Core Viewpoint - Cerence Inc. has filed a complaint against Sony Group Corporation and TCL Technology Group Corporation to protect its intellectual property rights related to voice technology patents, seeking to block the importation of infringing products into the United States [1][2]. Group 1: Legal Actions - The complaint was filed with the United States International Trade Commission (ITC) under Section 337 of the Tariff Act of 1930, requesting a limited exclusion order for certain smart televisions [2]. - Cerence has also initiated district court actions in the United States District Court for the Eastern District of Texas to seek damages for the infringement [1]. Group 2: Company Position - The company emphasizes the importance of IP enforcement as a strategic imperative to protect its technology, customers, and investments [3]. - Cerence has developed a robust portfolio of patented technologies through continuous innovation and technical excellence [2]. Group 3: Company Overview - Cerence Inc. is a leader in creating AI-powered user experiences in the automotive and transportation sectors, with over 525 million cars equipped with its technology [4]. - The company is headquartered in Burlington, Massachusetts, and collaborates with leading automakers and technology firms to enhance user experiences [4].

BURLINGTON, Mass., July 31, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two investor conferences in August: To schedule a meeting, please contact your Raymond James or Needham representative, or Cerence AI Investor Relations at cerence@pondel.com. To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn. Cerence Inc. (NASDAQ: CRN ...

Smart home leader LG leverages multi-lingual text-to-speech from Cerence AI to enable its TVs to deliver information via spoken voice BURLINGTON, Mass., July 29, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that LG Electronics Inc. is leveraging Cerence's cloud neural text-to-speech (TTS) technology to power voice interaction across its global television lineup, bringing a natural and engaging expe ...

BURLINGTON, Mass., July 23, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its third quarter financial results for the quarter ended June 30, 2025, on Wednesday, August 6, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested ...

Group 1 - The analysis begins coverage of Cerence Inc. (NASDAQ: CRNC) with a 'Hold' rating for long-term investors [1] - The company is experiencing strong momentum in its operations [1]

Core Insights - Mahindra has introduced two new electric SUVs, the BE 6 and XEV 9e, which utilize Cerence Audio AI to enhance in-car interaction, marking a significant advancement for an Indian automobile manufacturer [1][2] Group 1: Product Features - The BE 6 and XEV 9e are built on the Mahindra Artificial Intelligence Architecture (MAIA), which integrates advanced hardware and software for a connected and personalized driving experience [2] - Cerence Speech Signal Enhancement (SSE) will be employed in Mahindra's eSUVs to improve communication clarity between drivers, passengers, and the infotainment system, particularly in noisy environments [3] Group 2: Strategic Partnership - Mahindra's collaboration with Cerence AI aims to enhance the in-car experience by ensuring accurate communication and interaction, even in challenging driving conditions [4] - Cerence AI is recognized as a leading provider of automotive speech enhancement solutions, which are critical for the adoption of in-car assistants [4][6] Group 3: Company Background - Cerence Inc. specializes in creating AI-powered experiences in the automotive sector, with over 525 million cars equipped with its technology [6] - The company is headquartered in Burlington, Massachusetts, and focuses on advancing user experiences through innovation in voice and generative AI [6]

Core Insights - Voice-driven artificial intelligence is becoming a critical area in technology, with SoundHound AI, Inc. and Cerence Inc. leading in this niche [1] - SoundHound is a newer player with a broad industry focus, while Cerence specializes in automotive voice assistants [2][3] SoundHound AI Overview - SoundHound combines advanced speech recognition with large language models, enabling natural voice interactions across various sectors [4] - The company has a three-pronged strategy focusing on enterprise agents, automotive assistants, and voice commerce, which enhances its market position [5] - In Q1 2025, SoundHound reported a 151% year-over-year revenue increase to $29.1 million, driven by growth in restaurant and enterprise solutions [6][8] - The company aims for full-year revenue guidance of $157-$177 million, indicating potential for significant growth [6][8] Cerence Inc. Overview - Cerence is the leading voice AI provider in the automotive sector, with its technology embedded in over 500 million vehicles and powering approximately 51% of cars produced in the last year [9] - The company reported a 15% year-over-year revenue increase to $78 million in its fiscal second quarter, aided by a one-time fixed-license boost [11] - Cerence maintains a fiscal 2025 revenue guidance of $236-$247 million, reflecting challenges due to the loss of the Toyota contract [12] Competitive Landscape - SoundHound faces competition from major tech companies like Alphabet, Amazon, and Apple, which dominate the AI-powered voice assistant market [7] - Cerence's competitive edge lies in its ability to offer white-labeled voice assistants that maintain brand identity for automakers [9] Stock Performance and Valuation - SoundHound's stock has increased by 7.7% over the past three months, while Cerence shares have risen by 10.6% [14] - SoundHound has a market capitalization of approximately $3.85 billion, trading at about 20.67X forward 12-month sales, indicating a high valuation [17][18] - Cerence, with a market capitalization of around $407.5 million, trades at roughly 1.61X trailing 12-month sales, suggesting a more attractive valuation compared to SoundHound [18] Investment Outlook - SoundHound's diversified industry exposure and strong revenue growth position it for broader upside as voice interfaces gain adoption [24] - Cerence, while established in the automotive market, faces growth constraints and challenges from contract losses [24]

Core Insights - Cerence Inc. announced the integration of its AI technologies into the next-generation MBUX system, debuting in the all-electric Mercedes-Benz CLA, marking a significant milestone in their collaboration with Mercedes-Benz [1][2] - The MBUX Virtual Assistant will feature advanced conversational capabilities, including a new "living" avatar and enhanced emotional interaction through Cerence's neural text-to-speech technology [2][3] - Cerence AI's solutions support seamless interaction across 25 languages, enhancing the user experience for drivers and passengers [2][5] Company Overview - Cerence Inc. is a leader in creating AI-powered experiences in the automotive sector, with over 500 million cars equipped with its technology [5] - The company focuses on voice interaction technologies, generative AI, and large language models to improve safety and connectivity in vehicles [5] - Cerence is headquartered in Burlington, Massachusetts, and collaborates with major automakers and technology firms to innovate user experiences [5]

Company Overview - Cerence (CRNC) shares increased by 14.8% to $9.96 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 1.6% over the past four weeks [1] - Cerence is experiencing growth due to the adoption of connected vehicle technologies, advancements in AI-driven automotive solutions, and diversification into non-automotive sectors [1] Financial Performance - Cerence is expected to report a quarterly loss of $0.34 per share, reflecting a year-over-year decline of 279% [2] - Projected revenues for the upcoming quarter are $53.93 million, which is a decrease of 23.6% compared to the same quarter last year [2] - The consensus EPS estimate for Cerence has remained unchanged over the last 30 days, indicating a lack of upward revisions in earnings estimates [3] Industry Context - Cerence is part of the Zacks Computers - IT Services industry, which includes other companies like Telos Corporation (TLS) [3] - Telos is expected to report an EPS of -$0.05, showing a year-over-year improvement of 44.4% [4] - Both Cerence and Telos currently hold a Zacks Rank of 3 (Hold) [3][4]

Summary of Cerence (CRNC) Conference Call - June 10, 2025 Company Overview - Cerence is a global leader in voice AI interaction within the automotive industry, spun off from Nuance Communication in 2019, focusing on automotive software solutions [4][5] - The company claims over 50% penetration in the global automotive market, with technology implemented in over 500 million vehicles [5][6] Key Points Market Position and Growth - Cerence is well-positioned in a growing market for automotive software, with strong relationships with major automotive OEMs [6] - The company has a unique market position with higher margins and less exposure to tariffs compared to other suppliers [8][10] Tariff Impact - As a software company, Cerence is not directly impacted by tariffs, but there are concerns about overall production implications [10][11] - The company anticipates limited production concerns for the upcoming quarter, despite potential tariff impacts [19][20] China Market - Cerence faces challenges penetrating the Chinese market due to strong local competition but maintains relationships with large Chinese OEMs for exports outside of China [12][13] - The company sees potential growth in relationships with Chinese OEMs for their products outside of China [13][15] Revenue and Royalties - Pro forma royalties have been relatively flat over the past year, with expectations for growth tied to new product launches and pricing strategies [20][21] - The company has seen a decline in prepaid license revenue, with a target of around $20 million for the current year [23][24] Pricing Per Unit (PPU) - The PPU metric has shown growth, increasing from $450 to $487 over the trailing twelve months, with expectations for further growth as new products are launched [25][26] - The company aims to increase PPU through higher penetration of its technology in vehicles and the introduction of more valuable AI products [30][31] AI Product Development - Cerence is excited about the upcoming XUI product, which will integrate a large language model for enhanced voice interaction capabilities in vehicles [45][46] - The XUI product aims to provide a unified interface for both embedded and connected features, enhancing user experience [34][60] Competitive Landscape - Competition comes from both big tech companies and smaller competitors, but Cerence believes its proven implementation capabilities give it an advantage [50][51] - There is a reluctance among OEMs to adopt big tech solutions, favoring branded experiences instead [62] Additional Insights - The company is focused on creating win-win situations with OEMs by potentially reducing costs while increasing capabilities [41][43] - Cerence is exploring ways to enhance user interaction through multimodal capabilities, allowing for more natural voice commands [39][40] This summary captures the essential points discussed during the conference call, highlighting Cerence's market position, challenges, and future growth strategies.