BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Thursday reported profit of $1.5 million in its fiscal third quarter.
The Burlington, Massachusetts-based company said it had net income of 3 cents per share. Earnings, adjusted for stock option expense, came to 15 cents per share.
The automotive artificial intelligence developer posted revenue of $69.6 million in the period.
For the current quarter ending in September, Cerence said it expects revenue in the range of $61 million to $65 million.
The company expects a full-year loss of 2 cents to 6 cents per share, with revenue ranging from $310 million to $314 million.
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