BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Wednesday reported a loss of $13.4 million in its fiscal fourth quarter.
The Burlington, Massachusetts-based company said it had a loss of 31 cents per share. Earnings, adjusted for pretax expenses and stock option expense, were 6 cents per share.
The automotive artificial intelligence developer posted revenue of $60.6 million in the period.
For the year, the company reported a loss of $18.7 million, or 43 cents per share. Revenue was reported as $251.8 million.
For the current quarter ending in December, Cerence said it expects revenue in the range of $110 million to $120 million.
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