My thoughts
Hey guys, just wanted to share my own thoughts on Veritone ($VERI) since they quietly launched a new product today (June 25) called Veritone Assess.
It’s basically an AI built for law enforcement and investigators that can screen thousands of pages of old case files, transcripts, and evidence in minutes, finding contradictions or leads that humans miss.
The stock is currently sitting near all-time lows around $1.35 because of the noise around the shareholder lawsuits regarding past accounting restatements. The market is completely ignoring today's launch, but here is why I personally like this setup for the end of the year:
The Security Moat: Standard AI startups can’t easily sell to the police or military because they lack strict federal security clearances (FedRAMP). Veritone already has them, meaning this new tool is cleared to target government budgets right away.
Confirmed Guidance: Despite the legal cloud, management recently re-confirmed they are still on track for $130M–$145M in revenue for 2026. To me, it shows the core business is still moving forward.
The Legal Timeline: Once the lawsuit filing deadlines pass in July and the uncertainty settles down (as these things usually do), I think the market might start looking at the actual tech again.
I'm just accumulating a small position at these levels and planning to hold until Q4 to see if they can convert this new tool into a couple of solid government contracts. If they do, the current price could look like a decent entry point in hindsight.
Just sharing my own thesis here. Definitely do your own research, as the legal risks are obviously real. What are your thoughts on their government tech play?