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Cerence(CRNC) - 2023 Q3 - Earnings Call Transcript
2023-08-09 00:19
财务数据和关键指标变化 - 公司Q3收入约6,160万美元,接近于指引的高端 [20] - 非GAAP毛利率为66.5%,非GAAP营业利润率为0.05%,调整后EBITDA为280万美元,非GAAP每股亏损0.04美元,除了GAAP净收益受到债务再融资影响,其他主要财务指标均超出指引高端 [20][21] - 公司Q3经营活动现金流为负820万美元,预计Q4和全年将实现正现金流 [21][22] - 公司现金及可流动证券总额约1.16亿美元,资产负债表保持稳健 [22] 各条业务线数据和关键指标变化 - 可变许可收入同比下降16%,环比略有下降,主要由于固定合同消费高于预期 [23] - 新增连接服务收入同比增长3%,环比下降3%,剔除上一季度的一次性调整后环比增长 [23] - 专业服务收入同比下降24%,环比下降8%,公司不将其作为收入增长驱动因素 [24] 各个市场数据和关键指标变化 - 公司全球汽车产量渗透率达54%,连续第三个季度提升,创近两年新高,体现公司技术优势 [11][27] - 搭载公司连接服务的汽车产量同比增长50%,反映更多汽车被连接以及公司云服务解决方案的增长 [28] - 月活用户同比增长29%,显示消费者对公司技术的需求增加 [28] - 每车收费指标同比下降6%,主要由于产品组合变化,新兴市场单一组件解决方案带来的较低收费,以及一些新平台项目推迟导致 [28][29][30] 公司战略和发展方向及行业竞争 - 公司持续专注于汽车领域AI技术创新、为客户提供优质产品和服务、赢得战略客户等三大经营原则 [10] - 公司正在利用大语言模型和生成式AI增强多款产品,如下一代Cerence助手等,提升用户体验 [16][17][18] - 公司正在与全球主要汽车制造商合作,将大语言模型和生成式AI应用于车载知识产品等,为未来的沉浸式车载体验奠定基础 [18][19] - 公司在两轮车和卡车市场也取得进展,与知名摩托车品牌合作,四款两轮车解决方案已于Q3投入生产 [13] - 公司正在积极拓展非汽车领域的机遇,但受到一定的使用限制,未来一年后将没有限制 [56][57][58][59] 管理层对经营环境和未来前景的评论 - 尽管宏观经济存在不确定性,但公司有信心在Q4和全年实现强劲表现 [11] - 半导体短缺问题有所缓解,但利率上升和经济放缓对汽车需求和产量仍存在影响,公司正在密切关注 [11] - 公司成功完成债务再融资,通过发行新的可转换债券偿还高利率贷款,每年可节省约800万美元利息支出 [12] - 公司有信心实现长期目标,即实现两位数收入增长和强劲的EBITDA利润率 [12][14] 问答环节重要的提问和回答 问题1 **Colin Langan提问** 每车收费指标连续下降,这是否会影响2024年的目标? [34][35] **Tom Beaudoin回答** 每车收费指标受多方面因素影响,包括新兴市场单一组件解决方案带来的较低收费,以及一些新平台项目推迟等。公司将在11月提供2024年的更新指引。 [35][36][37] 问题2 **Luke Junk提问** 单一组件解决方案对2024年的内容价值和收费情况有何影响? [40][41] **Tom Beaudoin回答** 公司暂时无法对2024年做具体预测,将在11月提供更新。但各项关键指标显示公司持续获得新业务,连接和嵌入式业务持续增长,每车收费指标受多方面因素影响。这些新业务为公司未来带来增长机会。 [41] 问题3 **Nicholas Doyle提问** 两轮车业务在2024年的贡献如何?与之前提到的7个设计wins有何关系? [46][47] **Tom Beaudoin和Stefan Ortmanns回答** 两轮车市场规模约为汽车市场的一半。公司在Q3有4个两轮车解决方案投入生产,分布在中国、印度、日本、北美和欧洲等市场。预计两轮车业务将在2024财年带来收入增长。这些设计wins是公司在这一新兴市场的布局成果。 [47][48][49][50]
Cerence(CRNC) - 2023 Q3 - Quarterly Report
2023-08-09 00:00
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 June 30, 2023 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 othe ...
Cerence(CRNC) - 2023 Q2 - Earnings Call Transcript
2023-05-09 22:56
Cerence Inc. (NASDAQ:CRNC) Q2 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Rich Yerganian - SVP-IR Stefan Ortmanns - CEO Tom Beaudoin - CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Colin Langan - Wells Fargo Mark Delaney - Goldman Sachs Operator Good morning, and thank you for standing by. Welcome to the Cerence Second Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will b ...
Cerence(CRNC) - 2023 Q2 - Quarterly Report
2023-05-09 00:00
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, 2023 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 ...
Cerence(CRNC) - 2023 Q1 - Earnings Call Transcript
2023-02-09 00:42
Cerence Inc. (NASDAQ:CRNC) Q1 2023 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants Rich Yerganian – Senior Vice President-Investor Relations Stefan Ortmanns – Chief Executive Officer Tom Beaudoin – Chief Financial Officer Conference Call Participants Luke Junk – Baird Colin Langan – Wells Fargo Rajvindra Gill – Needham Jeff Van Rhee – Craig-Hallum Gavin Kennedy – Jefferies Chris McNally – Evercore Mark Delaney – Goldman Sachs Operator Good day and thank you for standing by. Welcome ...
Cerence(CRNC) - 2023 Q1 - Earnings Call Presentation
2023-02-09 00:05
Rich Yerganian, SVP of Investor Relations February 8, 2023 Destination Next Cerence Q1FY23 Earnings Presentation Stefan Ortmanns, CEO Tom Beaudoin, CFO X X Forward-Looking Statements Statements in this presentation regarding: Cerence's future performance, results and financial condition; expected growth; multi-year targets; opportunities; business, industry and market trends; strategy regarding fixed contracts and its impact on financial results; backlog; demand for Cerence products; innovation and new prod ...
Cerence(CRNC) - 2023 Q1 - Quarterly Report
2023-02-08 00:00
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 December 31, 2022 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 ...
Cerence(CRNC) - 2022 Q3 - Earnings Call Presentation
2022-08-16 00:02
| --- | --- | --- | |-------|---------------------------|----------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cerence Q3 FY22 Earnings | | | | Stefan Ortmanns, CEO | | | | | | | | Tom Beaudoin, EVP, CFO | | | | | | | | | | | | Rich Yerganian, SVP of IR | | | | | | | | | | | | | August 9, 2022 | | | © 2022 Cerence Inc. | | Forward-Looking Statements Statements in this release regarding Cerence's future performance, results and financial condition, expected gro ...
Cerence(CRNC) - 2022 Q2 - Earnings Call Transcript
2022-05-11 00:54
Cerence Inc. (NASDAQ:CRNC) Q2 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Rich Yerganian - SVP, IR Stefan Ortmanns - CEO Tom Beaudoin - CFO Conference Call Participants David Kelley - Jefferies Jeffrey Van Rhee - Craig Hallum Luke Junk - Baird Mark Delaney - Goldman Sachs Raji Gill - Needham Operator Good day, and thank you for standing by. Welcome to the Cerence Q2 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorde ...
Cerence(CRNC) - 2022 Q1 - Earnings Call Presentation
2022-02-08 03:24
cerence® | --- | --- | --- | --- | |-------|-------|--------------------------------------------|-------| | | | | | | | | Cerence Q1FY22 Earnings Call Presentation | | | | | | | | | | | | | | | • Stefan Ortmanns, CEO | | | | | • Mark Gallenberger, CFO | | | | | • Rich Yerganian, SVP of IR | | | | | February 7, 2022 | | Forward-Looking Statements This material and any oral statements made in connection with this material include "forward-looking statements" within the meaning of the Securities Act of 1933 an ...