products and secured key partnerships, positioning for breakeven profitability by H1 FY27. Management is actively discussing restructuring its remaining convertible debt.