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home / news releases / CRNC - Cerence reports mixed FQ3 earnings; narrows FY22 guidance and issues Q4 outlook

CRNC - Cerence reports mixed FQ3 earnings; narrows FY22 guidance and issues Q4 outlook

Cerence Inc.
  • Cerence press release ( NASDAQ: CRNC ): FQ3 Non-GAAP EPS of $0.43 beats by $0.01 .
  • Revenue of $89.04M (-8.0% Y/Y) misses by $2.69M .
  • For the fiscal quarter ending September 30, 2022, revenue is expected to be in the range of $52 million to $58 million vs. consensus of $98.46M. Adjusted EBITDA is expected to be in the range of approximately -$11M to -$5M.

  • For the full fiscal year ending September 30, 2022, revenue is now expected to be in the range of $322 million to $328 million vs. consensus of $370.89M. Adjusted EBITDA is expected to be in the range of approximately $79 million to $85 million.

For further details see:

Cerence reports mixed FQ3 earnings; narrows FY22 guidance and issues Q4 outlook
Stock Information
Company Name: Cerence Inc.
Stock Symbol: CRNC
Market: NYSE
Website: cerence.com
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