Welcome to our dedicated page for Cerence news (Ticker: CRNC), a resource for investors and traders seeking the latest updates and insights on Cerence stock.
Cerence Inc. (NASDAQ: CRNC) is a leading software company based in the United States, specializing in creating advanced, AI-driven solutions for the mobility world. As an innovation partner to the world's leading automakers and mobility OEMs, Cerence is pioneering the future of connected mobility. The company's cutting-edge technology facilitates seamless, intuitive interaction between humans and their vehicles, integrating consumers' digital lives with their daily journeys.
Cerence boasts over 20 years of expertise and has shipped its technology in more than 475 million cars globally. The company's solutions span connected cars, autonomous driving, e-vehicles, and other domains, ensuring a smarter, safer, and more enjoyable driving experience.
Recent milestones include the appointment of Daniel Tempesta as Chief Financial Officer, who brings over 30 years of financial and operational expertise. Cerence also introduced CaLLM™, its automotive-specific large language model, which is already gaining traction with three major global automakers. Furthermore, the company is collaborating with Foxtron to bring voice-powered interaction to electric vehicles in Taiwan, and BMW Group is leveraging Cerence's Emergency Vehicle Detection technology to enhance safety features in its vehicles.
Financially, Cerence generates revenue primarily through software licenses and cloud-connected services, with a significant portion derived from the United States and a growing presence in regions like Europe, the Middle East, Africa, and Asia-Pacific. Despite facing challenges such as production delays and economic uncertainties, the company remains committed to advancing its generative AI and large language model product roadmap, aiming to drive sustainable, long-term value.
To stay updated on Cerence's latest developments, visit their website at www.cerence.com and follow the company on LinkedIn and Twitter.
Cerence Inc. (CRNC) and Sirius XM Holdings Inc. (SIRI) have announced a partnership to enhance in-vehicle audio experiences using Cerence’s AI technology. This collaboration enables drivers to access SiriusXM programming via voice commands in vehicles equipped with SiriusXM satellite radios and the new 360L radios. The integration will improve user experiences by offering personalized content and simplified access to a vast library of channels and podcasts. The offering will be available in North America for automotive models starting production next year.
Cerence (NASDAQ: CRNC) and Pioneer Corporation have announced a strategic partnership to develop AI-powered mobility products. This collaboration aims to enhance in-car experiences by integrating Pioneer’s hardware capabilities and Cerence’s conversational AI technology. Both companies plan to create scalable solutions that improve driver and passenger comfort. This initiative reflects the growing demand for advanced in-car technology, especially following the impact of the COVID-19 pandemic. Further details on the product rollout will be available later.
Cerence Inc. (NASDAQ: CRNC) announced that SAIC-GM-Wuling has selected them to enhance the WISE ecosystem and upgrade WIND for the Wuling Almaz RS. This new launch, which features advanced Indonesian-language voice control, represents a significant milestone for both Cerence and Wuling in the Indonesian automotive market.
The integration includes conversational AI and natural language understanding, allowing users to control various car functions and access local content effortlessly. With over 1,000 features developed in just nine months, Cerence is committed to delivering user-centric experiences in new global markets.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the 5th Annual Needham Virtual Automotive Tech Conference on June 8, 2021, at 9:30 a.m. ET. CEO Sanjay Dhawan and CFO Mark Gallenberger will lead a fireside chat during the event. The webcast will be accessible via the company's website in the 'Events & Resources' section. Additionally, a replay of the webcast will be available after the presentation.
Cerence is recognized for its innovation in creating interactive mobility experiences, having shipped over 350 million vehicles with its technology.
Cerence Inc. (NASDAQ: CRNC) has partnered with CarPay-Diem to integrate its AI-powered fuel payment platform into Cerence Pay, enhancing the in-car payment experience in Europe.
This collaboration enables drivers to pay for fuel using voice commands, ensuring secure transactions while minimizing smartphone reliance. Currently operational in Benelux and France, CarPay-Diem plans to expand across 10 European countries by 2022. This partnership not only optimizes convenience for drivers but also opens new revenue streams for OEMs and fuel stations, promoting personalized offers and loyalty rewards.
Cerence (NASDAQ: CRNC) and tooz technologies, a joint venture of ZEISS and Deutsche Telekom, have announced a collaboration to integrate conversational AI with smart glasses to enhance the two-wheeler rider experience. The partnership aims to improve safety and intelligence in mobility through the use of the Cerence 2-Wheeler Mobility Platform, which allows riders to stay informed while keeping their focus on the road. The tooz Smart Glasses will display essential information like navigation and traffic updates directly in the rider's field of view, aiming for a safer and more enjoyable riding experience.
Cerence reported a record revenue of $98.7M for Q2 FY2021, marking a 14% increase year-over-year. The company exceeded guidance in all financial metrics, achieving a GAAP net income of $11.2M and an Adjusted EBITDA of $39.3M. Full-year guidance has been raised, anticipating revenue between $380M and $390M, reflecting a 15% to 18% growth compared to the previous year. Strong bookings in new Applications and strategic wins in the two-wheeler market were also highlighted, reinforcing Cerence's competitive position and innovation.
Cerence has partnered with P97 Networks to enhance payment options at gas stations across the US via voice-powered in-car payments. The collaboration expands the Cerence Pay ecosystem, offering a secure and seamless payment experience. With P97's mobile commerce platform, drivers can easily locate fueling stations, check prices, and make purchases—all using voice commands. The partnership aims to improve productivity and safety for drivers, providing an innovative solution integrated with major fuel brands in over 30% of retail fuel sites in the country.
Cerence Inc. (NASDAQ: CRNC) will present at the 2021 Wells Fargo Securities Virtual Industrials Conference on May 6, 2021, at 11:20 a.m. ET. The discussion will feature CEO Sanjay Dhawan and CFO Mark Gallenberger in a fireside chat format. The event will be webcast and accessible through the 'Events & Resources' section of Cerence's website. A replay of the webcast will also be available on their site. Cerence is a leader in providing innovative solutions for connected mobility, with over 350 million cars equipped with their technology.
Cerence (NASDAQ: CRNC) will announce its second quarter fiscal 2021 financial results on May 10, 2021, at 7:00 a.m. EST. The company will host a conference call at 10:00 a.m. EST to discuss the results. Investors can access the call by dialing 1.844.467.7116 (domestic) or +1.409.983.9838 (international) with pass code 7998527. The replay will be available through May 17, 2021. Cerence is recognized as a leader in creating advanced mobility experiences and has shipped over 350 million cars equipped with its technology.
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