Veritone, Inc. (VERI) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Veritone, Inc. (VERI) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Veritone, Inc. (“Veritone” or the “Company”) (NASDAQ: VERI) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VERITONE, INC. (VERI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On March 26, 2026, after the market closed, Veritone released its preliminary fourth quarter 2025 financial results, expecting revenue between $18.1 and $30 million. The Company explained that the range in expected revenue was because it was “currently finalizing its accounting determination for certain revenue transactions under ASC 606.”
On this news, Veritone’s stock price fell $0.77, or 29.5%, to close at $1.84 per share on March 27, 2026, thereby injuring investors.
Then, on April 14, 2026, after the market closed, Veritone disclosed that it had “determined that the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon” due to errors resulting in significant overstatement of revenue and understatement of net loss.
On this news, Veritone’s stock price fell $0.19, or 8.3%, to close at $2.09 per share on April 15, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Veritone securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com