UPDATE: Cerence Reaffirms Q4 Revenue Guidance Range Of $44M-$50M
Portfolio Pulse from Benzinga Newsdesk
Cerence has reaffirmed its Q4 fiscal 2024 revenue guidance, expecting revenue between $44M and $50M, a GAAP net loss of $32M to $28M, and an adjusted EBITDA loss of $19M to $13M.
October 07, 2024 | 12:12 pm
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Cerence reaffirms its Q4 fiscal 2024 guidance with expected revenue between $44M and $50M, a GAAP net loss of $32M to $28M, and an adjusted EBITDA loss of $19M to $13M.
The reaffirmation of guidance suggests stability in expectations, which is neutral for the stock price. The expected losses are significant but were previously announced, so they are likely already priced in.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100