Veritone, Inc.

Good day and welcome to the Veritone second quarter 2022 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To withdraw your question, please press star then two. Please note today's event is being recorded. I would now like to turn the conference over to Brian Alger, Senior Vice President, Investor Relations and Capital Marketing. Please go ahead.

Thank you and good afternoon. After the market closed today, Veritone issued a press release announcing results for the second quarter ended June 30th, 2022. The press release and other supplemental information is available at the investor section of Veritone's website. Joining us for today's call are both the live and digital twin versions of Veritone's chairman and CEO, Chad Stilberg, President Ryan Stilberg, and CFO Mike Zmetra, who will provide prepared remarks and then open up the call for a live question and answer session. Please note that certain information discussed on the call today, including certain answers to your questions, will include forward-looking statements. This includes, without limitation, statements about our business strategy and future financial and operating performance. These forward-looking statements are subject to risks, uncertainties, and assumptions that may cause the actual results to differ materially from those stated. Certain of these risks and assumptions are discussed in Veritone's SEC filings, including its annual report on Form 10-K. These forward-looking statements are based on the assumptions as of today, August 9, 2022, and Veritone undertakes no obligation to revise or update them. During the call, the actual and forecasted financial measures we will be discussing will be presented on a non-GAAP basis, unless noted otherwise. Reconciliations of these measures to the corresponding GAAP measures are included in the press release we issued today. Finally, I would like to remind everyone that not only has this call been produced with Veritone Voice, our proprietary synthetic voice solution, but it is also being recorded and will be made available for replay via a link in the investor section of the company's website at www.veritone.com. Now, I'd like to turn the call over to the digital twin of our chairman and CEO, Chad Stilberg.

Chad? Thank you, Brian. Good afternoon, everyone. Buenas tardes. Guten Abend. Zao zhao hao. As Brian noted, I am digital twin Chad. I'm happy to speak with you today and to provide an update on the progress of our business. For the second quarter of 2022, Veritone reported revenue of $34.2 million, representing year-over-year growth of 78% on a gap basis and 2% on a pro forma basis. Over the same period, bookings in the quarter nearly doubled and our customer count grew 42%, both on a pro forma basis. As Ryan and Mike will detail shortly, the vast majority of our business tracked very well in the second quarter of 2022. However, actions taken by one of our largest customers, Amazon, impacted our financial growth in the quarter. As you can see from the balance sheet in our earnings release, Veritone is well capitalized. We have over $220 million in cash and cash equivalents with many levers of growth. We continue to strategically invest in our growth and the opportunity that AIWare represents. We are implementing a number of cost-saving initiatives and other tactical changes to better align our business with the opportunities ahead. Artificial intelligence in good times and bad will continue to thrive. Our sequential and year-on-year growth in new customers and bookings in the quarter is a testament to that fact. Additionally, gross revenue retention was well in excess of 90% in Q2 2022. Consumption activity negatively impacted our results in the second quarter, primarily driven by Amazon. Even while the fundamental strength of the overall business, our market penetration and our technology improved meaningfully. With ample resources, strong management, and a firm commitment to the end goal, we remain confident in our business, our technology, and our strategy Now, I'll turn the call over to Ryan, our president, to provide further details on our operational progress. Over to you, Ryan.