Cerence

Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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Cerence surpasses Q1 expectations, eyes future automotive trends for growth

Cerence delivered a strong Q1 performance, exceeding guidance and showcasing strength in core auto business and connected services.
While facing challenges with semiconductor shortages, the company remains focused on innovation, cost savings, and driving long-term sustainable growth.
Investors are keen on underlying metrics reflecting growth potential and are optimistic about future revenue opportunities from evolving automotive trends.
Cerence's strategic focus on execution, innovation, and competitiveness positions it well for continued success and growth in the market.

Cerence beats Q2 revenue expectations, focuses on AI innovation

Cerence delivered a strong performance in Q2, exceeding revenue guidance and demonstrating operational excellence. While facing challenges in certain revenue segments, the company's strategic wins and focus on AI technologies present promising opportunities for growth. Cerence's financial position remains solid, with healthy cash flow and a strong balance sheet.

Cerence reports solid Q3 performance, eyes growth through AI innovation

Cerence delivered strong Q3 results with revenue meeting guidance and notable profitability metrics. The company's focus on AI innovation, global market expansion, and debt restructuring positions it for growth. Strategic wins and emphasis on new business underscore long-term success strategies.

Cerence surpasses Q4 revenue expectations, navigates strategic shifts

Cerence's Q4 performance exceeded expectations, with a strong revenue outlook for FY '24.
Strategic wins in automotive and generative AI space position Cerence for future growth.
Challenges in fixed contracts and revenue stabilization require strategic adjustments.
Opportunities lie in product diversification, upselling, and process improvements for growth.

Cerence surpasses Q1 revenue expectations, eyes growth through strategic partnerships

Cerence's Q1 2024 performance exceeded expectations, showcasing strong revenue and profitability metrics.
Strategic partnerships with industry leaders and market traction in key regions highlight Cerence's competitive edge.
While challenges like revenue guidance and market dynamics persist, Cerence's focus on innovation and global presence bode well for future growth.

Cerence (CRNC) surpasses Q2 revenue targets, eyes growth opportunities

Cerence (CRNC) demonstrated resilience in Q2 with revenue exceeding expectations and a focus on core automotive business strengthening.
While facing challenges such as backlog reduction and revenue fluctuations, the company remains agile and anticipates growth opportunities.
Strategic initiatives, financial stability, and market adaptability position Cerence (CRNC) for sustainable growth and market leadership in the AI automotive sector.

Cerence beats Q4 revenue targets and aims for profitability in 2025

Cerence delivered strong financial performance in Q4 2024, exceeding revenue and EBITDA expectations.
The company's focus on innovation, cost reduction, and profitability sets a positive trajectory for fiscal year 2025.
Challenges lie in returning to profitability and maintaining market momentum amidst competition and disruptions.
Opportunities for growth exist through operational streamlining, new product offerings, and revenue expansion strategies.

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Cerence, Inc. engages in building artificial intelligence-powered virtual assistants for the mobility and transportation market. Its products include core technologies, apps and multi-modality, audio AI, adjacent markets, professional services and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

Cerence's (CRNC) fiscal fourth-quarter performance benefits from strength in the Licence and Professional Services segments.

Cerence (CRNC) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2021 Results - Earnings Call Transcript

Cerence (CRNC) delivered earnings and revenue surprises of 20% and 0.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Q4 Earnings Surpass Estimates

Cerence Inc (NASDAQ: CRNC) reported fourth-quarter FY21 revenue growth of 7.5% year-on-year to $98.1 million. Non-GAAP EPS of $0.66 beat the consensus of $0.56.

Cerence Shares Plunge As It Issues Q1, FY22 Outlook Below Consensus

Fourth Quarter and Fiscal Year Highlights

Cerence Announces Fourth Quarter and Fiscal Year 2021 Results

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Cerence's (CRNC) fiscal Q4 performance is likely to reflect benefits from using AI to design applications for advanced driver-assisted systems in self-driving vehicles.

Cerence (CRNC) to Report Q4 Earnings: What's in the Cards?

BURLINGTON, Mass., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) report, which outlines the company's ESG performance and strategy and its commitments to its customers and partners, employees, and stakeholders. The report can be found at https://cerence.com/sustainability.

Cerence Releases Inaugural Environmental, Social, and Governance (ESG) Report

BURLINGTON, Mass., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and full fiscal year 2021 financial results for the year ended September 30, 2021 on Monday, November 22, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.

Cerence to Announce Fourth Quarter and Full Fiscal Year Results on November 22, 2021

Cerence (CRNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Cerence (CRNC) Q4 Earnings Expected to Decline

BURLINGTON, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Gabelli 45th Annual Automotive Symposium on Tuesday, November 2, 2021, at 5:00 p.m. Eastern Time. The format for the presentation will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the Gabelli 45th Annual Automotive Symposium

RBC Capital analyst Joseph Spak upgraded Cerence Inc (NASDAQ:CRNC) to Outperform from Sector Perform with a price target of $110, down from $112, implying a 28.24% upside.  The selloff in the stock related to auto concerns and SaaS/software decline looks "overdone," Spak notes.

Why This Analyst Sees 28% Upside In Cerence?

Cerence continues to execute well, and is seeing strong adoption trends. It has strategic partnerships in place, and expansion into the two-wheeler market presents another growth avenue.

Cerence: Buy The Drop On This Fast Grower

Transforming on-the-go commerce for drivers, Cerence Pay is recognized for superior innovation, technological advancement. and business performance Transforming on-the-go commerce for drivers, Cerence Pay is recognized for superior innovation, technological advancement. and business performance

Cerence Wins Prestigious 2021 Automotive News PACE Award for Cerence Pay, its In-Car Payment Product

BURLINGTON, Mass., Sept. 17, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) today announced that it has applied to the Autorité des marchés financiers (“AMF”) for an order (the “Requested Order”) to cease to be a reporting issuer under the securities law of Québec, the only jurisdiction in Canada in which it is currently a reporting issuer.

Cerence Inc. Files Application to Cease to Be a Reporting Issuer in Canada

BURLINGTON, Mass., Sept. 15, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Evercore ISI Autotech & AI Forum on Tuesday, September 21, 2021, at 2:00 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Mark Gallenberger, Cerence CFO, and Rich Yerganian, Vice President of Investor Relations.

Cerence to Present at the Evercore ISI Autotech & AI Forum

BURLINGTON, Mass., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Jefferies Virtual Software Conference on Tuesday, September 14, 2021 at 11:00 a.m. Eastern Time. The format for the conference will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the Jefferies Virtual Software Conference

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BURLINGTON, Mass., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on Thursday, September 9, 2021 at 10:40 a.m. Eastern Time and the 2021 RBC Capital Markets Global Industrials Virtual Conference on Friday, September 10, 2021 at 8:40 a.m. Eastern Time. The format for both conferences will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference and the 2021 RBC Capital Markets Global Industrials Virtual Conference

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Cerence Inc (NASDAQ: CRNC) reported third-quarter FY21 revenue growth of 28.7% year-on-year to $96.8 million, beating the analyst consensus of $96.3 million. Segments: Revenue from License grew 54% Y/Y to $49.98 million, Connected services increased 19.3% Y/Y to $30.3 million, and Professional services declined 4.7% Y/Y to $16.5 million.

Cerence Beats On Q3 Earnings, Notes Margin Expansion, 13% Billings Per Car Growth

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q3 2021 Results - Earnings Call Transcript

Shares of Cerence (NASDAQ:CRNC) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share were up 100.00% over the past year to $0.62, which beat the estimate of $0.54.

Recap: Cerence Q3 Earnings

Cerence Announces Strong Third Quarter 2021 Results

Cerence's (CRNC) fiscal Q3 results are likely to reflect benefits from increased usage of artificial intelligence to design robust applications for advanced driver-assisted systems in self-driving vehicles.

News for Cerence Stock (CRNC)