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, the leading provider of automotive voice assistant technology, is poised to benefit as car sales rebound in 2021, an analyst says. Cerence stock hit a record high on Wednesday.

IBD 50 Stock Cerence Has 'White Hot Momentum' Heading Into 2021

Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles

Cerence Receives Funding from Germany's Federal Ministry for Economic Affairs and Energy to Drive Innovation in Automotive Assistants for Autonomous Cars

Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization

Cerence Powers Voice and AI-Driven Features in Next-Generation Mercedes-Benz User Experience (MBUX)

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This investment is very much worthwhile considering. The market is wrong on this investment, as Cerence is growing faster than investors predicted.

Cerence: Cheaply Valued Car Infotainment License Business

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BURLINGTON, Mass., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that executives from the Company will participate in upcoming industry events and conferences with a focus on shifting business models in the mobility landscape as we approach 2021. Upcoming events include:

Cerence Executives to Present on New Automotive Business Models at Upcoming Industry Events

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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2020 Results - Earnings Call Transcript

The automotive artificial intelligence specialist reported strong quarterly results.

Why Cerence Stock Is Soaring Today

Shares of Cerence (NASDAQ:CRNC) rose 0.6% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 18.67% over the past year to $0.61, which beat the estimate of $0.34.

Cerence: Q4 Earnings Insights

Fourth Quarter and Fiscal Year Highlights

Cerence Announces Record Fourth Quarter and Fiscal Year 2020 Results

BURLINGTON, Mass., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Cere n ce Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and full fiscal year 2020 financial results for the year ended September 30, 2020 on Monday, November 16, 2020 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fourth Quarter and Full Fiscal Year Results on November 16, 2020

Commitment and donation to education, experiential learning and career development to advance a STEM-empowered workforce Commitment and donation to education, experiential learning and career development to advance a STEM-empowered workforce

Cerence Drives STEM Learning and Mobility Innovation with the SAE Foundation

BURLINGTON, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Gabelli 44th Annual Automotive Aftermarket Symposium on Monday, November 2, 2020 at 10:30 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO.

Cerence to Present at Gabelli 44th Annual Automotive Aftermarket Symposium

Cerence, the leading provider of automotive voice assistant technology, is showing strong momentum as it continues to rack up design wins in the face of rising competition. The post Automotive Voice Assistant Leader Cerence Holds Off Rivals appeared first on Investor's Business Daily.

Automotive Voice Assistant Leader Cerence Holds Off Rivals

Needham has initiated coverage on Cerence with a buy rating.

Is Cerence Stock Headed to $82?

Large Chinese automaker to deliver industry-leading automotive assistant leveraging Cerence ARK and PATEO head unit Large Chinese automaker to deliver industry-leading automotive assistant leveraging Cerence ARK and PATEO head unit

Dongfeng Motor Selects Cerence and PATEO to Advance Next-Generation In-Car Voice Assistant

BURLINGTON, Mass., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has received its International Organization for Standardization ( ISO ) 27001 certification for the Company, including its conversational AI and automotive assistant products. ISO 27001 is a widely known and internationally recognized family of standards that provides requirements for information security management, demonstrating Cerence’s commitment to data security for its customers and their drivers.

Cerence Achieves ISO 27001 Certification, Underscores Commitment to Information Security

BURLINGTON, Mass., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that NIO, a pioneer in China’s premium smart electric vehicle market, has selected Cerence for collaboration to deploy voice technologies in its products. Cerence delivers its industry-leading automotive voice innovations in a flexible and advanced architecture.

NIO Selects Cerence for Collaboration on Voice Technologies

Company signs largest-ever Cerence Swype contract with major European automaker Company signs largest-ever Cerence Swype contract with major European automaker

Cerence Reinvigorates Cerence Swype Keyboard for Automotive Applications

Automaker deploys Cerence Drive’s voice-powered AI to deliver superior experience to electric SUV drivers in China Automaker deploys Cerence Drive’s voice-powered AI to deliver superior experience to electric SUV drivers in China

Beijing Electric Vehicle (BJEV) Selects Cerence for an Intelligent Voice Assistant in ARCFOX’s First Electric SUV: αT

Voice-powered contextual car status and in-vehicle education drive vehicle sales and brand loyalty Voice-powered contextual car status and in-vehicle education drive vehicle sales and brand loyalty

Cerence Expands Car Life Suite to Improve the Car Buying Experience and Enhance the Ownership Lifecycle

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