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.

The automotive technology specialist reported strong fiscal third-quarter results.

Why Cerence Stock Skyrocketed Today

Cerence Announces Third Quarter 2020 Results

Cerence Reader, Based on Groundbreaking Neural TTS Innovations, Has Unique Ability to Predict and Adjust Tone and Reading Style for Expression Cerence Reader, Based on Groundbreaking Neural TTS Innovations, Has Unique Ability to Predict and Adjust Tone and Reading Style for Expression  

Cerence Introduces Cerence Reader, a “Breathtaking,” Human-Like Virtual Newscaster for the Car    

BURLINGTON, Mass., July  30, 2020  (GLOBE NEWSWIRE) --  Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, today launched Cerence Pay, a new product that delivers a secure, contactless payment experience in the car through voice-powered AI. Cerence Pay is designed to anticipate drivers’ needs and provide a seamless payment transaction from intent to authentication via voice and facial biometrics and through to purchase. The company is currently working with Audi on a joint project to build Cerence Pay into future Audi head units.

Cerence Introduces Cerence Pay for Secure, Voice-Powered Payments in the Car as Contactless Payment Demand Soars

Cerence: Cheaply Valued In-Car Infotainment Stock, Check This Out

The automotive artificial intelligence company completes its restructuring plan.

Cerence Will Save Millions After Debt Refinancing

BURLINGTON, Mass., June  15, 2020  (GLOBE NEWSWIRE) --  Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, today announced that the Company has successfully completed the refinancing of its senior secured term loan B and revolving credit facility through a combination of proceeds from the recent sale of $175 million 3% convertible senior notes due 2025 and a new $125 million senior secured term loan A credit facility. The Company expects to realize significant interest savings as a result of the successful completion of its debt refinancing. 

Cerence Announces the Successful Completion of Its Debt Refinancing

Cerence: Secular Growth Opportunity In Automotive AI Market

Enhanced developer platform provides the tools and services to put OEMs and third-party developers in the driver’s seat for creating unique user experiences Enhanced developer platform provides the tools and services to put OEMs and third-party developers in the driver’s seat for creating unique user experiences

Cerence Studio Puts Custom Voice-Driven AI Innovations into the Hands of Developers Around the World

Cerence: There Is Still Much Upside Left In This Automotive-Focused AI Company

Cowen boosted its price target on Cerence, citing the rise of connected cars.

Why Cerence Stock Popped to Record Highs

BURLINGTON, Mass., May  29, 2020  (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today the pricing of $150.0 million aggregate principal amount of 3.00% convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence granted the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes. The sale is expected to close on June 2, 2020, subject to customary closing conditions.

Cerence Inc. Prices Offering of $150 Million 3.00% Convertible Senior Notes due 2025

Shareholders never like seeing their positions diluted by new shares.

Here's Why Cerence Stock Crashed on Thursday

The automotive artificial intelligence specialist had been waiting for market conditions to improve.

Cerence Pulls the Trigger on Restructuring Debt

BURLINGTON, Mass., May  27, 2020  (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence expects to grant the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes.

Cerence Inc. Announces Proposed Offering of $150 Million Convertible Senior Notes

Enhanced Natural Language Understanding and Text-to-Speech Bring More Emotive, Human Voice to the In-Car Assistant for Select Audi Models Enhanced Natural Language Understanding and Text-to-Speech Bring More Emotive, Human Voice to the In-Car Assistant for Select Audi Models

Cerence Continues Long-Term Partnership with Audi to Deliver Conversational AI for the Automaker’s Next-Generation Voice Assistant

Cerence, Inc. (CRNC) CEO Sanjay Dhawan on Q2 2020 Results - Earnings Call Transcript

Brings its most innovative voice recognition capabilities to FCA model lineup,  delivering more engaging and intuitive in-car experiences Brings its most innovative voice recognition capabilities to FCA model lineup,  delivering more engaging and intuitive in-car experiences

Cerence Powers Voice for All-New Uconnect 5 Global Infotainment Platform  at FCA

Contract marks a significant design win for Cerence ARK, a new, turnkey voice assistant gaining momentum in key markets Contract marks a significant design win for Cerence ARK, a new, turnkey voice assistant gaining momentum in key markets

Geely’s China Euro Vehicle Technology Selects Cerence ARK to Bring AI-Powered Auto Experience to Geely Car Models

Global leader in mobility assistants draws on decades of expertise to deliver in-car experiences that will drive user adoption, engagement and loyalty for car makers Global leader in mobility assistants draws on decades of expertise to deliver in-car experiences that will drive user adoption, engagement and loyalty for car makers

Cerence Expands Portfolio; Introduces New Cerence UX Services to Help Automakers Deliver Powerful and Compelling User Experience

$125 million contract with large European OEM is significantly higher than prior contracts for Cerence $125 million contract with large European OEM is significantly higher than prior contracts for Cerence

Cerence Signs Largest Contract in Its History for Voice- and AI-based Automotive Assistants

AMSTERDAM and BURLINGTON, Mass., Feb.  24, 2020  (GLOBE NEWSWIRE) --  Cerence Inc. , the global industry leader in creating unique, moving experiences for the automotive world, and  HERE Technologies , a global leader in mapping and location platform services, today announced that they have teamed up to integrate HERE location intelligence with the Cerence Drive portfolio to bring advanced AI-powered mobility assistant offerings to the automotive industry.

HERE and Cerence bring more personalized, contextualized in-car experiences to drivers worldwide

Cerence (CRNC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Cerence (CRNC) a New Buy Stock

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q1 2020 Results - Earnings Call Transcript

News for Cerence Stock (CRNC)