Cerence reports Q4 EPS (31c), consensus (22c)

Reports Q4 revenue $60.64M, consensus $55.3M. “As I reflect on my first full fiscal year as Cerence (CRNC) AI’s CEO, I’m incredibly proud of what our team has accomplished and excited by the road ahead,” said Brian Krzanich, CEO, Cerence AI. “We strengthened the financial and operational foundation of the Company and increased positive cash flow generation. We made significant progress with our Cerence xUI platform, including meeting all our technology milestones while driving strong customer interest and early adoption. And, we secured our first successful outcome in our push to protect and monetize our intellectual property.”