CRNC - Cerence Inc.
NASDAQ
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Technology
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Software—Application
Burlington,
United States
Type: Equity
CRNC price evolution
CRNC
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $115.52 | $99.18 | $98.74 | $101.15 |
| Short term investments | $5.44 | $9.36 | $9.78 | $9.21 |
| Net receivables | $72.8 | $66.79 | $58.69 | $61.27 |
| Inventory | $1 | $1.1 | $0.9 | |
| Total current assets | $239.56 | $232.74 | $228.36 | $225.73 |
| Long term investments | $5.34 | $6.71 | $7.75 | $10.61 |
| Property, plant & equipment | $42.28 | $43.18 | $44.97 | $45.97 |
| Goodwill & intangible assets | $294.46 | $653.37 | $909.77 | $904.22 |
| Total noncurrent assets | $434.43 | $754.36 | $1036.55 | $1071.86 |
| Total investments | $10.78 | $16.07 | $17.54 | $19.82 |
| Total assets | $673.98 | $987.09 | $1264.91 | $1297.59 |
| Current liabilities | ||||
| Accounts payable | $10.3 | $16.43 | $19.18 | $16.87 |
| Deferred revenue | $153.05 | $148.95 | $144.31 | $222.6 |
| Short long term debt | $91.59 | $5.19 | $5.68 | $5.43 |
| Total current liabilities | $183.24 | $106.65 | $119.98 | $148.09 |
| Long term debt | $201.01 | $285.9 | $285.49 | $283.9 |
| Total noncurrent liabilities | $336.54 | $417.04 | $413.8 | $454.62 |
| Total debt | $292.6 | $291.09 | $291.16 | $289.33 |
| Total liabilities | $519.78 | $523.69 | $533.77 | $602.72 |
| Shareholders' equity | ||||
| Retained earnings | -$901.32 | -$587.78 | -$309.81 | -$333.66 |
| Other shareholder equity | -$28.59 | -$26.76 | -$23.5 | -$27.97 |
| Total shareholder equity | $154.2 | $463.4 | $731.13 | $694.88 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $101.15 | $94.85 | $128.43 | $136.07 |
| Short term investments | $9.21 | $20.32 | $30.43 | $11.66 |
| Net receivables | $61.27 | $45.07 | $45.56 | $49.94 |
| Inventory | ||||
| Total current assets | $225.73 | $227.52 | $287.05 | $249.15 |
| Long term investments | $10.61 | $11.58 | $7.34 | |
| Property, plant & equipment | $45.97 | $52.41 | $46.41 | $49.63 |
| Goodwill & intangible assets | $904.22 | $900.5 | $1153.86 | $1173.81 |
| Total noncurrent assets | $1071.86 | $1090.97 | $1418.68 | $1438.3 |
| Total investments | $19.82 | $31.9 | $37.77 | $11.66 |
| Total assets | $1297.59 | $1318.49 | $1705.73 | $1687.44 |
| Current liabilities | ||||
| Accounts payable | $16.87 | $10.37 | $11.64 | $8.45 |
| Deferred revenue | $222.6 | $238.63 | $276.74 | $325.09 |
| Short long term debt | $5.43 | $16.01 | $10.81 | $11.95 |
| Total current liabilities | $148.09 | $147.03 | $165.31 | $200.77 |
| Long term debt | $283.9 | $270.81 | $277.31 | $284.69 |
| Total noncurrent liabilities | $454.62 | $458.51 | $508.47 | $528.91 |
| Total debt | $289.33 | $286.82 | $288.12 | $296.64 |
| Total liabilities | $602.72 | $605.54 | $673.78 | $729.69 |
| Shareholders' equity | ||||
| Retained earnings | -$333.66 | -$283.25 | $27.58 | -$20.63 |
| Other shareholder equity | -$27.97 | -$33.74 | $1.63 | $3.71 |
| Total shareholder equity | $694.88 | $712.95 | $1031.94 | $957.76 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $70.54 | $67.83 | $138.34 | $80.76 |
| Cost of revenue | $20.11 | $20.88 | $26.34 | $23.03 |
| Gross Profit | $50.43 | $46.94 | $112 | $57.74 |
| Operating activities | ||||
| Research & development | $31.18 | $31.85 | $33.31 | $35.14 |
| Selling, general & administrative | $15.04 | $22.28 | $18.86 | $17.3 |
| Total operating expenses | $405.34 | $311.33 | $53.42 | $53.84 |
| Operating income | -$354.9 | -$264.38 | $58.58 | $3.9 |
| Income from continuing operations | ||||
| EBIT | -$352.99 | -$263.22 | $61.43 | $3.48 |
| Income tax expense | -$42.55 | $11.65 | $34.34 | $11.9 |
| Interest expense | $3.1 | $3.11 | $3.24 | $3.13 |
| Net income | ||||
| Net income | -$313.54 | -$277.98 | $23.86 | -$11.55 |
| Income (for common shares) | -$313.54 | -$277.98 | $23.86 | -$11.55 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $294.48 | $327.89 | $387.18 | $329.65 |
| Cost of revenue | $95.16 | $97.17 | $101.07 | $107.85 |
| Gross Profit | $199.31 | $230.72 | $286.11 | $221.79 |
| Operating activities | ||||
| Research & development | $123.33 | $107.12 | $112.07 | $88.9 |
| Selling, general & administrative | $85.41 | $73.75 | $95.66 | $82.78 |
| Total operating expenses | $226.51 | $415.07 | $225.51 | $202.46 |
| Operating income | -$27.2 | -$184.34 | $60.59 | $19.33 |
| Income from continuing operations | ||||
| EBIT | -$21.62 | -$184.36 | $62.27 | -$3.4 |
| Income tax expense | $19.86 | $112.08 | $2.38 | -$5.51 |
| Interest expense | $14.77 | $14.39 | $14 | $22.74 |
| Net income | ||||
| Net income | -$56.25 | -$310.83 | $45.89 | -$20.63 |
| Income (for common shares) | -$56.25 | -$310.83 | $45.89 | -$20.63 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | -$313.54 | -$277.98 | $23.86 | -$11.55 |
| Operating activities | ||||
| Depreciation | $2.67 | $2.7 | $2.69 | $2.89 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $6.17 | $4.75 | $8.38 | $8.96 |
| Total cash flows from operations | $12.85 | $1.04 | -$2.81 | $11.26 |
| Investing activities | ||||
| Capital expenditures | -$0.77 | -$1.84 | -$0.93 | -$1.53 |
| Investments | $5.29 | $1.47 | $2.44 | $10.12 |
| Total cash flows from investing | $4.08 | -$0.94 | $1.19 | $8.27 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.06 | $0.72 | -$0.01 | $0.88 |
| Net borrowings | -$0.52 | -$0.08 | -$0.12 | -$5.19 |
| Total cash flows from financing | -$0.46 | $0.65 | -$0.13 | -$4.31 |
| Effect of exchange rate | -$0.13 | -$0.3 | -$0.66 | -$0.16 |
| Change in cash and equivalents | $16.35 | $0.44 | -$2.42 | $15.05 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$56.25 | -$310.83 | $45.89 | -$20.63 |
| Operating activities | ||||
| Depreciation | $16.04 | $23.94 | $29.66 | $30.04 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $40.77 | $28.08 | $60.55 | $47.28 |
| Total cash flows from operations | $7.5 | -$2.14 | $74.39 | $44.79 |
| Investing activities | ||||
| Capital expenditures | -$5.12 | -$17.45 | -$12.05 | -$19.01 |
| Investments | $12.3 | $4.86 | -$30.68 | -$11.66 |
| Total cash flows from investing | $5.82 | -$10.56 | -$41.63 | -$30.68 |
| Financing activities | ||||
| Dividends paid | -$152.98 | |||
| Sale and purchase of stock | $0.73 | -$12.94 | -$34.25 | -$8.05 |
| Net borrowings | -$6.07 | -$6.67 | -$7.26 | $269.62 |
| Total cash flows from financing | -$5.33 | -$19.61 | -$41.51 | $121.55 |
| Effect of exchange rate | -$1.68 | -$1.27 | $1.11 | $0.4 |
| Change in cash and equivalents | $6.31 | -$33.58 | -$7.64 | $136.07 |
News
Fundamentals
| Market cap | $243.72M |
|---|---|
| Enterprise value | $420.80M |
| Shares outstanding | 41.80M |
| Revenue | $357.46M |
|---|---|
| EBITDA | -$540.36M |
| EBIT | -$551.30M |
| Net Income | -$579.21M |
| Revenue Q/Q | 14.40% |
| Revenue Y/Y | 31.49% |
| P/E ratio | -0.42 |
|---|---|
| EV/Sales | 1.18 |
| EV/EBITDA | -0.78 |
| EV/EBIT | -0.76 |
| P/S ratio | 0.68 |
| P/B ratio | 1.33 |
| Book/Share | 4.37 |
| Cash/Share | 2.76 |
| EPS | -$13.86 |
|---|---|
| ROA | -54.86% |
| ROE | -113.37% |
| Debt/Equity | 0.87 |
|---|---|
| Net debt/EBITDA | -0.75 |
| Current ratio | 1.31 |
| Quick ratio | 1.30 |