earnings
confidence high
sentiment negative
materiality 0.85
Cerence Q1 FY2025 revenue $50.9M down 63% YoY; GAAP net loss $24.3M
Cerence Inc.
2025-Q1 EPS reported
-$0.57
revenue$50,896,000
- GAAP revenue $50.9M vs $138.3M prior year; GAAP net loss of $24.3M ($0.57 diluted loss per share).
- Non-GAAP net loss $1.5M vs $54.3M income; adjusted EBITDA $1.4M vs $70.4M.
- Gross margin declined: GAAP 65.0% vs 81.0%; non-GAAP 65.9% vs 81.5%.
- Q1 FY24 included $86.6M non-cash Toyota 'Legacy' revenue; Q1 FY25 revenue reflects ongoing transition.
- GAAP operating margin swung from +42.3% to -33.3% year-over-year.