Cerence Q4 revenue $54.8M beats guidance, positive cash flow; FY25 outlook $236-247M

Cerence Inc.

2024-FY EPS reported -$14.12 revenue$331,504,000

Q4 revenue $54.8M exceeded high end of guidance; cash flow from operations $6.1M positive.
FY24 GAAP revenue $331.5M (incl. $86.6M Toyota legacy non-cash); GAAP net loss $588.1M, EPS loss $14.12.
Non-GAAP net income $56.1M, adjusted EBITDA $80.6M; non-GAAP EPS $1.23 vs $0.36 YoY.
FY25 revenue guidance $236-247M; transformation plan on track for $35-40M annualized cost savings.
Record 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4.

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