BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Wednesday reported a loss of $5.2 million in its fiscal first quarter.
The Burlington, Massachusetts-based company said it had a loss of 12 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were 99 cents per share.
The automotive artificial intelligence developer posted revenue of $115.1 million in the period.
For the current quarter ending in March, Cerence said it expects revenue in the range of $58 million to $62 million.
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