earnings
confidence high
sentiment negative
materiality 0.70
Cerence Q2 FY22 revenue down 12.6% to $86.3M; posts GAAP net loss of $0.5M
Cerence Inc.
2022-Q2 EPS reported
$0.47
revenue$180,706,000
- Q2 FY22 GAAP revenue $86.3M (down 12.6% YoY from $98.7M); GAAP net loss $0.5M vs profit $11.2M.
- GAAP diluted EPS ($0.01); Non-GAAP diluted EPS $0.33 vs $0.69 prior year.
- Adjusted EBITDA $24.0M (27.9% margin) vs $39.3M (39.9%) prior year.
- First-half FY22 bookings $448M, up 53% YoY; company maintains full-year guidance.
- Secured four new two-wheeler customers and expanded with a North American OEM.