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CRNC| Name | Value |
|---|---|
| Revenues | 68.4M |
| Cost of Revenue | 25.0M |
| Gross Profit | 43.4M |
| Operating Expense | 58.3M |
| Operating I/L | -14.9M |
| Other Income/Expense | -1.8M |
| Interest Income | 1.2M |
| Pretax | -22.4M |
| Income Tax Expense | 3.7M |
| Net Income/Loss | -26.1M |
Cerence Inc. is a global provider of AI-powered virtual assistants for the mobility and transportation industry. The company offers edge software components, cloud-connected components, and related toolkits and applications, as well as virtual assistant coexistence and professional services. Their conversational artificial intelligence-based solutions encompass speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology, catering to the needs of the transportation market worldwide.
