Cerence Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported revenue was USD 89.04 million compared to USD 96.8 million a year ago. Net loss was USD 99.27 million compared to net income of USD 5.8 million a year ago. Basic loss per share from continuing operations was USD 2.53 compared to basic earnings per share from continuing operations of USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 2.53 compared to diluted earnings per share from continuing operations of USD 0.15 a year ago.
For the nine months, revenue was USD 269.75 million compared to USD 289.11 million a year ago. Net loss was USD 80.7 million compared to net income of USD 37.9 million a year ago. Basic loss per share from continuing operations was USD 2.06 compared to basic earnings per share from continuing operations of USD 1.01 a year ago. Diluted loss per share from continuing operations was USD 2.06 compared to diluted earnings per share from continuing operations of USD 0.97 a year ago.