Cerence: Fiscal First Quarter Earnings Overview
Cerence Inc. Reports First Quarter Financial Results
Cerence Inc., headquartered in Burlington, Massachusetts, announced a net loss of $5.2 million for its fiscal first quarter.
The company reported a per-share loss of 12 cents. When excluding pretax and restructuring charges, adjusted earnings came to 99 cents per share.
During this period, the automotive AI technology firm generated $115.1 million in revenue.
Looking ahead to the quarter ending in March, Cerence anticipates revenue will fall between $58 million and $62 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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