Cerence Inc Stock Price, News & Analysis

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.

Cerence Inc. (NASDAQ: CRNC) and Renault Group have entered into a multi-year agreement to enhance the in-car experience with a next-generation co-pilot. This collaboration aims to create a human-like interaction within Renault vehicles, utilizing Cerence Assistant to offer features like guided tours, optimal EV charging suggestions, and proactive adjustments. The innovative technology will debut at the Paris Motor Show from October 17-23, 2022. This partnership promises to elevate driver and passenger interactions significantly, bolstering Cerence's position in the connected mobility sector.

Cerence has partnered with WFCO Electronics to develop a groundbreaking digital cabin experience for recreational vehicles (RVs). This collaboration aims to integrate Cerence's conversational AI with WFCO's expertise in RV electronics, enhancing safety, comfort, and productivity for RV users. The new voice-enabled platform is set to be introduced in 2023, providing a seamless in-vehicle experience. This marks Cerence's expansion beyond the automotive sector, tapping into the growing RV market.

Cerence Inc. (NASDAQ: CRNC) announced that Jennifer Salinas, Senior VP and General Counsel, has been recognized as one of the Association of Latino Professionals For America's 2022 Most Powerful Latinas. Honored in the Corporate Trailblazers category, Salinas has demonstrated significant leadership and influence in her role at Cerence, focusing on legal matters and strategic governance. CEO Stefan Ortmanns praised her immediate impact since joining the company earlier this year. ALPFA is the largest Hispanic professional membership association in the U.S., dedicated to advancing Latino leadership.