Veritone, Inc.

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

Thank you and good afternoon. After the market closed today, Veritone issued a press release announcing results for the third quarter ended September 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 CEO Chad Stilberg, President Ryan Stilberg, and CFO Mike Symmetra, 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 and financial 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 assumptions as of today, November 8, 2022, and Veritone undertakes no obligation to revise or update them. During the call, the actual and forecasted financial measures we'll be discussing will be presented on a non-GAAP basis, unless otherwise noted. Reconciliations of these measures to the corresponding gap measures are included in the press release we issued today. Finally, I'd like to remind everyone that not only is this call being 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 Veritone's website at www.veritone.com. Now, I'd like to turn the call over to the digital twin of our co-founder and CEO, Chad Stilberg.

Chad? Thank you, Brian. Good afternoon, everyone. As Brian noted, I am Digital Twin Chad. We are happy to speak with you today and to provide an update on the progress of our business. For the third quarter of 2022, Veritone reported revenue of $37.1 million, representing year-over-year growth of 64% on a GAAP basis and 5% on a pro forma basis. Over the same period, bookings reached another record, up nearly 400% year-over-year, and our customer count grew 43%, both on a pro forma basis. As Ryan and Mike will detail, our commercial businesses, powered by AIWare, continue to be our foundation, providing the bulk of the revenues and profits for the business. That said, our investments in government and regulated industry solutions broadly continue to find new use cases and grow their respective pipelines. Veritone remains well capitalized, with a robust balance sheet and many growth levers at our disposal. For the past several years, we have been making intentional, disciplined investments in both the AIWare platform and the use case-specific applications and services that leverage it. Moreover, we intend to continue to leverage our extensive partnerships to cost-effectively expand our offerings into new markets like healthcare and fintech, where we don't currently have specific offerings. For a while now, we have argued that artificial intelligence, in good times and bad, will continue to thrive. The resilience of our commercial business in the third quarter provides ample evidence that our belief is accurate. Whether it is our advertising services, HR solutions, or our SaaS offerings for media and entertainment titans, our customers are realizing the improved ROI that is enabled by Veritone's enterprise solutions. Before I turn the call over to Ryan, I want to briefly touch on Ryan's elevation to Chief Executive Officer effective January 1st, 2023, and my continued involvement with the company as Chairman of the Board. I am immensely proud of the team we have assembled, the technology we have developed, and progress we have made in establishing a world-class AI operating system. Looking ahead, I have total confidence in Ryan and the stewardship he will employ in executing Veritone's long-term strategy. We are building an ecosystem to endure, and I am excited to contribute to our next chapter. Now, Ryan will discuss the operations of the business in greater detail. Over to you, Ryan.