Cerence: Fiscal Q3 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 07:54 AM ET
Last Updated - Aug 08, 2023, 07:54 AM EDT
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Tuesday reported a loss of $16.5 million in its fiscal third quarter.
The Burlington, Massachusetts-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and pretax expenses, came to 4 cents per share.
The automotive artificial intelligence developer posted revenue of $61.7 million in the period.
For the current quarter ending in September, Cerence said it expects revenue in the range of $72 million to $76 million.
