Cerence Inc. financial data

Symbol
CRNC on Nasdaq
Industry
Services-Prepackaged Software
Location
25 Mall Road, Suite 416, Burlington, MA
State of incorporation
DE
Fiscal year end
September 30
Former names
Cerence LLC (to 8/30/2019)
Latest financial report
10-Q - Q2 2024 - Aug 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 166 % +16.6%
Quick Ratio 0.63 %
Debt-to-equity 107 % +22.9%
Return On Equity -113 % -193%
Return On Assets -54.9 % -165%
Operating Margin -156 % -62.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 41.8M shares +3.65%
Common Stock, Shares, Outstanding 41.8M shares +3.65%
Entity Public Float 1.1B USD -21.4%
Common Stock, Value, Issued 418K USD +3.72%
Weighted Average Number of Shares Outstanding, Basic 41.8M shares +3.65%
Weighted Average Number of Shares Outstanding, Diluted 41.8M shares +3.65%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 357M USD +31.5%
Research and Development Expense 131M USD +15.8%
Selling and Marketing Expense 22.7M USD -24.8%
General and Administrative Expense 50.7M USD -11.3%
Operating Income (Loss) -557M USD -114%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -564M USD -109%
Income Tax Expense (Benefit) 15.3M USD +189%
Net Income (Loss) Attributable to Parent -579M USD -111%
Earnings Per Share, Basic -13.9 USD/shares -98.4%
Earnings Per Share, Diluted -13.9 USD/shares -99.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Marketable Securities, Current 5.44M USD -67.5%
Accounts Receivable, after Allowance for Credit Loss, Current 72.8M USD +27.8%
Inventory, Net 1M USD
Assets, Current 240M USD +9.32%
Deferred Income Tax Assets, Net 50.1M USD -4.02%
Operating Lease, Right-of-Use Asset 11.6M USD -14.1%
Goodwill 292M USD -67.7%
Other Assets, Noncurrent 24M USD -50.9%
Assets 674M USD -48.6%
Accounts Payable, Current 10.3M USD -36.1%
Employee-related Liabilities, Current 16.3M USD -26.3%
Contract with Customer, Liability, Current 43.8M USD -41.9%
Liabilities, Current 183M USD +8.8%
Contract with Customer, Liability, Noncurrent 109M USD -28.6%
Operating Lease, Liability, Noncurrent 7.58M USD -18.8%
Other Liabilities, Noncurrent 26.3M USD +9.85%
Liabilities 520M USD -14.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax -28.6M USD -16%
Retained Earnings (Accumulated Deficit) -901M USD -180%
Stockholders' Equity Attributable to Parent 154M USD -78.1%
Liabilities and Equity 674M USD -48.6%

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 +3.65%
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 -17.6%
Payments to Acquire Property, Plant, and Equipment 931K USD +36.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -583M USD -109%
Lessee, Operating Lease, Liability, to be Paid 13.8M USD -14.6%
Operating Lease, Liability, Current 4.65M USD -15.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.57M USD -37.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.66M USD -23.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure +19.2%
Deferred Income Tax Expense (Benefit) 30.3M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.55M USD +19.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.16M USD +5.79%
Deferred Tax Assets, Operating Loss Carryforwards 31M USD -29.7%
Unrecognized Tax Benefits 85.2M USD +11.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.52M USD -2.75%
Operating Lease, Payments 6.4M USD -5.88%
Amortization of Intangible Assets 600K USD -14.3%
Deferred Tax Assets, Net of Valuation Allowance 78M USD -4.35%
Share-based Payment Arrangement, Expense 28.3M USD -23.3%
Interest Expense 12.6M USD -18.4%