CRNC - Cerence Non-GAAP EPS of -$0.04 beats by $0.10 revenue of $61.7M beats by $0.97M

August, 08 2023 07:03 AM Cerence Inc.

2023-08-08 07:03:14 ET

Cerence press release ( NASDAQ: CRNC ): Q3 Non-GAAP EPS of -$0.04 beats by $0.10 .
Revenue of $61.7M (-30.7% Y/Y) beats by $0.97M .
For Q4, revenue is expected to be in the range of $72 million to $76 million. GAAP Net Loss is expected to be in the range of ($13) million to ($9) million. Adjusted EBITDA is expected to be in the range of approximately $10 million to $14 million.
For FY2023, the company has raised the low end of the initial guidance with revenue now expected to be in the range of $286 million to $290 million. GAAP Net Loss is expected to be in the range of ($58) million to ($54) million. Adjusted EBITDA is expected to be in the range of approximately $34 million to $38 million.

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