earnings
confidence high
sentiment negative
materiality 0.70
Cerence reports Q3 FY22 GAAP net loss of $99.3M; revenue down 8% YoY to $89M
Cerence Inc.
2022-Q3 EPS reported
-$2.06
revenue$269,747,000
- GAAP net loss of $99.3M ($2.53 diluted loss per share); non-GAAP net income of $17.0M ($0.43 diluted EPS)
- Revenue of $89.0M, down 8% from $96.8M in Q3 FY21; GAAP gross margin 72.8%
- Record professional services revenue; secured a win back from Big Tech
- Non-GAAP operating margin 29.4% vs 37.7% a year ago; adjusted EBITDA margin 32.0%
- Nine-month revenue $269.7M vs $289.1M; non-GAAP net income $55.9M vs $78.8M