Ameresco, Lithium Americas, Kodiak Sciences, and Other Major Stocks Rise on Thursday
U.S. Stock Market Overview: U.S. stocks declined, with the Nasdaq Composite dropping over 100 points on Thursday, while several individual stocks saw significant gains.
Ameresco Stock Surge: Ameresco, Inc. shares rose 10.5% to $34.94 after Jefferies upgraded the stock from Hold to Buy and increased its price target from $19 to $39.
Notable Stock Performances: Lithium Americas Corp. and Kodiak Sciences Inc. experienced substantial increases of 16.8% and 16%, respectively, due to positive news and analyst upgrades.
Other Gainers: Several other companies, including Centrus Energy Corp. and NioCorp Developments Ltd., also saw notable stock price increases, reflecting a generally positive trend for select stocks despite the overall market decline.
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Veritone's Impressive Performance in 2025
- Stock Surge: Veritone's shares soared nearly 42% in 2025, driven by strong investor demand for AI stocks, reflecting market confidence in its growth potential.
- Successful Financing: Despite habitual losses, Veritone announced a $10 million direct stock offering in late June, with CEO Ryan Steelberg purchasing $1 million worth, effectively alleviating shareholder dilution concerns.
- Defense Contract: In July, Veritone received 'Awardable' status from the Department of Defense and secured a sole-source contract with the Air Force for its aiWARE and iDEMS platforms, indicating strong appeal in the government sector despite undisclosed contract value.
- Private Sector Success: The final earnings report of 2025 revealed a staggering over 200% year-over-year increase in non-legacy software revenue, boosting overall revenue by 32% to over $29 million, showcasing its competitiveness and product appeal in the private market.

Veritone Signs 27 Agreements, Revenue Up 32% Year-Over-Year
- Agreement Signings: In Q3 of fiscal 2025, Veritone signed 27 commercial agreements, including partnerships with ESPN and NCAA, which not only enhances the company's market recognition but also lays a solid foundation for future revenue growth.
- Public Sector Expansion: The company closed 82 public sector contracts in Q3, with a public sector pipeline valued at $218 million, nearly double the amount from the same quarter last year, indicating strong demand for its technology in government applications.
- Financial Performance Improvement: Revenue rose 32% year-over-year to $29.1 million in Q3, while non-GAAP net loss declined 48% year-over-year to $5.8 million, reflecting the company's successful efforts in high-growth AI software products and cost control.
- Debt Reduction Plan: Veritone plans to pay off 100% of its term debt and 50% of its convertible debt, which is expected to reduce annual debt service costs by $14 million, thereby enhancing financial flexibility and improving market perceptions of its valuation.









