Lovesac, Avidity Biosciences, Veritone, and Other Major Stocks Decline in Thursday's Pre-Market Trading
U.S. Stock Futures: U.S. stock futures are up, with Dow futures increasing by approximately 0.2% on Thursday morning.
Lovesac Co Performance: Lovesac Co's shares fell 13% in pre-market trading after reporting a second-quarter loss of 45 cents per share, which was better than expected, but the company lowered its FY2026 EPS guidance significantly.
Other Stocks Declining: Several other stocks also saw significant declines in pre-market trading, including Avidity Biosciences (down 20.1%) and Veritone, Inc. (down 18.7%), following announcements of stock offerings.
Market Overview: The overall market sentiment appears cautious, with multiple companies experiencing sharp declines in their stock prices amid earnings reports and new offerings.
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- Conference Call Announcement: Veritone will hold a financial results conference call on March 12, 2026, at 5:00 PM ET to discuss its Q4 and full year 2025 financial results, which is expected to attract significant attention from investors and analysts.
- Participation Details: Participants can join the call by dialing the domestic number (844) 750-4897 or the international number (412) 317-5293, with a recommendation to join at least 15 minutes early to avoid delays and ensure smooth participation in the Q&A session.
- Business Update: The call will provide updates on Veritone's business, showcasing how its AI solutions in media, entertainment, and public sectors enhance client efficiency and profitability, further solidifying its market position.
- Platform Advantage: Veritone's aiWARE™ platform integrates machine learning models to transform data into actionable intelligence, demonstrating the company's strategic significance in advancing human potential and solving complex problems.
- Conference Call Announcement: Veritone will hold a financial results conference call on March 12, 2026, at 5:00 PM ET to discuss its Q4 and full-year 2025 financial results, which is expected to attract significant attention from investors and analysts.
- Business Update and Q&A: The call will provide updates on the company's business and include a Q&A session aimed at enhancing interaction with investors, thereby increasing transparency and trust.
- Participation Details: Participants are advised to join at least 15 minutes early to ensure a smooth connection, with Veritone providing various dial-in numbers and live audio webcast links for convenience across different regions.
- Enterprise AI Solutions: Veritone focuses on building human-centered enterprise AI solutions serving various industries, including media, entertainment, and public sectors, aiming to enhance clients' decision-making efficiency and profitability through its leading aiWARE™ platform.
- Market Surge: U.S. stocks rose significantly on Monday, with the Dow Jones index gaining over 350 points, indicating strong investor confidence and potentially attracting more capital into the market.
- Peakstone Realty Trust Price Surge: Shares of Peakstone Realty Trust soared 32.5% to $20.70 on Friday, reflecting positive market sentiment regarding the company's future prospects and the anticipated benefits of the acquisition.
- Acquisition Announcement: Brookfield announced plans to acquire Peakstone Realty Trust in a $1.2 billion all-cash deal, which not only enhances Brookfield's asset portfolio but also signals its strategic intent to expand further in the real estate sector.
- Positive Market Reaction: Following the acquisition news, Peakstone Realty Trust's stock price surged, indicating strong investor confidence in the deal and potentially attracting additional investment into the company.
- 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.
- 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.
- Significant Revenue Growth: Veritone reported a 32% year-over-year revenue increase to $29.1 million in Q3 of fiscal 2025, indicating strong market demand for its AI technology and potential for further stock price appreciation.
- Increased Contract Signings: The company signed 27 commercial agreements in Q3, including partnerships with ESPN and NCAA, enhancing its influence in the media sector and laying a foundation for future revenue growth.
- Public Sector Expansion: Veritone's contracts in the public sector reached 82, nearly doubling from the previous year, demonstrating the reliability and demand for its technology among government agencies, which is expected to provide a stable revenue stream.
- Debt Reduction Plan: The company 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 improving financial flexibility and boosting market confidence.










