News & Videos - CERENCE INC.

BURLINGTON, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today reported its first quarter fiscal year 2025 results for the quarter ended December 31, 2024. Results Summary (1,2) (in millions, except per share data) Three Months Ended December 31, 2024 2023 GAAP revenue $ 50.9 $ 138.3 GAAP gross margin 65.0 % 81.0 % Non-GAAP gross margin 65.9 % 81.5 % GAAP operating margin -33.3 % 42.3 % Non-GAAP...

BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, will announce its first quarter financial results for the quarter ended December 31, 2024, on Thursday, February 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...

BURLINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI” or “the Company”), a global leader in AI for transportation, announced today that it will be presenting at the 27 th Annual Needham Growth Conference on Tuesday, January 14, 2025 at 12:45 p.m. Eastern Time. The fireside chat format will feature Brian Krzanich and Tony Rodriquez, Cerence AI’s CEO and CFO, respectively. The presentation will be webcast and can be accessed in the “Events”...

BURLINGTON, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in voice AI, today announced an expanded collaboration with NVIDIA to advance the capabilities of its CaLLM™ family of language models, including its cloud-based Cerence Automotive Large Language Model (CaLLM) and its CaLLM Edge embedded small language model. Through this collaboration, CaLLM is powered by NVIDIA AI Enterprise , an end-to-end, cloud-native software...

BURLINGTON, Mass., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced a multi-year agreement with JLR to develop the luxury automotive’s next-generation in-car experience. The companies will partner to leverage Cerence’s AI-enabled technologies to deliver advanced intelligence and capabilities to JLR customers globally. The companies will continue to work together to expand and improve the JLR...

BURLINGTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI” or “the Company”), a global leader in AI for transportation, today announced that, in light of its current cash position and outlook for future cash generation, the Company entered into privately negotiated transactions with certain holders of its 3.00% Convertible Senior Notes Due 2025 (the “Notes”), pursuant to which the Company agreed to repurchase approximately $27 million aggregate...

BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that, in connection with Antonio (“Tony”) Rodriquez’s recent appointment as Executive Vice President, Chief Financial Officer effective November 29, 2024, the Company granted Mr. Rodriquez 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units. The time-based restricted stock units...

BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that it has appointed Antonio (“Tony”) Rodriquez as its Chief Financial Officer (CFO), effective November 29, 2024. As Cerence AI’s CFO, Mr. Rodriquez will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value, leading the Company’s finance organization, including...

Headlines Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 million Transformation plan on track to deliver net annualized cost savings of $35-$40 million Initial FY25 revenue guidance of $236 to $247 million Record high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4 BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year...

BURLINGTON, Mass., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced CaLLM™ Edge, its pioneering, automotive-grade, embedded small language model (SLM). This new SLM is available within the existing Cerence solutions portfolio and will power its next-generation AI assistant platform, enabling an intelligent, seamless user experience regardless of connectivity. Developed and optimized in partnership with Microsoft, CaLLM Edge is available...

BURLINGTON, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2024, on Thursday, November 21, 2024, at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are...

BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced a new partnership with Kawasaki Motors, Ltd. to transform the user experience across its lineup of two-wheeled vehicles. By integrating Cerence Ride , the company’s platform built specifically for two-wheelers, Kawasaki will empower riders with the information they need in an engaging way, enabling access to navigation, vehicle controls and cloud applications through an...

BURLINGTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced its expanded partnership with Renault to bring generative AI-powered capabilities and human-like interaction to the automaker’s next-generation, multi-modal in-car companion, Reno. Reno, the official Renault avatar, is an intelligent, helpful, and endearing in-car companion that brings customers a more intuitive and fun driving experience. Expanding on Renault and...

BURLINGTON, Mass., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Brian Krzanich’s recent appointment as Chief Executive Officer and President effective October 7, 2024, the Company granted Mr. Krzanich an initial equity award with a target aggregate value of $6 million, based on the average closing price of the Company’s common stock over the trailing 20 trading days ending on the date of...

BURLINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board. Mr. Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently from 2018 to 2022, Mr. Krzanich...

BURLINGTON, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Tuya Smart (NYSE: Tuya, HKEX: 2391), a global cloud platform service provider, is partnering with Cerence to provide multi-lingual text-to-speech (TTS) for its cloud developer platform designed specifically for two-wheeled vehicles, including motorcycles, e-bikes, and more. Tuya’s cloud developer platform provides its customers – in this case, the more than 100...

BURLINGTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced Cerence Chat Pro, the company’s automotive-grade large language model integration, is now live in a range of Škoda vehicles . The solution has been deployed via cloud update to provide Škoda drivers with an entertaining and intelligent companion for their everyday journeys. Škoda drivers and passengers can now enjoy fun and conversational chit-chat with their in-car...

Headlines Q3 revenue in-line with guidance; positive cash flow from operations of $12.9 million Five generative AI customer programs released to production Transformation plans estimated to deliver net annualized cost savings of $35-40 million, predominantly realized in FY25 BURLINGTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its third quarter fiscal year 2024 results for the quarter ended June 30, 2024. Results Summary (1 ,2...

BURLINGTON, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2024 on Thursday, August 8, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to...

BURLINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced its collaboration with smart , the new-premium all-electric automobile brand, on the development of AI-powered solutions for smart ’s next-generation in-car experiences, first available in the Concept #5 . smart has always kept a keen focus on emerging technology and remained at the forefront of exploring the best solutions for future urban mobility. In the AI era and...