NasdaqGM:VERISoftware
A Look At Veritone (VERI) Valuation As Lawsuits And Restated Financials Pressure The Share Price
Veritone (VERI) is back in focus after multiple law firms filed class action lawsuits alleging misstatements in its financial reporting, following the company’s disclosures about overstated revenue, deficient controls, and required restatements.
See our latest analysis for Veritone.
Those accounting disclosures and the new US$50 million at the market offering have come against a weak backdrop, with the share price down 55.32% year to date and a 1 year total shareholder return of 22.64%...