BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that BMW Group is leveraging Cerence Audio AI to enhance the safety features in its BMW Personal Pilot L3 conditional automated driving system. BMW will leverage Cerence Emergency Vehicle Detection (EVD) to detect the sirens of approaching emergency vehicles. Part of Cerence's Audio AI suite, Cerence EVD utilizes the distinct sound structure inherent to emergency siren signals to achiev ...

BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant. Zeekr is a global premium electric mobility technology brand under Geely Holding Group. As part of its global expansion strategy, Zeekr has adopted user-driven technologies to meet the needs of drivers from all over the globe. For this commitment, Zeekr c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39030 CERENCE INC. (Exact name of registrant as specified in its charter) Delaware 83-4177087 (State or oth ...

财务数据和关键指标变化 - 第二季度收入为67.8百万美元,超过了指导范围的上限,主要是由于一笔约5百万美元的未计划固定许可费 [25] - 调整后的EBITDA为接近持平,受益于季度收入较高 [26] - 现金流量为1百万美元,现金及可流动证券总额约115百万美元 [28] - 公司计提了2.52亿美元的商誉减值,这是一项非现金事项,不影响公司的持续经营业绩 [13][28] 各条业务线数据和关键指标变化 - 可变许可收入为25.1百万美元,同比下降4%,环比增长21% [29] - 固定许可收入为10.4百万美元,高于预期5百万美元 [29] - 连接服务收入(不含遗留合同)为13.6百万美元,同比增长30%,环比增长33% [30] - 专业服务收入保持平稳,同比持平,环比下降10% [30] 各个市场数据和关键指标变化 - 公司在全球汽车产量的渗透率保持在54% [36] - 本季度发货1,170万辆搭载Cerence技术的汽车,同比下降6%,而同期IHS产量下降1% [36] - 使用公司连接服务的汽车产量在过去12个月内增长23% [36] - 总调整后账单同比增长9% [36] 公司战略和发展方向及行业竞争 - 公司正在转型,以更好地交付基于生成式AI和大语言模型的新产品路线图,并提高财务业绩 [14] - 公司正在采取措施调整成本结构,以适应当前的业务水平,同时确保能够成功交付其生成式AI路线图和客户承诺 [21] - 公司正在与3家主要全球汽车制造商进行概念验证,以推进其未来的AI计算平台 [19] - 公司相信其独有的数据集和与客户的深厚关系将继续成为其的差异化优势 [20] - 公司正在努力赢回一些之前失去的业务,并已在CES后签署了6个生成式AI产品合同 [53][54] 管理层对经营环境和未来前景的评论 - 公司下调了全年收入指引,主要是由于一些客户的产量预期未能实现,以及公司在相邻和物联网市场的业务发展较慢 [9][11] - 汽车制造的复杂性增加给一些OEM带来了实质性挑战,导致新项目的投产延迟,这对公司的收入产生了负面影响 [11][12] - 公司认为生成式AI和大语言模型技术对其未来产品路线图至关重要,并将确保资源集中投资于这些技术和相关产品 [45] - 公司计划在短期内采取成本行动,以实现更强劲的利润率和现金流 [46] - 公司预计2025财年收入将实现中个位数的增长,但这取决于多个行业和客户相关因素的变化 [41][42] 问答环节重要的提问和回答 问题1 **Jeff Van Rhee 提问** 询问收入大幅下调的原因,以及对市场份额、竞争格局的影响 [49][50] **Stefan Ortmanns 回答** - 公司在2月至4月进行了深入的客户账户审查,发现一些客户的产量预期未能实现,以及两轮车业务的增长低于预期 [50][51] - 公司相信基于CES的新产品成功,有很多机会可以重新获得之前失去的业务 [53][54] 问题2 **Nick Doyle 提问** 询问固定许可收入的消费情况及2025财年的预期 [59][60] **Daniel Tempesta 回答** - 2024财年固定许可收入消费水平预计将保持相对稳定,到2026财年末将逐步趋于新的固定许可收入水平 [60][61] - 2025财年固定许可收入消费预计将低于2024财年,新的固定许可收入预计为20百万美元左右 [60] 问题3 **Nick Doyle 提问** 询问产品平均价格(ASP)的趋势 [63] **Stefan Ortmanns 和 Daniel Tempesta 回答** - 2024财年ASP预计相对平稳,未来随着新产品的推出,ASP有望提升 [63][64][65] - 新的生成式AI和大语言模型产品可以在1-2周内快速集成到汽车平台上,并提供定制化服务,有助于提升ASP [66][67]

Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60.87%. A quarter ago, it was expected that this automotive artificial intelligence developer would post earnings of $0.90 per share when it actually produced earnings of $1.12, delivering a surprise of 24.44%.Over the last four q ...

Exhibit 99.1 Cerence Announces Second Quarter Fiscal Year 2024 Results Headlines • Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan • Included in Q2 results is a Goodwill impairment charge of approximately $252 million • Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation ...

Wall Street analysts expect Cerence (CRNC) to post quarterly loss of $0.23 per share in its upcoming report, which indicates a year-over-year decline of 475%. Revenues are expected to be $62.22 million, down 9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consider ...

Tech stocks have been on an absolute tear over the past two and a half decades, handily outperforming all other sectors. And with artificial intelligence now supercharging these companies, I believe the tech sector is poised to continue seeing accelerating growth over the next 20 years as well. That’s why it’s critical to have meaningful exposure to top tech stocks in your portfolio, if you want to maximize returns.However, that’s only part of the equation. While tech giants can provide market-beating retur ...

Cerence与NVIDIA合作 - Cerence公司宣布推出CaLLM™（Cerence Automotive Large Language Model），作为其下一代车载计算平台的基础[1] - CaLLM™结合了NVIDIA的领先AI框架和平台，具有独特的能力在汽车领域引领生成式AI和LLM创新[2] - Cerence与NVIDIA合作，帮助汽车制造商加速推出新解决方案，满足驾驶员对越来越智能功能和能力的需求[3] Cerence的领导地位 - Cerence是全球创造移动体验的行业领导者，通过人类与车辆之间直观的AI互动，推动互联移动性的未来[4]

BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) (the "Company"), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price o ...