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 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $115.52 | $99.18 | $98.74 | |
| Short term investments | $5.44 | $9.36 | $9.78 | |
| Net receivables | $62.76 | $72.8 | $66.79 | $58.69 |
| Inventory | $1 | $1 | $1.1 | $0.9 |
| Total current assets | $265.51 | $239.56 | $232.74 | $228.36 |
| Long term investments | $5.34 | $6.71 | $7.75 | |
| Property, plant & equipment | $43.02 | $42.28 | $43.18 | $44.97 |
| Goodwill & intangible assets | $294.46 | $653.37 | $909.77 | |
| Total noncurrent assets | $434.43 | $754.36 | $1036.55 | |
| Total investments | $10.78 | $16.07 | $17.54 | |
| Total assets | $702.36 | $673.98 | $987.09 | $1264.91 |
| Current liabilities | ||||
| Accounts payable | $3.96 | $10.3 | $16.43 | $19.18 |
| Deferred revenue | $153.05 | $148.95 | $144.31 | |
| Short long term debt | $91.59 | $5.19 | $5.68 | |
| Total current liabilities | $216.81 | $183.24 | $106.65 | $119.98 |
| Long term debt | $194.81 | $201.01 | $285.9 | $285.49 |
| Total noncurrent liabilities | $336.54 | $417.04 | $413.8 | |
| Total debt | $292.6 | $291.09 | $291.16 | |
| Total liabilities | $561.26 | $519.78 | $523.69 | $533.77 |
| Shareholders' equity | ||||
| Retained earnings | -$921.74 | -$901.32 | -$587.78 | -$309.81 |
| Other shareholder equity | -$25.91 | -$28.59 | -$26.76 | -$23.5 |
| Total shareholder equity | $154.2 | $463.4 | $731.13 | |
| (in millions $) | 30 Oct 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $101.15 | $94.85 | $128.43 | |
| Short term investments | $9.21 | $20.32 | $30.43 | |
| Net receivables | $62.76 | $61.27 | $45.07 | $45.56 |
| Inventory | $1 | |||
| Total current assets | $265.51 | $225.73 | $227.52 | $287.05 |
| Long term investments | $10.61 | $11.58 | $7.34 | |
| Property, plant & equipment | $43.02 | $45.97 | $52.41 | $46.41 |
| Goodwill & intangible assets | $904.22 | $900.5 | $1153.86 | |
| Total noncurrent assets | $1071.86 | $1090.97 | $1418.68 | |
| Total investments | $19.82 | $31.9 | $37.77 | |
| Total assets | $702.36 | $1297.59 | $1318.49 | $1705.73 |
| Current liabilities | ||||
| Accounts payable | $3.96 | $16.87 | $10.37 | $11.64 |
| Deferred revenue | $222.6 | $238.63 | $276.74 | |
| Short long term debt | $5.43 | $16.01 | $10.81 | |
| Total current liabilities | $216.81 | $148.09 | $147.03 | $165.31 |
| Long term debt | $194.81 | $283.9 | $270.81 | $277.31 |
| Total noncurrent liabilities | $454.62 | $458.51 | $508.47 | |
| Total debt | $289.33 | $286.82 | $288.12 | |
| Total liabilities | $561.26 | $602.72 | $605.54 | $673.78 |
| Shareholders' equity | ||||
| Retained earnings | -$921.74 | -$333.66 | -$283.25 | $27.58 |
| Other shareholder equity | -$25.91 | -$27.97 | -$33.74 | $1.63 |
| Total shareholder equity | $694.88 | $712.95 | $1031.94 | |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $54.8 | $70.54 | $67.83 | $138.34 |
| Cost of revenue | $20.11 | $20.88 | $26.34 | |
| Gross Profit | $34.9 | $50.43 | $46.94 | $112 |
| Operating activities | ||||
| Research & development | $31.18 | $31.85 | $33.31 | |
| Selling, general & administrative | $15.04 | $22.28 | $18.86 | |
| Total operating expenses | $43.79 | $405.34 | $311.33 | $53.42 |
| Operating income | -$354.9 | -$264.38 | $58.58 | |
| Income from continuing operations | ||||
| EBIT | -$352.99 | -$263.22 | $61.43 | |
| Income tax expense | $0.03 | -$42.55 | $11.65 | $34.34 |
| Interest expense | -$1.66 | $3.1 | $3.11 | $3.24 |
| Net income | ||||
| Net income | -$20.42 | -$313.54 | -$277.98 | $23.86 |
| Income (for common shares) | -$313.54 | -$277.98 | $23.86 | |
| (in millions $) | 30 Oct 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $331.5 | $294.48 | $327.89 | $387.18 |
| Cost of revenue | $95.16 | $97.17 | $101.07 | |
| Gross Profit | $244.27 | $199.31 | $230.72 | $286.11 |
| Operating activities | ||||
| Research & development | $123.33 | $107.12 | $112.07 | |
| Selling, general & administrative | $85.41 | $73.75 | $95.66 | |
| Total operating expenses | $197.96 | $226.51 | $415.07 | $225.51 |
| Operating income | -$27.2 | -$184.34 | $60.59 | |
| Income from continuing operations | ||||
| EBIT | -$21.62 | -$184.36 | $62.27 | |
| Income tax expense | $3.47 | $19.86 | $112.08 | $2.38 |
| Interest expense | -$7.2 | $14.77 | $14.39 | $14 |
| Net income | ||||
| Net income | -$588.08 | -$56.25 | -$310.83 | $45.89 |
| Income (for common shares) | -$56.25 | -$310.83 | $45.89 | |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Net income | -$313.54 | -$277.98 | $23.86 | |
| Operating activities | ||||
| Depreciation | $2.67 | $2.7 | $2.69 | |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $6.17 | $4.75 | $8.38 | |
| Total cash flows from operations | $12.85 | $1.04 | -$2.81 | |
| Investing activities | ||||
| Capital expenditures | -$0.77 | -$1.84 | -$0.93 | |
| Investments | $5.29 | $1.47 | $2.44 | |
| Total cash flows from investing | $4.38 | $4.08 | -$0.94 | $1.19 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.06 | $0.72 | -$0.01 | |
| Net borrowings | -$0.52 | -$0.08 | -$0.12 | |
| Total cash flows from financing | $0.23 | -$0.46 | $0.65 | -$0.13 |
| Effect of exchange rate | -$1.47 | -$0.13 | -$0.3 | -$0.66 |
| Change in cash and equivalents | $20.33 | $16.35 | $0.44 | -$2.42 |
| (in millions $) | 30 Oct 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Net income | -$56.25 | -$310.83 | $45.89 | |
| Operating activities | ||||
| Depreciation | $16.04 | $23.94 | $29.66 | |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $40.77 | $28.08 | $60.55 | |
| Total cash flows from operations | $7.5 | -$2.14 | $74.39 | |
| Investing activities | ||||
| Capital expenditures | -$5.12 | -$17.45 | -$12.05 | |
| Investments | $12.3 | $4.86 | -$30.68 | |
| Total cash flows from investing | $4.38 | $5.82 | -$10.56 | -$41.63 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.73 | -$12.94 | -$34.25 | |
| Net borrowings | -$6.07 | -$6.67 | -$7.26 | |
| Total cash flows from financing | $0.23 | -$5.33 | -$19.61 | -$41.51 |
| Effect of exchange rate | -$1.47 | -$1.68 | -$1.27 | $1.11 |
| Change in cash and equivalents | $20.33 | $6.31 | -$33.58 | -$7.64 |
News
Fundamentals
| Market cap | $321.56M |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 41.92M |
| Revenue | $331.50M |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | -$588.08M |
| Revenue Q/Q | -32.14% |
| Revenue Y/Y | 12.57% |
| P/E ratio | -0.55 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 0.97 |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | -$14.03 |
|---|---|
| ROA | -64.83% |
| ROE | N/A |
| Debt/Equity | N/A |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 1.22 |
| Quick ratio | 1.22 |