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 ...

i 1 • our inability to quickly respond to changes in technology and to develop our intellectual property into commercially viable products; • our inability to expand into adjacent markets, including, without limitation, two-wheeled vehicles, trucks and AIoT, in the timeframes or levels expected; • a significant interruption in the supply or maintenance of our third-party hardware, software, services or data; • restrictions on our current and future operations under the terms of our debt and the use of cash ...

Cerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Nick Doyle - Needham & Company Operator Thank you for standing by. My name is Romani [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to Cerence Q2 2024 earnings call. All line ...

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 ...

Cerence Announces Second Quarter Fiscal Year 2024 Results • 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 • 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 to reinvigorate future growth Results Summary (1,2) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |- ...

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 ...

BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) --  Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence's next-generation in-car computing platform. Cerence is working with three major global automakers as the first customers for its NVIDIA technology-powered solution. Unveiled at CES 2024, CaLLM™ brings the future of the integrated in-car experience ...

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 ...

metamorworks Cerence (NASDAQ:CRNC) is a leading company in the field of automotive AI assistants. They develop technology that allows drivers to use their voice to control various aspects of their car, such as the navigation system, entertainment system, and climate settings. Their technology is used by many major car manufacturers around the world. Upon its spin-off from Nuance in 2019, share performance has been lackluster. It reached an all-time high of $133 in 2021, a significant return from its spin-of ...