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On June 5, 2025, Viant Technology Inc., a company specializing in computer programming and data processing services with a market capitalization of $890 million, held its annual meeting of stockholders, where key decisions regarding the election of a director and the ratification of an independent auditor were made. According to InvestingPro analysis, the company maintains a strong financial health score and is currently trading below its Fair Value. The Irvine, California-based company, known under the ticker (NASDAQ:DSP), reported high stockholder participation, with approximately 95.02% of the voting power present in person or represented by proxy. The company has demonstrated strong market performance with a 54.5% return over the past year, despite recent market volatility.
The stockholders elected Max Valdes as a Class I director to serve on the company’s board until the 2028 annual meeting. Valdes secured his position with a significant majority, receiving 52,543,634 votes in favor, 2,063,463 votes withheld, and no broker non-votes affecting the outcome.
Additionally, the stockholders ratified the selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This decision was nearly unanimous, with 59,410,202 votes for, 349,193 against, and only 992 abstentions.
This 8-K filing, submitted to the Securities and Exchange Commission on June 9, 2025, confirms the decisions taken at the annual meeting, reflecting the stockholders’ continued trust in the company’s leadership and financial oversight. The results indicate a strong stockholder alignment with the board’s recommendations and confidence in the company’s governance practices. With a healthy current ratio of 2.7 and robust cash position, InvestingPro data reveals 11 additional key insights about Viant’s financial outlook, available exclusively to subscribers.
In other recent news, Viant Technology Inc. reported impressive financial results for the first quarter of 2025, with earnings per share of $0.03, surpassing analysts’ expectations of a $0.07 loss. The company’s revenue reached $70.6 million, significantly exceeding the anticipated $41.58 million, marking a 32% year-over-year increase. Adjusted EBITDA also saw a 76% rise to $5.4 million. In addition to the financial updates, Viant Technology announced the appointment of Brett Wilson to its board of directors, highlighting his extensive experience in adtech and AI sectors. This move aligns with the company’s strategic vision to leverage AI-driven solutions in the advertising industry. Meanwhile, Scotiabank (TSX:BNS) adjusted Viant’s stock price target to $26, down from $27, but maintained a Sector Outperform rating, citing the company’s robust second-quarter guidance. The firm noted Viant’s strong positioning in the connected TV (CTV) market and the potential for continued growth. These developments underscore Viant Technology’s ongoing efforts to strengthen its leadership and expand its influence in the programmatic advertising space.
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