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BURLINGTON, Mass. - Cerence Inc. (NASDAQ:CRNC), whose stock has surged over 48% in the past week according to InvestingPro data, announced Thursday it has integrated its Audio AI suite into HARMAN’s AudioworX platform, combining its automotive audio technology with HARMAN’s development framework.
The integration brings Cerence’s Speech Signal Enhancement, In-Car Communication, and Emergency Vehicle Detection capabilities to HARMAN’s comprehensive tool suite for automotive audio product development. This strategic move comes as Cerence maintains a solid financial position with a current ratio of 1.77, indicating strong ability to meet short-term obligations.
Cerence’s Speech Signal Enhancement technology filters unwanted noise and creates speaking zones to improve phone call clarity and voice assistant performance. The In-Car Communication feature functions as an intercom system within vehicles, amplifying conversations between passengers and drivers.
The Emergency Vehicle Detection system alerts drivers about approaching emergency vehicles, using existing microphones to recognize siren signals and their direction, allowing drivers to adjust their driving accordingly.
"The car can be a noisy space, and Cerence’s Audio AI suite is built to help drivers, passengers, and vehicle assistants both listen and be heard, while also helping keep them safe," said Nils Schanz, Executive Vice President of Product & Technology at Cerence AI.
Rajesh Chilukuri, Senior Director of Car Audio at HARMAN, stated that AudioworX simplifies the development process for automakers to deploy in-vehicle experiences more quickly.
The collaboration aims to enhance the in-car audio experience by combining Cerence’s conversational AI technology with HARMAN’s audio framework, according to the companies’ press release statement.
Cerence, headquartered in Burlington, Massachusetts, specializes in AI-powered user experiences for the automotive and transportation industries. With a market capitalization of approximately $586 million and a gross profit margin of 71%, the company shows promising fundamentals despite current market volatility. InvestingPro analysis reveals 14 additional key insights about Cerence’s market position and growth potential, available to subscribers along with comprehensive research reports that transform complex financial data into actionable intelligence.
In other recent news, Cerence Inc. reported its third-quarter fiscal year 2025 earnings, surpassing expectations for both earnings per share (EPS) and revenue. The company posted an EPS of -$0.06, outperforming the forecast of -$0.13, marking a surprise of 53.85%. Revenue reached $62.2 million, exceeding the anticipated $54.94 million. These results indicate stronger-than-expected performance for the quarter. The announcement reflects positively on Cerence, as investor optimism was noted following the earnings release. While specific stock price movements were observed, they are not detailed here. The earnings report is a key development for investors tracking Cerence’s financial health. These recent developments highlight Cerence’s ability to outperform market expectations.
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