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Stock impact report

Cerence Announces Second Quarter Fiscal Year 2024 Results [Yahoo! Finance]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Included in Q2 results is a Goodwill impairment charge of approximately $252 million Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024. Results Summary (in millions, except per share data) Three Months Ended Six Months Ended March 31, March 31, GAAP revenue GAAP gross margin Non-GAAP gross margin GAAP operating margin Non-GAAP operating margin GAAP net loss GAAP net loss margin Non-GAAP net (loss) income Adjusted EBITDA Adjusted EBITDA margin GAAP net loss per share - diluted Non-GAAP net (loss) income per share - diluted As previously disclosed, Q1FY24 revenue includes the non-cash revenue Show less Read more
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