College applications open Friday. Here's what to know.
Acceptance rates have hit record lows for elite colleges, many schools have dropped standardized testing requirements and artificial intelligence has disrupted how students engage with education.
With the Common Application opening Friday, students and families are beginning to weigh their options for tackling the college admissions process.
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Veritone Inc (VERI) Q2 2025 Earnings Call Highlights: Strong Software Growth Amidst Managed ...
Revenue: Over $24 million for Q2 2025, flat compared to Q2 2024. Software Products and Services Growth: Over 45% year-over-year, excluding Veritone Hire. Public Sector Revenue Growth: Over 90% year-over-year. Commercial Enterprise Revenue Growth: Improved by $0.8 million year-over-year. Managed Services Decline: $1.9 million decrease, driven by a decline in representation services. Gross Profit: $15.3 million, down from $16.4 million in Q2 2024. GAAP Gross Margin: 63.9%, compared to 68.2% in Q2 2024. Operating Loss: $19.3 million, improved by 5% year-over-year. Net Loss from Continuing Operations: $26.8 million, increased by 14.5% year-over-year. Non-GAAP Net Loss: $8.7 million, improved from $9.7 million in Q2 2024. Cash and Restricted Cash: $13.9 million as of June 30, 2025. Debt: Approximately $128 million, down from $201 million in December 2021. Q3 2025 Revenue Guidance: Expected between $28 million and $30 million. Fiscal 2025 Revenue Guidance: Expected between $108 million and $115 million. Warning! GuruFocus has detected 5 Warning Signs with VERI. Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Veritone Inc (NASDAQ:VERI) reported revenue of over $24 million for the quarter, reaching the high end of their updated guidance. The company experienced strong organic non-Veritone hire software revenue growth of over 45% in the quarter. Veritone Inc (NASDAQ:VERI) secured 104 new software customers and grew their Veritone Data Refinery (VDR) pipeline by over 100% from Q1. The public sector pipeline increased to $189 million, up from $110 million at the end of the first quarter. The company announced cost-saving initiatives expected to generate $10 million in annualized savings, strengthening their financial position. Negative Points Managed services revenue declined by $1.9 million, driven by a decrease in representation services. GAAP gross profit decreased by $1.1 million, with gross margins declining from 68.2% to 63.9%. Net loss from continuing operations increased by $3.4 million or 14.5% compared to Q2 2024. The company experienced a decline in total software product and service customers by 9% year-over-year. Veritone Inc (NASDAQ:VERI) anticipates continued negative trends in representation services throughout 2025. Q & A Highlights Q: Can you elaborate on what needs to convert to support the step-up in acceleration for the top line, and what gives you confidence in this visibility? A: Ryan Steelberg, CEO, explained that they have the smallest gap of "go get" revenue to realize their Q3 guidance. Much of the revenue is already contracted or in process, such as with the Department of Defense (DoD) contracts and new customers with Veritone Data Refinery (VDR). They are confident in their ability to meet guidance due to existing customer transactions and ongoing revenue generation. Q: How does Veritone differentiate itself in regulated industries like defense and law enforcement compared to other AI platforms? A: Ryan Steelberg highlighted that Veritone's aiWARE platform is model-agnostic and can manage the full end-to-end stack, allowing customers to rely on Veritone as models mature. Veritone's ability to process unstructured data at scale, such as audio and video, is a significant differentiator. The platform's flexibility to operate in various environments, including air-gapped and on-premises, further sets it apart. Q: Regarding the Air Force contract, do you need to close more deals of this size to meet your guidance, and how does this contract impact future opportunities? A: Ryan Steelberg stated that the Air Force contract is a significant opportunity that will likely lead to further expansion within the DoD and other agencies. The contract itself presents a substantial growth opportunity, and Veritone has a healthy pipeline that supports their guidance. The visibility and credibility from this contract are expected to facilitate additional opportunities. Q: Can you provide more details on the $20 million VDR pipeline and its translation to revenue? A: Ryan Steelberg explained that the $20 million pipeline is qualified with high visibility over the next 3 to 12 months. VDR has found a strong product-market fit, particularly with hyperscalers and AI model developers. The demand for high-quality training data is significant, and Veritone is well-positioned to capitalize on this opportunity. Q: The full-year guidance was raised, but the non-GAAP net loss was also adjusted. Can you explain the reasons behind this? A: Michael Zemetra, CFO, clarified that the adjustment in non-GAAP net loss is due to margin compression from the rapid growth of VDR. While revenue guidance was raised, the margins on VDR are currently compressed, impacting the net loss forecast. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
31 minutes ago
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Mizuho Raises PT on ICON Public Limited Company (ICLR) to $225; Maintains ‘Outperform' Rating
With a low price-to-earnings multiple and a significant presence in Seth Klarman's investment portfolio, ICON Public Limited Company (NASDAQ:ICLR) earns a spot on our list of the 12 Cheap Value Stocks to Buy Now According to Seth Klarman. A close-up of a clinical trial data report, symbolizing the company's commitment to evidence-based medicine. On July 25, 2025, Mizuho raised its price target on ICON Public Limited Company (NASDAQ:ICLR) from $173 to $225, maintaining an 'Outperform' rating. The price revision is attributed to the company's stronger-than-expected operational metrics. Eliminating earlier fears of a slowdown, its quarterly booking trends remained stable. Furthermore, improved cancellation rates and easing trial delays boosted confidence in the company's execution. Moreover, the analyst feels enhanced earnings visibility for 2026 for ICON Public Limited Company (NASDAQ:ICLR), indicating a stronger growth trajectory, in spite of macro uncertainties in the clinical research market. Thus, the analyst's price revision reflects both the short-term momentum and long-term strategic positioning, increasing the possibility of the company capturing a larger share of clinical trial demand in the coming years. ICON Public Limited Company (NASDAQ:ICLR) executes clinical research globally, offering outsourced development and commercialization services. It is included in our list of cheap value stocks to buy. While we acknowledge the potential of ICLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy Under $3 and Bill Ackman Stock Portfolio: Top 10 Stock Picks. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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32 minutes ago
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Rapaport Press Release: Tariffs Fuel Volatility in Diamond Prices
1-carat RAPI down 1.4% in July. LAS VEGAS, August 06, 2025--(BUSINESS WIRE)--Diamond prices declined for most of July amid uncertainty over US tariffs. Major retailers postponed holiday purchases, creating pressure on prices and inventory following a hike in manufacturing. US dealers raised prices on the final day of the month in response to President Donald Trump's July 30 announcement of 25% duties on Indian imports. The trade began moving inventory to the US ahead of August 7, when the new rate goes into effect. The RapNet Diamond Index (RAPI™) for 1-carat goods — reflecting round, D to H, IF to VS2 diamonds — fell 1.4% in July. Smaller diamonds saw a sharper downturn amid a growing oversupply: The index for 0.30- and 0.50-carat stones declined 3.3% and 4.7% respectively. Larger stones enjoyed more stability, with the 3-carat RAPI slipping 0.3%. Prices of round, 1-carat, D to J, SI diamonds slid 4.6% during the period. RapNet Diamond Index (RAPI™) Index July Year to Date Year on Year Jan. 1 , 2025 to Aug. 1, 2025 Aug. 1 , 2024 to Aug. 1, 2025 RAPI 0.30 ct. 1,132 -3.3% 8.1% 3.1% RAPI 0.50 ct. 1,593 -4.7% -5.2% -9.6% RAPI 1 ct. 4,518 -1.4% -1.8% -8.6% RAPI 3 ct. 17,997 -0.3% -1.5% -5.3% © Copyright 2025, Rapaport USA Inc. Production in India increased from February through June. Steady quantities of fresh goods have entered the market in the past two months. Inventories of rounds under 1.20 carats have risen sharply, prompting suppliers to reduce prices as a way of generating sales. De Beers' policy of offloading rough at slimmer margins enabled manufacturers to sell polished profitably at low prices. De Beers reported an underlying loss of $245 million for the first half of 2025, compared with a $73 million profit a year earlier. Small miners cut output and workers, reflecting pressure on the sector. Demand for elongated fancy shapes remained strong in July. Prices were stable in most categories. Goods of 2 carats and larger were in short supply. Independent US jewelers enjoyed steady sales and took on new memo goods. However, the larger retailers delayed their seasonal purchases because of the tariffs and a more cautious approach to inventory. They are also shifting further toward synthetics. View source version on Contacts Media Contacts: media@ US: Sherri Hendricks +1-702-893-9400International: Avital Engelberg +1-718-521-4976 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
