Cerence Expects Q1 Revenue Of $47M-$50M Vs $47.65M Est, FY25 Revenue Of $236M-$247M Vs $324.34M Est

Benzinga · Nov 21, 2024 20:05

First Quarter and Full Year Fiscal 2025 Outlook

For the fiscal quarter ending December 31, 2024, revenue is expected to be in the range of $47 million to $50 million. GAAP net loss is expected to be in the range of ($26) million to ($23) million. Adjusted EBITDA is expected to be in the range of ($9) million to ($6) million.

For the full fiscal year ending September 30, 2025, the company expects revenue to be in the range of $236 million to $247 million which includes an estimated $20 million of fixed contracts at the mid-point of guidance. GAAP net loss is expected to be in the range of ($40) million to ($29) million. Adjusted EBITDA is expected to be in the range of $15 million to $26 million.

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Cerence Expects Q1 Revenue Of $47M-$50M Vs $47.65M Est, FY25 Revenue Of $236M-$247M Vs $324.34M Est

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