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BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Tuesday reported a loss of $16.5 million in its fiscal third quarter.
The Burlington, Massachusetts-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and pretax expenses, came to 4 cents per share.
The automotive artificial intelligence developer posted revenue of $61.7 million in the period.
For the current quarter ending in September, Cerence said it expects revenue in the range of $72 million to $76 million.
The company expects full-year revenue in the range of $286 million to $290 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CRNC">Zacks stock report on CRNC at https://www.zacks.com/ap/CRNC