Cerence Inc. financial data

Symbol
CRNC on Nasdaq
Industry
Services-Prepackaged Software
Location
25 Mall Road, Suite 416, Burlington, Massachusetts
State of incorporation
Delaware
Fiscal year end
September 30
Former names
Cerence LLC (to 8/30/2019)
Latest financial report
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 167 % +10.3%
Debt-to-equity 87.6 % +8.88%
Return On Equity -43.5 % +5.9%
Return On Assets -23.2 % +9.48%
Operating Margin -60.4 % +23.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 41.8M shares +3.64%
Common Stock, Shares, Outstanding 41.8M shares +3.69%
Entity Public Float 1.1B USD -21.4%
Common Stock, Value, Issued 417K USD +3.47%
Weighted Average Number of Shares Outstanding, Basic 41.7M shares +3.74%
Weighted Average Number of Shares Outstanding, Diluted 41.7M shares +3.74%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 349M USD +16.5%
Research and Development Expense 130M USD +19.4%
Selling and Marketing Expense 21.8M USD -36.4%
General and Administrative Expense 53.9M USD -1.53%
Operating Income (Loss) -210M USD +10.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -221M USD +9.46%
Income Tax Expense (Benefit) 60.9M USD -46.2%
Net Income (Loss) Attributable to Parent -282M USD +21.1%
Earnings Per Share, Basic -6.78 USD/shares +25.6%
Earnings Per Share, Diluted -6.83 USD/shares +24.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Marketable Securities, Current 9.36M USD -19.8%
Accounts Receivable, after Allowance for Credit Loss, Current 66.8M USD +8.69%
Inventory, Net 1.1M USD
Assets, Current 233M USD +0.38%
Deferred Income Tax Assets, Net 7.06M USD -87%
Operating Lease, Right-of-Use Asset 10.9M USD -28.5%
Goodwill 651M USD -28%
Other Assets, Noncurrent 25.2M USD -51.6%
Assets 987M USD -26.1%
Accounts Payable, Current 16.4M USD -13.5%
Employee-related Liabilities, Current 16.5M USD -25.7%
Contract with Customer, Liability, Current 45.5M USD -40%
Liabilities, Current 107M USD -35.7%
Contract with Customer, Liability, Noncurrent 103M USD -35.5%
Operating Lease, Liability, Noncurrent 7.01M USD -36%
Other Liabilities, Noncurrent 27.7M USD +15.4%
Liabilities 524M USD -16.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -26.8M USD -14.5%
Retained Earnings (Accumulated Deficit) -588M USD -92.3%
Stockholders' Equity Attributable to Parent 463M USD -34.7%
Liabilities and Equity 987M USD -26.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.82M USD -32.9%
Net Cash Provided by (Used in) Financing Activities -130K USD +95.7%
Net Cash Provided by (Used in) Investing Activities 1.19M USD -21.6%
Common Stock, Shares Authorized 560M shares 0%
Common Stock, Shares, Issued 41.8M shares +3.69%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.42M USD +42.3%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3M USD -30.8%
Deferred Tax Assets, Valuation Allowance 163M USD +28.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 241M USD +15.6%
Operating Lease, Liability 12.2M USD -28%
Depreciation 9.8M USD +4.26%
Payments to Acquire Property, Plant, and Equipment 931K USD +36.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -286M USD +23.2%
Lessee, Operating Lease, Liability, to be Paid 13.4M USD -25.5%
Operating Lease, Liability, Current 5.19M USD -13.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.3M USD -45.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.44M USD -27.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure +48.8%
Deferred Income Tax Expense (Benefit) 30.3M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.24M USD +14.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.83M USD -7.37%
Deferred Tax Assets, Operating Loss Carryforwards 31M USD -29.7%
Deferred Federal Income Tax Expense (Benefit) 7.94M USD
Current Income Tax Expense (Benefit) 12.3M USD -17%
Unrecognized Tax Benefits 85.2M USD +11.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 955K USD -37.3%
Operating Lease, Payments 6.5M USD -2.99%
Current State and Local Tax Expense (Benefit) 38K USD +153%
Current Federal Tax Expense (Benefit) 611K USD +4992%
Amortization of Intangible Assets 600K USD -76%
Deferred Tax Assets, Net of Valuation Allowance 78M USD -4.35%
Share-based Payment Arrangement, Expense 29.1M USD -19.6%
Deferred State and Local Income Tax Expense (Benefit) -1.16M USD -634%
Interest Expense 13.6M USD -10.1%