Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and virtual assistant coexistence and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.
Revenue of Cerence Inc. (CRNC)
Revenue in 2023 (TTM): $294.48 M
According to Cerence Inc.'s latest financial reports the company's current revenue (TTM) is $294.48 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Cerence Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $294.48 M | $199.31 M | $6.34 M | $-36,389,000 | $-56,254,000 |
| 2022 | $327.89 M | $230.72 M | $62.27 M | $-198,751,000 | $-310,826,000 |
| 2021 | $387.18 M | $286.11 M | $97.02 M | $48.27 M | $45.89 M |
| 2020 | $329.65 M | $221.8 M | $44.88 M | $-26,140,000 | $-20,631,000 |
| 2019 | $306.5 M | $207.57 M | $93.6 M | $14.42 M | $102.08 M |
| 2018 | $276.98 M | $194.02 M | $96.51 M | $36.8 M | $5.88 M |
| 2017 | $244.73 M | $176.2 M | $88.55 M | $63.2 M | $47.28 M |
| 2016 | $211.14 M | $150.57 M | $71.4 M | $47.26 M | $34.94 M |