Cerence reports Q3 GAAP EPS (6c), consensus (9c)

Reports Q3 revenue $62.24M, consensus $54.83M. “I’m excited by our progress and proud of what our team has accomplished this quarter. We exceeded the high end of our guidance with revenue of $62.2M and Adjusted EBITDA of $9.0M. Importantly, we generated strong free cash flow of $16.1M, marking our fifth consecutive quarter of positive free cash flow. Based on our strong performance in Q3 and our guidance for Q4, we are raising and narrowing full fiscal year revenue guidance to $244 to $249 million, as well as raising guidance for Adjusted EBITDA and free cash flow,” said Brian Krzanich, CEO, Cerence (CRNC) AI.