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Stock impact report

Cerence's AI Revolution: Cloudy Road Ahead [Seeking Alpha]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
CRNC's growth rates are erratic. The Company is barely breaking even on free cash flow and carries more than $150 million of net debt. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Cerence ( CRNC specializes in developing AI-powered virtual assistant solutions for the transportation industry, with a primary focus on automobiles. Their AI prospects are centered on innovation and creating immersive companion experiences. Cerence's technology enables intuitive interactions between vehicles and drivers ultimately aiming to enhance the overall mobility infotainment experience. In sum, Cerence has a very compelling narrative, with high gross margins. That's the good news. The bad news is that the business is about to finish fiscal 2023 with free positive cash flows (barely) and its balance sheet carries around $150 million of net debt. Consequently, I stay on t Show less Read more
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