Cerence Inc. reported earnings results for the fourth quarter and full year ended September 30, 2022. For the fourth quarter, the company reported revenue was USD 58.14 million compared to USD 98.08 million a year ago. Net loss was USD 230.13 million compared to net income of USD 7.99 million a year ago. Basic loss per share from continuing operations was USD 5.84 compared to basic earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 5.84 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
For the full year, revenue was USD 327.89 million compared to USD 387.18 million a year ago. Net loss was USD 310.83 million compared to net income of USD 45.89 million a year ago. Basic loss per share from continuing operations was USD 7.93 compared to basic earnings per share from continuing operations of USD 1.22 a year ago. Diluted loss per share from continuing operations was USD 7.93 compared to diluted earnings per share from continuing operations of USD 1.17 a year ago.