Cerence Inc (NAS:CRNC)
$ 3.04 0.03 (1%) Market Cap: 127.00 Mil Enterprise Value: 308.31 Mil PE Ratio: 0 PB Ratio: 0.27 GF Score: 59/100

Cerence Inc at Evercore ISI Autotech & AI Forum (Virtual) Transcript

May 24, 2023 / 04:00PM GMT
Release Date Price: $25.42 (-2.49%)
Chris McNally
Evercore ISI Research - Analyst

Hello, everyone, and welcome back for the next session of the Autotech and AI Conference. Chris McNally here, Evercore ISI, head of auto and mobility. And it's our pleasure to have the CEO and CFO of Cerence, Stefan Ortmanns and Tom Beaudoin; obviously, Rich as well. Thanks so much for joining, gentlemen.

So I think most of you are somewhat familiar with Cerence. Spun off in Nuance in 2019; a software, pure play, Tier 2 automotive supplier, fully levered for the in-cabin vehicle experience with auto-grade voice recognition, mobility, and interior-focused AI.

And Cerence is really the largest player inside the automotive-grade voice recognition, working with over 80 OEMs to Tier 1 suppliers, with their tech in over 450 million cars. Being a software company within auto service can also generate very high gross margins while levered through an expanding user and reoccurring base.

Stefan, Tom, and Rich, thank you so much for joining us today.

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