In This Article:
Cerence (NASDAQ:CRNC) Full Year 2024 Results
Key Financial Results
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Revenue: US$331.5m (up 13% from FY 2023).
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Net loss: US$588.1m (loss widened by US$531.8m from FY 2023).
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US$14.12 loss per share (further deteriorated from US$1.40 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cerence Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%.
Performance of the American Software industry.
The company's shares are up 91% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Cerence (1 is a bit unpleasant!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.