Veritone reported QQ4 2024 revenue of $22.43 million, down 34.4% year over year and up 2.0% quarter over quarter. The quarter showcased a strong gross margin of about 70.2%, with gross profit of $15.75 million, but operating metrics remained structurally weak as the company posted an operating loss of $19.68 million and an EBITDA loss of $10.32 million. Management commentary on the earnings call (not included in the provided transcript) would be essential to confirm one-time items versus ongoing costs; the presence of a reported net income of $31.79 million contrasts with the operating loss and suggests unusual items or accounting effects, warranting careful reconciliation. Net income margin appears positive at 1.42%, while earnings per share show a negative headline of $0.91, indicating potential inconsistencies in per-share accounting or share count adjustments in the period. Free cash flow was negative at $1.46 million, and net cash provided by operating activities was a modest negative $0.50 million, underscoring ongoing cash-burn dynamics. The balance sheet shows meaningful leverage, with total debt of $119.9 million and net debt of approximately $103.0 million, alongside substantial intangible assets and goodwill. Cash and cash equivalents stood at $16.9 million at period end, resulting in liquidity challenges given a current ratio near 1.0 and a tight liquidity runway. Overall, Veritone’s QQ4 2024 results reflect a company with a high-margin AI platform that yet faces outsized operating costs and balance-sheet leverage, requiring improved revenue scaling and cost discipline to sustain earnings quality and cash generation going forward.