Veritone (NASDAQ:VERI)

Today seems like a good day to try to pitch VERI. Ha. Stock is down over 50% from its peak, but I just don't see that the business metrics have changed:

* CEO experienced in bringing distruptive companies up to speed
* Continues to accumulate clients
* Business Wire reports today that VERITONE won the highest honors in Business Intelligence Group annual AI industry awards program...2nd year in a row.
* VERI's smart grid energy solutions AI is a solution to a widespread energy distribution problem
* Q4 earnings beat Wall Street est. (by a penny). Strong 4th quarter.

So, although I bought at a "bad time," I'm hanging in there with my first look evaluation. Time will tell!

They will run a net loss for years more as they become more essential in software for artificial intelligence projects, yet "2021 full-year revenue growth in excess of 40%, at the high end of our range, driven by our SaaS business growing 60% to 65%. In 2020, aiWARE came into its own as a full-fledged distributed intelligent operating system with massive performance, reliability, and deployment improvements."

Price may well dip to $18, but I don't expect it to fall below $10 for longer than half a year because investors start to recognize it as a leader that is so essential to various efforts that some companies would sooner acquire it than lose it.