CRNC Stock Recent News

BURLINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, will announce its second quarter financial results for the quarter ended March 31, 2025, on Wednesday, May 7, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time.

SHANGHAI and BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that it has received a Best Contribution Award at the 2025 ECARX Partnership Conference, held on March 11, 2025, in Hangzhou, China.

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BURLINGTON, Mass., March 20, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that Marion Harris, a long-time Ford Motor Company executive, has been appointed to serve as an independent, non-executive director, effective April 1, 2025.

BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today introduced Cerence xUI™, its agentic AI assistant platform that works across the edge and the cloud to advance the next generation of LLM-powered in-vehicle user experiences.

Cerence is leveraging generative AI to enhance in-car experiences, with its flagship CaLLM product driving future growth in the automotive virtual assistant market. Despite a significant revenue drop, Cerence's core business remains stable, with a 5% growth in connected car shipments and new strategic partnerships. Restructuring efforts aim to cut costs by $35-$40 million, bolstering profit margins and positioning Cerence for sustainable growth in the evolving automotive AI landscape.

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CRNC's shares ride on an expanding clientele and a strong partner network. However, stiff competition and stretched valuation are concerns.

Cerence Inc. (NASDAQ:CRNC ) Q1 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Nicholas Doyle - Needham & Company Mark Delaney - Goldman Sachs Colin Langan - Wells Fargo Daniel Hibshman - Craig-Hallum Jeff Osborne - TD Cowen Operator Welcome to Cerence's First Quarter of Fiscal Year 2025 Conference Call. Before we begin, I would like to remind you that this call may involve certain forward-looking statements.

Cerence (CRNC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $1.12 per share a year ago.