CRNC - Cerence Non-GAAP EPS of $0.36 beats by $0.27 revenue of $83.65M beats by $7.04M

• Cerence press release ( NASDAQ: CRNC ): Q1 Non-GAAP EPS of $0.36 beats by $0.27 .
• Revenue of $83.65M (-11.4% Y/Y) beats by $7.04M .

• For the fiscal quarter ending March 31, 2023, revenue is expected to be in the range of $64 million to $68 million. Adjusted EBITDA is expected to be in the range of approximately $1 million to $4 million.

  For the full fiscal year ending September 30, 2023, the company has raised the low end of the initial guidance with revenue now expected to be in the range of $275 million to $290 million. Adjusted EBITDA is expected to be in the range of approximately $27 million to $34 million.

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