Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cerence (CRNC)
NASDAQ:CRNC
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 5.65%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
Cerence reported a positive first quarter with revenue and adjusted EBITDA surpassing expectations. The company demonstrated strong cash flow and strategic debt reduction. However, challenges remain, including a year-over-year revenue decline due to legacy contract issues and a net loss for the quarter. The company's market penetration in China continues to be a concern. Despite these challenges, Cerence's partnerships and future guidance provide a positive outlook.Company Guidance
During Cerence Inc.'s Q1 2025 earnings call, the company reported a top-line revenue of $50.9 million and an adjusted EBITDA of $1.4 million, both surpassing the high end of their guidance. They also achieved a strong free cash flow of $7.9 million. Cerence repurchased $27 million of convertible notes due in June 2025 and emphasized their commitment to extinguishing this debt through repurchases and financing, in line with shareholders' interests. Looking forward, Cerence provided guidance for Q2 2025, expecting revenue between $74 million and $77 million, with GAAP net income projected to be $1 million to $5 million and adjusted EBITDA between $18 million and $22 million. The company remains focused on its three key deliverables for 2025, which include launching Cerence XUI, expanding business with new design wins, and continuing transformation and cost management.Exceeded Q1 Revenue and Adjusted EBITDA Guidance
Cerence reported Q1 2025 revenue of $50.9 million and adjusted EBITDA of $1.4 million, both exceeding the high end of their guidance.
Strong Free Cash Flow
The company reported strong free cash flow of $7.9 million for Q1 2025.
Debt Reduction
Cerence repurchased $27 million of convertible notes due in June 2025, reducing debt and positioning for long-term value.
Partnerships with AI Leaders
Cerence partnered with Nvidia and Microsoft to enhance AI capabilities, offering improved performance and cost efficiency.
Cost Management and Restructuring Benefits
Non-GAAP operating expenses were reduced by 23% year-over-year due to restructuring efforts, contributing to improved margins.
Revenue Guidance for Q2
The company issued Q2 2025 revenue guidance of $74 million to $77 million, indicating confidence in future growth.
---
CRNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CRNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $12.74 | $14.48 | +13.66% |
| Nov 21, 2024 | $2.82 | $5.83 | +106.74% |
| Aug 08, 2024 | $2.37 | $2.77 | +16.88% |
| May 09, 2024 | $9.56 | $6.28 | -34.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Cerence (CRNC) report earnings?
Cerence (CRNC) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Cerence (CRNC) earnings time?
Cerence (CRNC) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRNC EPS forecast?
CRNC EPS forecast for the fiscal quarter 2025 (Q2) is 0.3.
---
