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.

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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.

Headlines Revenue and profitability exceed the high end of the initially guided range for the full fiscal year Five consecutive quarters of strong execution Fourteen strategic design wins in the fiscal year including five competitive winbacks Maintain a leadership position with Cerence penetration staying strong at 54% of global auto production Fine-tuned LLM with Cerence vertical automotive dataset delivered to customers, advancing Destination Next software platform BURLINGTON, Mass., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2023 results for the year ended September 30, 2023.

Cerence Announces Fourth Quarter and Fiscal Year 2023 Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Cerence (CRNC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2023.

Cerence (CRNC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

BURLINGTON, Mass., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2023 on Monday, November 27, 2023 at 7:00 a.m.

Cerence to Announce Fiscal Fourth Quarter and Full Year Results on November 27, 2023

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BURLINGTON, Mass., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the filing of a patent infringement lawsuit against Samsung Electronics Co., Ltd and Samsung Electronics America, Inc. in the United States District Court for the Eastern District of Texas.

Cerence Files Patent Infringement Suit Against Samsung

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Cerence specializes in AI-powered virtual assistant solutions for the transportation industry, focusing on automobiles. CRNC's growth rates are erratic. The Company is barely breaking even on free cash flow and carries more than $150 million of net debt.

Cerence's AI Revolution: Cloudy Road Ahead

Mentz joins Cerence from Amazon and will lead Cerence's global sales and marketing organization, working with customers worldwide to transform the in-car experience Mentz joins Cerence from Amazon and will lead Cerence's global sales and marketing organization, working with customers worldwide to transform the in-car experience

Cerence Names Accomplished Automotive Technology Executive Christian Mentz as Chief Revenue Officer

Cerence offers AI-powered virtual assistants for the mobility and transportation market, with a strong portfolio of automotive customers. The company has demonstrated solid revenue growth, with a strong gross margin and commitment to innovation. The stock is currently undervalued and has outperformed the broader market year-to-date.

Cerence: Upside Potential Outweighs Risks And Uncertainties

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Cerence Inc. (NASDAQ:CRNC ) Q3 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Rich Yerganian - Senior Vice President of Investor Relations Stefan Ortmanns - Chief Executive Officer and Director Tom Beaudoin - Chief Financial Officer Iqbal Arshad - Chief Technology Officer Conference Call Participants Colin Langan - Wells Fargo Luke Junk - Baird Nick Doyle - Needham Operator Good day, and thank you for standing by. Welcome to the Cerence Quarter Three 2023 Earnings Call.

Cerence Inc. (CRNC) Q3 2023 Earnings Call Transcript

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

Compared to Estimates, Cerence (CRNC) Q3 Earnings: A Look at Key Metrics

Cerence (CRNC) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.43 per share a year ago.

Cerence (CRNC) Reports Q3 Loss, Tops Revenue Estimates

Headlines On track to achieve full fiscal year revenue guidance Strategic wins for connected services for a major Japanese OEM and Emergency Vehicle Detection for a major Korean OEM's ADAS platform Two-wheeler design win for major Japanese brand; four two-wheeler manufacturers start production (SOP) Successful convertible note offering leading to approximately $8 million in annual interest expense savings BURLINGTON, Mass., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its third quarter fiscal year 2023 results for the quarter ended June 30, 2023.

Cerence Announces Third Quarter Fiscal Year 2023 Results

BURLINGTON, Mass., July 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2023 on Tuesday, August 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fiscal Third Quarter Results on August 8, 2023

CVNet is first customer to leverage new innovation from Cerence for smart home control CVNet is first customer to leverage new innovation from Cerence for smart home control

Cerence Introduces Low-Footprint Product Suite Designed Specifically for IoT Applications

Cerence (CRNC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -10.29% in 4 Weeks, Here's Why You Should You Buy the Dip in Cerence (CRNC)

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Are Computer and Technology Stocks Lagging Cerence (CRNC) This Year?

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Cerence has both positive and negative aspects, with signs of a turning quarter and future growth potential. The stock is not attractively priced, and there is a high level of optimism regarding fiscal 2024 profitability. While revenue growth rates are expected to improve, concerns remain about profitability and the decision to raise capital through convertible debt.

Cerence: Revolutionizing The Road With AI Assistants

Here is how Cerence (CRNC) and Evolv Technologies Holdings, Inc. (EVLV) have performed compared to their sector so far this year.

Is Cerence (CRNC) Stock Outpacing Its Computer and Technology Peers This Year?

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BURLINGTON, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today the pricing of $190.0 million aggregate principal amount of 1.50% convertible senior notes due 2028 (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 $20.0 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to close on June 26, 2023, subject to customary closing conditions.

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