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.

Earnings data Q1 2021

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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.

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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Volkswagen Integrates Cerence Voice-Powered Interaction with New ID. Light to Enhance the In-Car Experience Volkswagen Integrates Cerence Voice-Powered Interaction with New ID. Light to Enhance the In-Car Experience

Volkswagen Selects Cerence to Power Voice Control in the New Fully Electric ID.3

China’s first smart e-bike features voice-powered interaction from Cerence with a dynamic entertainment experience China’s first smart e-bike features voice-powered interaction from Cerence with a dynamic entertainment experience

Cerence Expands into the Global Two-Wheeler Market; Signs Agreement with 70mai, a member of the Xiaomi MiOT Ecosystem, for its New Smart Electric Scooter

BURLINGTON, Mass., Sept.  14, 2020  (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will host a virtual event to help investors and analysts gain further insight into Cerence’s product and technology leadership on Thursday, September 24, 2020 from 10:00 a.m. to 11:30 a.m. Eastern Time.

Cerence to Host a Virtual Technology Showcase for Analysts and Investors

BURLINGTON, Mass., Sept.  14, 2020  (GLOBE NEWSWIRE) --  Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Evercore ISI New Mobility & AI Forum on Tuesday, September 22, 2020 at 12:00 p.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO.

Cerence to Present at the Evercore ISI New Mobility & AI Forum

BURLINGTON, Mass., Sept.  09, 2020  (GLOBE NEWSWIRE) --  Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Jefferies 2020 Software Conference on Monday, September 14, 2020 at 5:00 p.m. Eastern Time and at the 2020 RBC Capital Markets Global Industrials Conference on Tuesday, September 15, 2020 at 3:40 p.m. Eastern Time. Both conferences will use a fireside chat format featuring Sanjay Dhawan, Cerence CEO.

Cerence to Present at Two Upcoming Investor Conferences

Cerence: Impressive Results, Stock Soars, Still Incredibly Cheap

BURLINGTON, Mass., Aug.  19, 2020  (GLOBE NEWSWIRE) --  Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Raymond James Diversified Industrials Conference on Wednesday, August 26, 2020 at 3:20 p.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO.

Cerence to Present at Raymond James Diversified Industrials Conference

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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q3 2020 Results - Earnings Call Transcript

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

News for Cerence Stock (CRNC)