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Cerence (NASDAQ:CRNC) slipped 32% premarket after reporting mixed FQ1 results with FY2022 guidance cut. The company also announced retirement of CFO Mark Gallenberger on March 11, Mitch Cohen appointed as interim CFO. Non-GAAP gross margin rate expanded 250 bps to 77.5% and non-GAAP...
Cerence (NASDAQ:CRNC) announced that CFO Mark Gallenberger will retire Mar.11; he will remain in an advisory role through mid-November 2022 an advisory role through mid-November 2022 for ensuring continuity in the business and an orderly transition to a new CFO. Mitch Cohen joined t...
Cerence press release (NASDAQ:CRNC): FQ1 Non-GAAP EPS of $0.59 beats by $0.08. Revenue of $94.4M (+0.9% Y/Y) misses by $0.7M. Shares -1.4% PM. FY2022 revenue to be in the range of $365M to $385M vs. consensus of $413.61M; Adjusted EBITDA to be in the range of approximately $119M to $139M. F...
Headlines Delivered second largest bookings quarter in the Company’s history Exceeded most profitability metrics for the quarter Secured initial revenue contribution from fitness products, a new mobility market Won another China-based two-wheeler...
CFO Mark Gallenberger to Retire, Serve in Transitional Role Experienced Senior Finance Executive, Mitch Cohen, to Join Cerence in Interim Role BURLINGTON, Mass., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced ...
Cerence (NASDAQ:CRNC) is scheduled to announce Q1 earnings results on Monday, February 7th, before market open. The consensus EPS Estimate is $0.51 (-13.6% Y/Y) and the consensus Revenue Estimate is $95.1M (+0.1% Y/Y). Over the last 2 years, CRNC has beaten EPS estimates 100% of the time and ...
BURLINGTON, Mass., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2021 on Monday, February 7, 2022 at 7:30 a.m. EST / 4:30 a.m. PST. The company will host...
Today's video focuses on the following four stocks I am keeping my eyes on this week: Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , Meta Platforms (NASDAQ: FB) , Roblox (NYSE: RBLX) , and Cerence (NASDAQ: CRNC) . Here are...
BURLINGTON, Mass., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Baird 2022 Vehicle Technology & Mobility Conference on Tuesday, January 25, 2022 at 9:05 a.m. Eastern Time. The format for th...
BURLINGTON, Mass., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that NIO , a pioneer in revolutionizing the premium electric vehicle market in China and worldwide, will deploy Cerence conversational AI in its ES8 full-size ...
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Schanz to Assume Chief Technology Officer Responsibilities Company Reaffirms Third Quarter Fiscal 2024 Guidance BURLINGTON, Mass., July 02, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that as part of its ongoing transformation effo...
BURLINGTON, Mass., June 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Audi, part of the Volkswagen Group, will leverage generative AI from Cerence to expand the capabilities of its in-car assistant. With a dual focus on creating...
BURLINGTON, Mass., June 24, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Volkswagen Group has deployed Cerence Chat Pro , the company’s uniquely intelligent, automotive-grade ChatGPT integration, to models across Volkswagen...