Core Insights - Cerence Inc. debuted expanded capabilities in its Cerence xUI™ platform at IAA Mobility 2025, enhancing in-car AI from reactive voice assistants to proactive partners [1] - The demand for AI-powered experiences is increasing, prompting automakers to seek efficient ways to integrate large language models into vehicles [2] - Cerence's xUI platform utilizes its CaLLM™ family of language models to provide personalized and context-aware interactions [2] Group 1: Product Innovations - Cerence xUI features edge computing to ensure continuous access to AI functions, reducing latency for a more intuitive user experience [3] - The introduction of CaLLM™ Edge allows for cross-platform compatibility and efficient performance across various hardware architectures [4] - Multi-modal capabilities of Cerence xUI enable in-car AI assistants to process diverse user inputs, including voice, touch, and vision detection [5] Group 2: Collaborations and Ecosystem - Cerence is developing a mobile work AI agent in collaboration with Microsoft, integrating Microsoft 365 Copilot for safer in-car work [6][7] - The partner ecosystem, including collaborations with MediaTek, Microsoft, NVIDIA, and SiMa.ai, is crucial for automakers to innovate and enhance user experiences [8] - Cerence's solutions are showcased in various automaker booths at IAA, demonstrating the value of contextualized targeted offers powered by AI [8] Group 3: Company Overview - Cerence Inc. is a leader in creating AI-powered experiences, with over 525 million cars equipped with its technology [10] - The company is headquartered in Burlington, Massachusetts, and focuses on advancing user experiences through AI innovation [10]

Core Insights - Cerence Inc. is launching a new mobile work AI agent in collaboration with Microsoft, designed to enhance safe and secure work experiences in vehicles through voice-first access to Microsoft 365 Copilot and other applications [2][4][10] - The AI agent will utilize Cerence's xUI platform, enabling seamless integration with automotive systems and proactive orchestration of tasks, thereby improving user experience while minimizing distractions [2][5][7] Collaboration and Technology - Since early 2024, Cerence AI has been working with Microsoft to implement automotive-grade solutions, allowing users to access ChatGPT via Microsoft Azure OpenAI [3] - The collaboration has benefited various automotive OEMs, including Renault, Volkswagen, and Audi, by combining Cerence's expertise with Microsoft's cloud and AI capabilities [3] Addressing Distracted Driving - The new mobile work AI agent aims to tackle the issue of distracted driving, which is linked to smartphone use while driving, by providing a hands-free, voice-first experience [4][5] - The AI agent will adjust its functionality based on the user's context, whether they are driving, parked, or in an autonomous vehicle, to enhance safety [7][8] User Experience and Features - Users will be able to draft messages, manage calendars, and receive daily overviews through natural conversation with the AI agent [6][7] - The agent will learn user preferences over time, allowing for a more personalized experience, such as pausing conversations during certain parts of a journey [6] Enterprise Integration - The mobile work AI agent will integrate with Microsoft Intune, transforming vehicles into managed, secure devices that provide compliant access to Microsoft 365 tools [8] - This integration will create a premium experience for automakers, enhancing customer loyalty and differentiating their offerings in the market [9] Market Position and Future Outlook - Cerence AI's technology has been implemented in over 525 million cars, showcasing its leadership in creating AI-powered automotive experiences [12] - The collaboration with Microsoft is expected to optimize work-life balance for users, allowing them to manage their tasks effectively while ensuring safety [10]

Core Points - Cerence has filed a patent infringement lawsuit against Apple, focusing on "Hey, Siri" and virtual keyboard technology [1] - The lawsuit was submitted in the Western District of Texas, revealing that Cerence had previously engaged in discussions with Apple regarding potential acquisition or licensing of multiple patents since 2021 [3] - Cerence claims that despite providing key documents and engaging in discussions, no resolution was reached regarding the mobile text input patent portfolio [3] - The company is seeking a court ruling to declare Apple in violation of these patents and is requesting damages for the infringement, along with ongoing licensing fees [3]

Core Viewpoint - Cerence Inc. has filed a patent infringement lawsuit against Apple Inc. in the United States District Court for the Western District of Texas, aiming to protect its intellectual property rights related to its innovative technologies [1][2]. Company Overview - Cerence Inc. is a global leader in conversational AI-powered user experiences, with a strong portfolio of patents developed over decades of research and development [2][4]. - The company has shipped over 525 million cars equipped with its technology, partnering with leading automakers, transportation OEMs, and technology companies [4]. Patent Infringement Details - The lawsuit against Apple involves specific Cerence technologies, including text input and recognition, as well as voice command monitoring, which are utilized in Apple's products [2]. - Cerence emphasizes its commitment to defending its intellectual property rights to safeguard its significant investments in research and development [3]. Leadership Statement - Jennifer Salinas, Chief Administrative Officer & General Counsel of Cerence, stated the company's dedication to enforcing its intellectual property rights to protect its innovations and investments [3].

AI industry leaders join forces to unlock intelligent, low-power voice interaction for automotive applications SUMMARY AND KEY POINTS: Cerence AI and SiMa.ai partner to run CaLLM Edge on SiMa’s Modalix MLSoC, bringing advanced, low-power conversational AI to vehicles.This partnership allows OEMs to deliver an improved user experience with real-time, multi-modal interaction.The solution will debut at IAA Mobility 2025, with a live demo of CaLLM Edge running on SiMa.ai hardware. MUNICH and BURLINGTON, Mass., ...

Volkswagen leverages Cerence Chat Pro’s latest enhancements to deliver smarter conversations and better journeysBURLINGTON, Mass., Aug. 25, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced the next evolution of its successful collaboration with the Volkswagen Group. Together, the companies have further enhanced the automaker’s IDA in-car assistant to now enable faster, more natural conversations that f ...

BURLINGTON, Mass., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced the integration of its industry-leading Audio AI suite into HARMAN's AudioworX, a comprehensive tool and functionality suite that provides a high-quality development process for automotive audio products. This collaboration brings together Cerence AI's expertise in automotive audio solutions with HARMAN's innovative audio fram ...

Core Viewpoint - Cerence (CRNC) reported quarterly earnings of $0.09 per share, significantly beating the Zacks Consensus Estimate of a loss of $0.34 per share, although down from $0.19 per share a year ago [1] Group 1: Earnings Performance - The quarterly report represents an earnings surprise of +126.47%, following a previous surprise of +55.88% when the company posted earnings of $0.53 per share against an expectation of $0.34 [2] - Cerence has surpassed consensus EPS estimates in all four of the last quarters [2] Group 2: Revenue Performance - The company posted revenues of $62.24 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 15.40%, but down from $70.54 million year-over-year [3] - Cerence has also topped consensus revenue estimates in four consecutive quarters [3] Group 3: Stock Performance and Outlook - Cerence shares have increased by approximately 8.9% since the beginning of the year, outperforming the S&P 500's gain of 7.1% [4] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at -$0.44 for the coming quarter and -$0.12 for the current fiscal year [5][8] Group 4: Industry Context - The Computers - IT Services industry, to which Cerence belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of Cerence's stock may be influenced by the overall industry outlook, as top-ranked industries tend to outperform lower-ranked ones significantly [9]

Cerence (CRNC) Q3 2025 Earnings Call August 06, 2025 05:00 PM ET Speaker0Good day and thank you for standing by. Welcome to the Cerence Third Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded.I'd now like to hand the conference over to Kate Hickman, Vice President of Corporate Communications and Investor Relations. Please ...

Q3 FY25 Performance - Total revenue decreased to $62.2 million, compared to $70.5 million in Q3 FY24[5] - Gross margin increased to 73.7% from 71.5% in Q3 FY24[5] - Net loss improved to $(2.7) million from $(313.5) million in Q3 FY24[5] - Adjusted EBITDA decreased to $9.0 million from $12.5 million in Q3 FY24[5] - Cash provided by operating activities significantly increased to $48.4 million from $11.1 million in Q3 FY24[5] - Cash balance & marketable securities decreased to $73.7 million from $121.5 million in Q3 FY24[5] Revenue Details - Variable license revenue increased to $34.2 million in Q3 FY25[7] - Pro forma royalties increased to $43.2 million in Q3 FY25[9] - Adjusted Total Billings TTM increased by 3.5% to $226 million[12] Key Performance Indicators - Cerence technology is present in 52% of worldwide auto production (TTM)[12] - Approximately 12 million units shipped with Cerence technology in Q3, a 2.5% YoY increase[12] - Connected attach rate increased to 31% from 27% a year ago[12] - Average PPU on a TTM basis increased to $4.91 from $4.47 a year ago[12] Fiscal Q4 and FY25 Guidance - Q4FY25 revenue is projected to be between $53 million and $58 million[13] - FY25 revenue is projected to be between $244 million and $249 million[13]