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00:02Cerebra Systems raised its full-year guidance in its second earnings report since its Maywine
00:06PO, but shares fell about 14% in extended trading, according to CNBC. The company reported $180
00:13million in revenue, below the $194 million expected, while its adjusted loss of $0.05
00:18per share beat expectations for a $0.17 loss. The company raised its full-year core revenue
00:24outlook to between $880 million and $890 million from a prior range of $855 million to $865
00:33million. Cerebras posted a $450.5 million net loss, largely due to $386.6 million in stock
00:42compensation costs, compared with a $309.5 million profit a year earlier. Cerebras is competing
00:49with NVIDIA in low-latency AI tasks through what it calls fast inference. The company
00:54expects core gross margin to reach 38% to 40% this quarter, with Feldman saying premium
00:59pricing for fast inference is supporting margin growth. For all things money, visit Benzinga.com.
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