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.

There are significant benefits to adopting connectivity and voice assistant in automotives that benefits consumers and OEMs. CRNC's strong relationship with OEMs is a strong barrier to entry.

Cerence: Connectivity Meets Automotive

BURLINGTON, Mass., Jan. 26, 2023 (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, 2022 on Wednesday, February 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fiscal First Quarter Results on February 8, 2023

BURLINGTON, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 25th Annual Needham Growth Conference in New York City on Tuesday, January 10, 2023 at 9:30 a.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Cerence CEO, Stefan Ortmanns, and Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the 25th Annual Needham Growth Conference

Cerence latest FY23 guidance update falls short of expectations. The mid-term growth outlook is compelling, but rests on unproven new markets.

Cerence: Fade The Ambitious New Mid-Term Targets

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BURLINGTON, Mass., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Raymond James Technology Investors Conference in New York City on Tuesday, December 6, 2022 at 1:40 p.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the Raymond James Technology Investors Conference

Delivered strong full fiscal new bookings at $684M, up 16% year over year

Cerence Announces Fourth Quarter and Fiscal Year 2022 Results

BURLINGTON, Mass., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and fiscal year financial results for the quarter ended September 30, 2022 on Tuesday, November 29, 2022 at 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time.

Cerence to Announce Fourth Quarter and Fiscal Year 2022 Results and Host an Investor Day on November 29

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Schanz to lead product strategy and customer delivery after fifteen years at Daimler Schanz to lead product strategy and customer delivery after fifteen years at Daimler

Automotive Industry Leader and AI Luminary Nils Schanz Named Chief Product Officer at Cerence

BOULOGNE-BILLANCOURT, France and BURLINGTON, Mass., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) and Renault Group today announced they have signed a multi-year agreement to build the automaker's next-generation co-pilot.

Renault and Cerence sign multi-year agreement to create next-gen, humanized co-pilot for an enhanced electric vehicle experience

Cerence and RV technology leader WFCO will unite their respective conversational AI and RV innovations to enhance safety, comfort and productivity Cerence and RV technology leader WFCO will unite their respective conversational AI and RV innovations to enhance safety, comfort and productivity

Cerence and WFCO Partner to Develop Intuitive, AI-Powered RV Cabin Experience

New Cerence offering creates new use cases and will be critical for the autonomous car user experience New Cerence offering creates new use cases and will be critical for the autonomous car user experience

Cerence Brings Industry-Leading Voice Technologies Outside the Car with Cerence Exterior Vehicle Communication

Cerence Assistant, now supported on the NVIDIA DRIVE platform, enables AI-powered connected car platforms that will fuel future mobility experiences Cerence Assistant, now supported on the NVIDIA DRIVE platform, enables AI-powered connected car platforms that will fuel future mobility experiences

Cerence Teams with NVIDIA to Advance the Connected, Digital Automotive Cockpit

Per the latest deal with the Chinese motorcycle and all-terrain vehicles company, CFMOTO, Cerence (CRNC) is going to provide Cerence Ride conversational AI platform to enhance rider safety and experience.

Cerence (CRNC) to Offer Mobility Platform to China's CFMOTO

BURLINGTON, Mass., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 14, 2022 at 7:30 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the Goldman Sachs Communacopia + Technology Conference

BMW Group chooses Cerence AI and voice innovations for its new digital cabin experience, available first in the BMW 7 Series and BMW i7 in Fall 2022 BMW Group chooses Cerence AI and voice innovations for its new digital cabin experience, available first in the BMW 7 Series and BMW i7 in Fall 2022

Top Automaker Selects Cerence to Power New, Enhanced Intelligent Personal Assistant

BURLINGTON, Mass., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 2nd Annual Evercore ISI Technology Conference on Wednesday, September 7, 2022, at 8:00 a.m. Eastern Time. The format for the conference will be a fireside chat featuring Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the 2nd Annual Evercore ISI Technology Conference

New AI-powered offering brings connectivity and intelligence to enhance safety, convenience, security, and peace of mind for drivers New AI-powered offering brings connectivity and intelligence to enhance safety, convenience, security, and peace of mind for drivers

Cerence Transforms Any Car Into a Smart, Connected Car with Cerence Link

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Cerence Inc. (“Cerence”) (NASDAQ: CRNC) breached their fiduciary duties to Cerence and its shareholders. If you are a Cerence shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Cerence Inc.'s Directors and Officers for Breach of Fiduciary Duties – CRNC

As the work-from-anywhere movement continues, Cerence harnesses and integrates the power of Microsoft's communication and productivity tools with Cerence's AI-powered, voice-first, in-vehicle experiences As the work-from-anywhere movement continues, Cerence harnesses and integrates the power of Microsoft's communication and productivity tools with Cerence's AI-powered, voice-first, in-vehicle experiences

Turning Drive Time into Thrive Time: Cerence Collaborates with Microsoft to Bring Teams to On-the-Go Professionals in Their Cars

Lackluster third-quarter financial results and weak guidance sent the stock downward.

Why Cerence Stock Is Falling Hard Today

Cerence Inc. (NASDAQ:CRNC ) Q3 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Rich Yerganian – Senior Vice President-Investor Relations Stefan Ortmanns – Chief Executive Officer Tom Beaudoin – Chief Financial Officer Conference Call Participants Luke Junk – Baird Joseph Spak – RBC Capital Markets Mark Delaney – Goldman Sachs Colin Langan – Wells Fargo Nicholas Doyle – Needham & Company Gavin Kennedy – Jefferies Jeff Van Rhee – Craig-Hallum Operator Good day and thank you for standing by. Welcome to the Cerence Q3 2022 Earnings Conference Call.

Cerence Inc's (CRNC) CEO Stefan Ortmanns on Q3 2022 Results - Earnings Call Transcript

Cerence (CRNC) delivered earnings and revenue surprises of 2.38% and 2.51%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Q3 Earnings Beat Estimates

Delivered strong performance in core automotive business

News for Cerence Stock (CRNC)