Cerence Inc. - CRNC STOCK NEWS

Faraday Future Intelligent Electric (NASDAQ: FFIE) has partnered with Cerence Inc. (NASDAQ: CRNC) to integrate advanced text-to-speech (TTS) technology into its upcoming FF 91 luxury electric vehicle, set for production in Q3 2022. This collaboration aims to enhance the in-car voice assistant's natural communication abilities through Cerence’s TTS and Speech Signal Enhancement (SSE) technologies. The FF 91's voice assistant will provide real-time information and facilitate better interactions, improving driver safety and comfort.

Cerence Inc. (NASDAQ: CRNC) announced that SAIC Mobility Robotaxi, part of SAIC Motor, selected Cerence to provide mobility assistant technology for its L4 self-driving robotaxi platform, marking a significant milestone in autonomous transportation in China. The Cerence Mobility Platform facilitates intuitive user interaction via voice, gesture, and gaze, enhancing passenger safety and enjoyment. This partnership underscores Cerence's role in advancing automobile innovations, a critical factor as robotaxis become more prevalent in urban environments.

Cerence Inc. (NASDAQ: CRNC) reported a strong performance for Q2 FY22, generating revenue of $86.3 million, despite a decrease from $98.7 million in Q2 FY21. First-half bookings surged 53% to $448 million, with significant OEM business growth in North America and the adoption of its technology by Chinese EV makers. GAAP net loss was $0.5 million, while non-GAAP net income reached $13.6 million. The company maintains its full-year guidance, forecasting Q3 revenue between $90 million and $94 million. CEO Stefan Ortmanns highlighted a robust pipeline and opportunities for long-term growth.

Cerence Inc. (NASDAQ: CRNC) has appointed Tom Beaudoin as Executive Vice President and Chief Financial Officer, effective immediately. Beaudoin, with nearly 40 years of industry experience, replaces Marc Montagner, who resigned without disagreement on any accounting matters. The company also welcomed Doug Davis, former Intel executive, to its board of directors, expanding it to eight members. Cerence provided preliminary financial results for Q2 FY 2022, anticipating revenue between $85.5 million and $86.5 million, alongside affirmed fiscal year guidance.

Cerence (NASDAQ: CRNC) is set to announce its second quarter financial results for the period ending March 31, 2022, on May 10, 2022. The announcement will be made at 7:00 a.m. EST, followed by a live conference call at 8:30 a.m. EST. Investors can participate by dialing in or accessing the webcast via Cerence's website. The replay of the teleconference will be available until May 17, 2022. Cerence is focused on innovative mobility solutions, having shipped over 400 million cars equipped with its technology.

Cerence Inc. (NASDAQ: CRNC) has partnered with Hongqi Auto, a luxury automotive brand from FAW Group, to integrate in-car conversational AI and infotainment technology in the new E-HS9 model as part of their international expansion strategy.

The collaboration aims to provide drivers with enhanced safety and productivity through an intuitive assistant capable of English and Norwegian language support. The technology utilizes advanced AI systems and cloud technologies, ensuring the in-car assistant is responsive and up-to-date, thereby enhancing the luxury driving experience.

Cerence Inc. (NASDAQ: CRNC) has appointed Jennifer Salinas as the new Senior Vice President and General Counsel, effective April 4, 2022. Salinas joins from Lenovo, where she held senior legal positions and managed various responsibilities, including M&A and compliance. CEO Stefan Ortmanns emphasized her key role in enhancing the company's growth and performance culture. Salinas offers over 20 years of legal experience and is recognized for her leadership in the Hispanic National Bar Association. Her diverse background and global expertise are expected to drive strategic initiatives at Cerence.

Cerence Inc. (NASDAQ: CRNC) has appointed Marc Montagner as its new Chief Financial Officer (CFO), effective April 4, 2022. Montagner, who previously served as CFO at Endurance International, is expected to enhance growth and create long-term value for the company. He possesses extensive experience in finance and operational leadership, having driven results in various sectors. CEO Stefan Ortmanns expressed excitement about Montagner's joining, highlighting the opportunities ahead for Cerence.

Cerence Inc. (NASDAQ: CRNC) has launched Cerence Sing, a voice-controlled karaoke experience designed for drivers, powered by Stingray's extensive song catalogue. VinFast is the first customer to integrate this feature into its VF 8 and VF 9 models. The offering enhances driving enjoyment while prioritizing safety, as it operates fully via voice commands in driver mode. Cerence Sing includes advanced features like real-time performance feedback and customization options for automotive manufacturers.