Cerence Inc Stock Price, News & Analysis

Cerence Inc. (NASDAQ: CRNC) has partnered with BYD, a leading electric vehicle manufacturer, to integrate Cerence’s conversational AI into BYD's vehicles globally. This collaboration aims to enhance in-car experiences with voice-powered features and multi-language support, starting with select models. BYD's expansion into markets like Brazil and Thailand underscores its commitment to offering safe, enjoyable electric driving experiences. Cerence's CEO emphasized the market need for unique in-car systems to bolster OEM-customer connections.

Cerence Inc. (NASDAQ: CRNC) and what3words announce their partnership with Subaru as the first automaker to implement what3words voice input in Japanese. This move adds to the growing adoption of their voice-powered navigation solution, which has doubled its presence in vehicles over the last two years. Subaru's launch follows collaborations with other major automotive brands like Mercedes Benz and Tata Motors. Cerence's technology enhances navigation accuracy while simplifying user interaction, now available in multiple languages and offline use.

Cerence Inc. (NASDAQ: CRNC) will present at the 25th Annual Needham Growth Conference in New York City on January 10, 2023, at 9:30 a.m. Eastern Time. The presentation will feature CEO Stefan Ortmanns and CFO Tom Beaudoin, followed by a Q&A session. Investors and interested parties can access the event via webcast on Cerence's website under the 'Events' tab. A replay of the webcast will also be available after the event. With over 20 years of experience, Cerence is a leader in connected mobility, impacting more than 450 million cars globally.

Cerence (NASDAQ: CRNC) has partnered with iHeartMedia and Radioline to enhance audio content access for automakers. This collaboration aims to provide drivers with AI-powered access to a wide array of music, podcasts, and radio content. With 90% of prospective car buyers advocating for radio as standard in vehicles, the partnership is set to improve in-car entertainment experiences. Cerence combines voice recognition and natural language understanding to create seamless infotainment worldwide. This strategic alliance expands Cerence's audio entertainment portfolio significantly.

Cerence Inc. (NASDAQ: CRNC) announced its participation at the Raymond James Technology Investors Conference in New York City on December 6, 2022, at 1:40 p.m. Eastern Time. The event will feature a presentation by EVP and CFO Tom Beaudoin, followed by a Q&A session. Investors can access the conference via webcast on the Company’s website in the 'Events' section. A replay will also be available post-event. Cerence, a leader in mobility technology, creates innovative experiences for connected vehicles.

Cerence Inc. (NASDAQ: CRNC) reported robust fiscal year 2022 results, with bookings hitting $684M, a 16% increase from the previous year. The company recorded GAAP revenue of $327.9M, down from $387.2M in fiscal 2021. Despite a GAAP net loss of $310.8M, Cerence showcased significant operational growth, with technology utilized in 51% of global auto production. Looking ahead, the company plans to detail its growth strategy during the upcoming investor day on November 29, 2022.

Cerence Inc. (NASDAQ: CRNC) will announce its fourth quarter and fiscal year 2022 financial results on November 29, 2022, at 8:00 a.m. ET. The company will host a live investor day in New York City at 9:00 a.m. ET, which includes discussions on Q4 results, fiscal 2023 guidance, market strategies, technology roadmap, and multi-year financial targets. Investors and analysts can join the event via live webcast. Cerence, a leader in creating mobility experiences, has over 20 years of experience and more than 450 million cars equipped with its technology.

Cerence Inc. (NASDAQ: CRNC) has appointed Bob Ligon as Chief Revenue Officer, succeeding Egon Jungheim who will retire in December 2022. Ligon, with over 20 years of experience in automotive sales, previously held senior positions at ZF Group and Continental. His responsibilities will encompass global sales and marketing, aiming to enhance Cerence's go-to-market strategy and pipeline growth. CEO Stefan Ortmanns emphasized Ligon's substantial expertise in revenue growth and technology commercialization as pivotal for Cerence's future.

Cerence Inc. (NASDAQ: CRNC) has appointed Nils Schanz as Chief Product Officer, marking a significant leadership addition. With a 15-year tenure at Daimler, Schanz has played a vital role in developing the renowned MBUX multimedia system. His leadership will focus on enhancing Cerence’s core mobility products, digital cabin strategy, and overall customer delivery. CEO Stefan Ortmanns praised Schanz's visionary approach, suggesting that his strategic experience will propel the company forward in the evolving mobility landscape.