diff --git a/api/app/signals/__init__.py b/api/app/signals/__init__.py
index 0a7af1fd2..680d8c879 100644
--- a/api/app/signals/__init__.py
+++ b/api/app/signals/__init__.py
@@ -16,12 +16,12 @@
 # `/signals/v1/...` will always have major API version number `1`.
 
 # Application version (Major, minor, patch)
-VERSION = (0, 7, 1)
+VERSION = (0, 7, 0)
 
 # API versions (Major, minor, patch)
 API_VERSIONS = {
     'v0': (0, 1, 1),
-    'v1': (1, 2, 1),
+    'v1': (1, 2, 0),
 }
 
 __version__ = get_version(VERSION)