Cerence Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $373.1M
- Price
- $7.90
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.63%
- Volume
- 666.9K
About
Cerence Inc. specializes in developing and providing AI-driven virtual assistants tailored for the global mobility and transportation industry. The company's diverse portfolio includes both embedded (edge) software components and cloud-based solutions, along with relevant development toolkits, applications, and professional services to facilitate virtual assistant coexistence. These offerings are powered by sophisticated conversational artificial intelligence technologies, encompassing capabilities such as advanced speech recognition, natural language understanding, speech signal enhancement, text-to-speech functionalities, and acoustic modeling. Cerence Inc. is headquartered in Burlington, Massachusetts.
Quick stats
Shares outstanding45.2M
Computed float44.4M
Float / shares98.1%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001768267
Websitehttps://www.cerence.com
AI Summary
AI-generated1/12
majorbullishearnings
Cerence AI Reports Third Quarter Results: Revenue Up 12% YoY, Connected Services Revenue Up 20% YoY; Operating Cash Flow of $20M Supports First-Ever Share Repurchase Program
Cerence AI reported third quarter revenue of $69.6 million, up 12% year-over-year, with Adjusted EBITDA rising 50% to $13.5 million and exceeding the high end of guidance.
The company generated $19.6 million in free cash flow, enabling the Board to authorize a first-ever share repurchase program of up to $30 million over the next 12 months.
Business momentum accelerated with Connected Services revenue growing more than 20% year-over-year, driven by a new multi-brand award from Stellantis and the first customer win for the Mobile Work Agent.
Red flags
- Q4 revenue guidance of $61M-$65M implies a sequential decline from Q3, attributed to no expected fixed license revenue contracts