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Mar 31, 2021
Cerence Q2 2021 Earnings Report
Cerence achieved record revenue and exceeded quarterly guidance.
Key Takeaways
Cerence reported a record second quarter with revenue reaching $98.7 million, a 14% increase compared to the same quarter last fiscal year. The company exceeded its quarterly guidance on all GAAP and non-GAAP financial metrics and delivered strong GAAP Net Income of $11.2M and Adjusted EBITDA of $39.3M. Cerence also raised its full-year revenue and profitability guidance.
Set new quarterly record of $98.7M in revenue, up 14% compared to the same quarter last fiscal year
Exceeded company quarterly guidance on all GAAP and non-GAAP financial metrics
Continued to deliver strong GAAP Net Income of $11.2M, and Adjusted EBITDA of $39.3M
Raised full year revenue and profitability guidance
Cerence
Cerence
Cerence Revenue by Segment
Revenue by Segment
License Revenue
CapyFin.com Forward Guidance
For the fiscal quarter ending June 30, 2021, Revenue is expected to be in the range of $94M to $97M representing a 25% to 29% increase compared to the same period in the prior year. GAAP Net Income is expected to be in the range of $4M to $5M, and Adjusted EBITDA is expected to be in the range of $34M to $37M. For the fiscal year ending September 30, 2021, the Revenue range was increased and is now expected to be in the range of $380M to $390M, representing a 15% to 18% increase compared to the prior year. GAAP Net Income for the fiscal year is expected to be in the range of $35 to $42M. Adjusted EBITDA for the full year is expected to be in the range of $143M to $152M.