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Sep 30, 2024
Cerence Q4 2024 Earnings Report
Cerence's Q4 results exceeded guidance, with positive cash flow and progress in generative AI solutions.
Key Takeaways
Cerence reported Q4 revenue exceeding the high end of guidance and positive cash flow from operations. The company's transformation plan is on track, and it saw a record number of platform launches, including generative AI solutions.
Q4 Revenue exceeded high end of guidance; positive cash flow from operations of $6.1 million
Transformation plan on track to deliver net annualized cost savings of $35-$40 million
Initial FY25 revenue guidance of $236 to $247 million
Record high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4
Cerence
Cerence
Cerence Revenue by Segment
Revenue by Segment
License Revenue
CapyFin.comConnected services Revenue
CapyFin.comProfessional services Revenue
CapyFin.com Forward Guidance
For the fiscal quarter ending December 31, 2024, revenue is expected to be in the range of $47 million to $50 million. GAAP net loss is expected to be in the range of ($26) million to ($23) million. Adjusted EBITDA is expected to be in the range of ($9) million to ($6) million. For the full fiscal year ending September 30, 2025, the company expects revenue to be in the range of $236 million to $247 million which includes an estimated $20 million of fixed contracts at the mid-point of guidance. GAAP net loss is expected to be in the range of ($40) million to ($29) million. Adjusted EBITDA is expected to be in the range of $15 million to $26 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income