Craft

Cerence

Stock Price

$14.3

2024-04-05

Market Capitalization

$600.5 M

2024-04-04

Revenue

$294.5 M

FY, 2023

Cerence Summary

Company Summary

Overview
Cerence is a company that develops AI-powered assistance technologies for the automotive industry. It offers mobility platforms and provides voice assistance, navigation context data production, data analytics and visualization, emergency vehicle detection, and other solutions. The company also specializes in business services that include product development, software engineering, customer experience, compliance, etc.
Type
Public
Status
Active
Founded
2019
HQ
Burlington, MA, US | view all locations
Website
https://cerence.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Stefan Ortmanns

    Stefan Ortmanns, Chief Executive Officer and Director

  • Bridget Collins

    Bridget Collins, Chief Transformation Officer and CIO

  • Thomas Beaudoin

    Thomas Beaudoin, Chief Financial Officer and Director

  • Iqbal Arshad

    Iqbal Arshad, Chief Technology Officer

Operating MetricsView all

New Vehicles

47M
17.5%

FY, 2023

Vehicles Served

475M
5.6%

FY, 2023

Languages Supported

70

FY, 2023

LocationsView all

20 locations detected

  • Burlington, MA HQ

    United States

    1 Burlington Woods Dr #301A

  • Farmington Hills, MI

    United States

    39255 Country Club Dr, Suites B-30

  • Ieper, Vlaanderen

    Belgium

    Dehemlaan 31/9

  • Merelbeke, Vlaams Gewest

    Belgium

    Guldensporenpark 32, Building 4, Floors - 3rd and 4th

  • Montréal, QC

    Canada

    1500 Boulevard Robert-Bourassa #910, 915 & 935

  • Beijing, Beijing Shi

    China

    One Indigo Office Tower #502-503, 20 Jiuxianqiao Road, Chaoyang District

and 14 others

Cerence Financials

Summary Financials

Revenue (Q1, 2024)
$138.3M
Gross profit (Q1, 2024)
$112.0M
Net income (Q1, 2024)
$23.9M
Cash (Q1, 2024)
$74.0M
EBIT (Q1, 2024)
$58.6M
Enterprise value
$804.2M

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