Cerence(US:CRNC)2024-11-21 16:52Financial Performance - Q4 FY24 - Total revenue was $54.8 million, exceeding the guidance of $44 million to $50 million[11] - Gross margin was 63.7%, also exceeding the guidance of 55% to 60%[12] - Net loss was $(20.4) million, better than the guided range of $(32) million to $(28) million[13] - Adjusted EBITDA was $(1.9) million, exceeding the guidance of $(19) million to $(13) million[15] - Cash flow from operations was $6.1 million[16] Financial Performance - FY24 - Total revenue reached $331.5 million, surpassing the guidance of $321 million to $327 million[20] - Gross margin was 73.7%, exceeding the guidance of 73%[21] - Adjusted EBITDA was $80.6 million, exceeding the guidance of $64 million to $70 million[24] - Net loss was $(588.1) million, which includes a $609 million goodwill impairment charge[22,26] - Cash flow from operations was $17.2 million[25] FY25 Outlook - Initial revenue guidance for FY25 is $236 million to $247 million[8] - Net cash provided by operating activities is projected to be in the range of $34 million to $40 million[8]