NASDAQ$CRNC
Cerence Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Cerence reported strong financial performance in its first quarter as an independent company.
Cerence's Q1 2020 GAAP revenue increased by approximately 7% year over year. The company won 7 new OEM design wins, including a next-generation platform decision for a major European OEM, and achieved 30 Vehicle Model SOPs with 10 different OEMs.
- GAAP revenue increased approximately 7% year over year.
- Delivered strong financial performance first quarter as an independent company.
- Won 7 new OEM design wins including a next generation platform decision for a major European OEM.
- Achieved 30 Vehicle Model SOPs (Start of Production) with 10 different OEMs.
Headline financials
Revenue & EPS history
Cerence · Revenue · Quarterly
$77.5M
Revenue by segment
Cerence · $77.5M total across 3 segments · Q1 2020
- License$40.8M-7.4%52.6%
- Connected Services$23M+33.4%29.7%
- Professional Services$13.7M+21.8%17.6%
Forward guidance
For the fiscal quarter ending March 31, 2020, GAAP revenue is expected to be in the range of $80M to $82M representing a 15% increase at the midpoint compared to the same period in the prior year. Adjusted EBITDA for Q2FY20 is expected to be in the range of $22M to $24M. Cerence reaffirms its full-year GAAP revenue guidance of $321M to $336M that was previously disclosed on December 17, 2019, while raising all its profitability metrics including non-GAAP gross margin, non-GAAP operating margin and adjusted EBITDA.
Tailwinds
- GAAP revenue is expected to be in the range of $80M to $82M, representing a 15% increase at the midpoint compared to the same period in the prior year.
- Adjusted EBITDA for Q2FY20 is expected to be in the range of $22M to $24M.
- Reaffirms full-year GAAP revenue guidance of $321M to $336M.
- Raising all its profitability metrics including non-GAAP gross margin.
- Raising all its profitability metrics including non-GAAP operating margin and adjusted EBITDA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+6.5%
Avg return
Earnings day
+6.5%
Avg return
5 days after
+8.5%
Avg return
30 days after
67%
20 / 30 earnings
Positive
+155.3%
Q4 2024
Best reaction
-44.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +3.8% | +1.3% | +0.5% | |
| Q1 2026 | +4.1% | -18.6% | -29.2% | |
| Q4 2025 | +26.8% | +29.5% | +41.7% | |
| Q2 2025 | -12.1% | +1.7% | +1.8% | |
| Q1 2025 | +13.7% | +12.1% | -19.1% | |
| Q4 2024 | +155.3% | +129.4% | +172.0% | |
| Q3 2024 | +6.3% | +6.1% | +23.2% | |
| Q2 2024 | -44.0% | -47.8% | -68.2% | |
| Q1 2024 | -20.2% | -16.6% | -29.5% | |
| Q4 2023 | +2.2% | +1.7% | +15.4% | |
| Q3 2023 | +2.1% | +1.4% | -7.0% | |
| Q2 2023 | -13.6% | -10.7% | +14.5% | |
| Q1 2023 | +3.7% | +1.9% | -9.5% | |
| Q4 2022 | +33.5% | +25.0% | +22.1% | |
| Q3 2022 | -20.4% | -20.7% | -37.3% | |
| Q2 2022 | -1.6% | +10.2% | +11.3% | |
| Q1 2022 | -28.0% | -31.8% | -48.5% | |
| Q4 2021 | -24.8% | -25.9% | -30.6% | |
| Q3 2021 | +12.9% | +10.0% | -1.4% | |
| Q2 2021 | -4.3% | -5.3% | +29.0% | |
| Q1 2021 | -3.8% | +6.2% | -19.1% | |
| Q4 2018 | +19.0% | +22.7% | +43.0% | |
| Q4 2020 | +6.0% | +27.4% | +42.4% | |
| Q3 2019 | +4.3% | -1.3% | -1.4% | |
| Q3 2020 | +31.2% | +21.3% | +24.4% | |
| Q2 2019 | +9.3% | +8.0% | +63.5% | |
| Q2 2020 | +13.8% | +27.1% | +83.3% | |
| Q1 2019 | +3.3% | +2.5% | -25.7% | |
| Q1 2020 | +2.5% | +5.9% | -28.6% | |
| Q4 2019 | +15.5% | +21.1% | +21.0% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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