• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Cerence to Issue Q2 Update on May 7

May 1, 2020

Cerence to Issue Q2 Update on May 7

Cerence has set a date for the publication of its Q2 results for 2020. The automotive AI specialist will issue its second-ever quarterly report as an independent company on May 7.

It’s already clear that the company has had a fairly eventful Q2. It announced a AI assistant-focused collaborative partnership with LG in January, and new in-car voice assistant tech in February; and in March, Cerence established a $125 million contract with a European car manufacturer and announced new partnerships with Geely and Fiat Chrysler Automobiles.

Having spun off from parent company Nuance Communications last October, Cerence issued promising Q1 results in February. Comparing its results to its performance as a division of Nuance in the previous fiscal year, the company saw increased GAAP revenues and a higher adjusted EBITDA. It did also report a net loss of $11.8 million, compared to a net income of $2.3 million in the previous fiscal year, the company suggested that this was largely due to added operating expenses from acquisitions.

In that report, the company also predicted that it would see GAAP revenues in the range of $80 million to $82 million in Q2, and an EBITDA between $22 million and $24 million.

Clarity will arrive at 7:00 a.m. EDT on May 7, when Cerence’s Q2 report is published; and the company will also host a conference call and webcast to discuss the results at 10:00 a.m. EDT that same day.

Filed Under: Industry News Tagged With: AI, Artificial Intelligence, automotive AI, Cerence, connected car technology, conversational AI, corporate news, fiscal updates, Nuance Communications, Q2 2020

Related News & Articles

Shopify Plus Gets Passkey Support, Care of OwnID Plugin

This Report Has Everything You Need to Know About Biometric Payment Cards

Apple to Enable iPhone POS Functionality for Small Businesses: Report

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework
  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event
  • Mobile ID Comes to Another US Campus

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld