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.

BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.

Cerence Announces Equity Grant to Employee Under Inducement Plan

Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue growth in FY 2024, supported by several catalysts, such as NVIDIA and Microsoft partnerships and strong product adoptions.

Cerence: Poised For Rebound With Strong Pipeline

BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.

Cerence Names Daniel Tempesta as Chief Financial Officer

BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 in Orlando, FL and at the Morgan Stanley Technology, Media and Telecom Conference on March 7 in San Francisco, CA.

Cerence Announces Its Participation at Two Upcoming Investor Conferences

Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cerence (CRNC) Reports Q1 Earnings: What Key Metrics Have to Say

Cerence (CRNC) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.36 per share a year ago.

Cerence (CRNC) Q1 Earnings and Revenues Beat Estimates

Headlines Revenue and profitability exceed the high end of guidance, leading to six quarters of strong execution Announced AI partnerships with NVIDIA and Microsoft Maintained a leadership position, with Cerence penetration staying strong at 54% of global auto production New business included a win-back for a large Japanese OEM, a program extension for a major North America OEM, and a major win in AIoT for a wearable product BURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its first quarter fiscal year 2024 results for the quarter ended December 31, 2023.

Cerence Announces First Quarter Fiscal Year 2024 Results

Evaluate the expected performance of Cerence (CRNC) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Insights Into Cerence (CRNC) Q1: Wall Street Projections for Key Metrics

BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m.

Cerence to Announce Fiscal First Quarter Results on February 6, 2024

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Cerence (CRNC) drives innovation with Skoda, integrating Cerence Chat Pro for an intelligent, hands-free, in-car assistant experience.

Cerence (CRNC) Boosts Skoda's In-Car Experience With Chat Pro

BURLINGTON, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced it will provide generative AI features for Škoda, a Volkswagen Group brand.

Cerence and Škoda Elevate the In-Vehicle Experience with Cerence Chat Pro

Cerence (CRNC) is benefiting from an expanding clientele driven by a strong portfolio and robust network of partners in the automotive industry.

Cerence (CRNC) Rides on Strong Clientele & Solid Partner Base

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Cerence (CRNC) and Volkswagen join forces to redefine in-car AI, introducing Cerence Chat Pro for a smarter, more engaging driving experience.

Cerence (CRNC) Strengthens Auto Tech With In-Car ChatGPT

Cerence Inc. today announced that Great Wall Motor Company has selected Cerence to power the in-car experience across its lineup as it expands worldwide.

Great Wall Motor Selects Cerence to Power In-Car Experience as Automaker Expands Globally

GOTHENBURG, Sweden & BURLINGTON, Mass.--(BUSINESS WIRE)--Smart Eye, the global leader in Human Insight AI, and Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that they will showcase a new collaboration at CES 2024, bringing emotional awareness to in-car assistants and enabling automakers to deliver more immersive and personalized experiences that enhance safety, comfort, and entertainment. With a deep focus on human behavior, industry-leading AI expertise and decades of.

Smart Eye and Cerence to showcase emotionally aware in-car assistant, further advancing the AI-powered immersive companion

LAS VEGAS and BURLINGTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, and Volkswagen, one of the world's largest automakers, today announced that they are partnering to deliver a uniquely intelligent, automotive-grade ChatGPT integration to Volkswagen drivers.

Volkswagen and Cerence Collaborate to Bring New, Generative AI-Powered Interaction to Drivers

Cerence (CRNC) and Microsoft join forces, enhancing in-car experiences with Cerence Assistant and ChatGPT on Microsoft Azure.

Cerence (CRNC) Benefits From Expanding Clientele, Partner Base

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Cerence (CRNC), in collaboration with NVIDIA, has developed CaLLM to build its next-generation in-car computing platform.

Cerence (CRNC) Launches CaLLM in Collaboration With NVIDIA

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Cerence (CRNC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Cerence (CRNC) Might be Well Poised for a Surge

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News for Cerence Stock (CRNC)