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Cerence | 8-K: Cerence Announces Fourth Quarter and Fiscal Year 2024 Results

Cerence | 8-K: Cerence Announces Fourth Quarter and Fiscal Year 2024 Results

Cerence | 8-K:Cerence公佈第四季度和2024財年業績
美股SEC公告 ·  2024/11/21 04:15

Moomoo AI 已提取核心訊息

Cerence reported Q4 FY24 revenue of $54.8M, exceeding guidance, with operating cash flow of $6.1M. The company achieved 22 platform launches in FY24, including 6 for generative AI solutions. However, Q4 GAAP net loss widened to $20.4M from $11.6M year-over-year, with non-GAAP operating margin declining to -7.2% from 17.8%.The company's transformation plan remains on track to deliver net annualized cost savings of $35-40M. Throughout FY24, Cerence maintained its market leadership with technology present in 52% of worldwide auto production and saw a 16% increase in connected cars shipped.For FY25, Cerence projects revenue between $236-247M, including $20M from fixed contracts. Q1 FY25 revenue is expected to be $47-50M with adjusted EBITDA between -$9M to -$6M. The company anticipates full-year adjusted EBITDA of $15-26M, reflecting ongoing transformation efforts.
Cerence reported Q4 FY24 revenue of $54.8M, exceeding guidance, with operating cash flow of $6.1M. The company achieved 22 platform launches in FY24, including 6 for generative AI solutions. However, Q4 GAAP net loss widened to $20.4M from $11.6M year-over-year, with non-GAAP operating margin declining to -7.2% from 17.8%.The company's transformation plan remains on track to deliver net annualized cost savings of $35-40M. Throughout FY24, Cerence maintained its market leadership with technology present in 52% of worldwide auto production and saw a 16% increase in connected cars shipped.For FY25, Cerence projects revenue between $236-247M, including $20M from fixed contracts. Q1 FY25 revenue is expected to be $47-50M with adjusted EBITDA between -$9M to -$6M. The company anticipates full-year adjusted EBITDA of $15-26M, reflecting ongoing transformation efforts.
Cerence公佈FY24第四季度營業收入爲5480萬,超出預期,經營現金流爲610萬。該公司在FY24實現了22個平台的發佈,其中包括6個生成性人工智能解決方案。然而,第四季度的GAAP淨虧損從去年的1160萬擴大至2040萬,非GAAP營業利潤率從17.8%降至-7.2%。該公司的轉型計劃仍在按計劃進行,預計每年可以節省淨成本3500-4000萬。在FY24期間,Cerence繼續保持市場領先地位,其科技在全球52%的汽車生產中應用,並且連接汽車的出貨量增長了16%。對於FY25,Cerence預測營業收入在23600-24700萬之間,其中包括來自固定合同的2000萬。FY25第一季度的營業收入預計爲4700-5000萬,調整後的EBITDA在-900萬到-600萬之間。該公司預計全年調整後EBITDA將達到1500-2600萬,反映出持續的轉型努力。
Cerence公佈FY24第四季度營業收入爲5480萬,超出預期,經營現金流爲610萬。該公司在FY24實現了22個平台的發佈,其中包括6個生成性人工智能解決方案。然而,第四季度的GAAP淨虧損從去年的1160萬擴大至2040萬,非GAAP營業利潤率從17.8%降至-7.2%。該公司的轉型計劃仍在按計劃進行,預計每年可以節省淨成本3500-4000萬。在FY24期間,Cerence繼續保持市場領先地位,其科技在全球52%的汽車生產中應用,並且連接汽車的出貨量增長了16%。對於FY25,Cerence預測營業收入在23600-24700萬之間,其中包括來自固定合同的2000萬。FY25第一季度的營業收入預計爲4700-5000萬,調整後的EBITDA在-900萬到-600萬之間。該公司預計全年調整後EBITDA將達到1500-2600萬,反映出持續的轉型努力。
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