Business
Veritone Named to Forbes’ 2021 List of Best Small-Cap Companies in America
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Strong sales growth, along with a 52-week return of more than 550%, earned Veritone a spot on the Forbes ranking.
“Veritone’s growth accelerated as 2020 progressed, and by all indications, that acceleration is continuing into 2021, substantiated by expanded use cases of aiWARE into new verticals, including Energy,” said ROTH Capital Partners Managing Director, Senior Research Analyst Darren Aftahi, who covers Veritone.
Forbes evaluated companies with a market value between $300 million and $2 billion, with positive sales growth over a 12-month period and a share price of at least $5. Forbes ranked the top 100 companies based on earnings and sales growth for the latest 12 months and over five years, one- and five-year returns on equity, and 52-week total return, with greater weight given to the latest 12-month and one-year data.
The Forbes ranking follows a year of significant growth for Veritone and its stock.
In June 2020, Veritone was added as a member of the small-cap Russell 2000® Index and broad-market Russell 3000® Index, as part of the 2020 reconstitution of the Russell indexes. Veritone’s stock was also added to the corresponding Russell growth and value indexes.
The Russell 2000 outperformed the S&P 500 in 2020, and Veritone’s stock was a top performer with 1043% growth for the full year of 2020.
“We’re proud to be growing as a company while advancing our mission to build a safer, more vibrant, transparent and empowered society with AI,” said Chad Steelberg, CEO of Veritone. “From growing our presence in the media and entertainment and government, legal and compliance markets, to launching Veritone Energy, 2020 was a banner year for Veritone and we have even bigger things planned for 2021.”
