Cerence Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 67.83 million compared to USD 68.39 million a year ago. Net loss was USD 277.98 million compared to USD 26.09 million a year ago. Basic loss per share from continuing operations was USD 6.66 compared to USD 0.65 a year ago. Diluted loss per share from continuing operations was USD 6.66 compared to USD 0.65 a year ago.
For the six months, revenue was USD 206.16 million compared to USD 152.05 million a year ago. Net loss was USD 254.12 million compared to USD 28.25 million a year ago. Basic loss per share from continuing operations was USD 6.13 compared to USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 6.13 compared to USD 0.7 a year ago.