SEC Comment Letter 0000000000-25-001645 to Veritone, Inc. (VERI) (CIK 0001615165) (VERI)
Veritone, Inc. (VERI) (CIK 0001615165)
Date: Feb. 13, 2025 · CIK: 0001615165 · Accession: 0000000000-25-001645
AI Filing Summary & Sentiment
File numbers found in text: 001-38093
Letter
February 13, 2025 Michael L. Zemetra Chief Financial Officer and Treasurer Veritone, Inc. 1615 Platte Street, 2nd Floor Denver, Colorado, 80202 Re:Veritone, Inc. Form 10-K filed on April 01, 2024 File No. 001-38093 Correspondence filed on February 11, 2025 Dear Michael L. Zemetra: We have reviewed your February 11, 2025 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our January 28, 2025 letter. Correspondence filed on February 11, 2025 Non-GAAP Financial Measures and Key Performance Indicators, page 41 1.We note your response to prior comment 1 and note that the cost of sales line item should be marked as excluding depreciation and amortization shown below. See Topic 11.B. In addition, please clarify which operating expense line item that the remaining depreciation and amortization is attributable to such as sales and marketing or general and administrative. Please consider revising the operating expense captions to read that amounts are exclusive of depreciation and amortization. Further, consider separately presenting the depreciation and amortization attributable to each operating expense and cost of revenue line item. Alternatively, you may choose to present cost of sales and operating expenses including depreciation and amortization.
February 13, 2025 Page 2
Please contact Becky Chow at 202-551-6524 or Stephen Krikorian at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Technology
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February 13, 2025
Michael L. Zemetra
Chief Financial Officer and Treasurer
Veritone, Inc.
1615 Platte Street, 2nd Floor
Denver, Colorado, 80202
Re:Veritone, Inc.
Form 10-K filed on April 01, 2024
File No. 001-38093
Correspondence filed on February 11, 2025
Dear Michael L. Zemetra:
We have reviewed your February 11, 2025 response to our comment letter and have
the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Unless we note otherwise, any references to prior comments are to comments in our
January 28, 2025 letter.
Correspondence filed on February 11, 2025
Non-GAAP Financial Measures and Key Performance Indicators, page 41
1.We note your response to prior comment 1 and note that the cost of sales line item
should be marked as excluding depreciation and amortization shown below. See Topic
11.B. In addition, please clarify which operating expense line item that the
remaining depreciation and amortization is attributable to such as sales and marketing
or general and administrative. Please consider revising the operating expense captions
to read that amounts are exclusive of depreciation and amortization. Further, consider
separately presenting the depreciation and amortization attributable to each operating
expense and cost of revenue line item. Alternatively, you may choose to present cost
of sales and operating expenses including depreciation and amortization.
February 13, 2025
Page 2
Please contact Becky Chow at 202-551-6524 or Stephen Krikorian at 202-551-3488 if
you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Technology