Headquartered in Burlington, MA Fiscal year ends September NASDAQ: CRNC cerence.com
Cerence Inc. (NASDAQ: CRNC) is a global technology company that creates AI-powered conversational user experiences for the automotive and transportation industries. The company leverages decades of expertise in voice technology, generative AI, and large language models to power integrated in-vehicle experiences for drivers and passengers. Cerence's product portfolio spans embedded and connected solutions including variable and fixed licensing of its core technology platform, connected cloud-based services (subscription and usage-based), and professional services for custom implementations. With more than 525 million cars shipped with Cerence technology, the company holds approximately 50% penetration of worldwide auto production. Its customers include major global automakers such as Stellantis. Cerence is expanding beyond its core automotive market into adjacent markets with products like its Mobile Work Agent. The company generates revenue through three segments: License (variable royalties from per-unit production, fixed prepaid bulk contracts, and IP licensing), Connected Services (cloud-based subscription and usage services), and Professional Services (custom design and integration work). Updated
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Cerence Inc. (NASDAQ: CRNC) is a global technology company that creates AI-powered conversational user experiences for the automotive and transportation industries.
The Wall Street consensus 12-month price target for CRNC is $10.75.
