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-K - Q3 2024 - Nov 25, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 154 % +8.68%
Quick Ratio 0.64 %
Debt-to-equity 144 % +64.5%
Return On Equity -158 % -1884%
Return On Assets -64.8 % -1425%
Operating Margin -175 % -1794%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 42.8M shares +4.11%
Common Stock, Shares, Outstanding 41.9M shares +3.71%
Entity Public Float 651M USD -40.8%
Common Stock, Value, Issued 419K USD +3.71%
Weighted Average Number of Shares Outstanding, Basic 41.6M shares +3.55%
Weighted Average Number of Shares Outstanding, Diluted 41.6M shares +3.55%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 332M USD +12.6%
Research and Development Expense 122M USD -1.44%
Selling and Marketing Expense 21.7M USD -21%
General and Administrative Expense 52.5M USD -9.39%
Operating Income (Loss) -580M USD -2032%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -585M USD -1507%
Income Tax Expense (Benefit) 3.47M USD -82.5%
Net Income (Loss) Attributable to Parent -588M USD -945%
Earnings Per Share, Basic -14.1 USD/shares -909%
Earnings Per Share, Diluted -14.1 USD/shares -909%

Balance Sheet

Label TTM Value / Value Unit Change %
Marketable Securities, Current 5.5M USD -40.3%
Accounts Receivable, after Allowance for Credit Loss, Current 62.8M USD +2.42%
Inventory, Net 1M USD +100%
Assets, Current 266M USD +17.6%
Deferred Income Tax Assets, Net 51.4M USD +10.3%
Operating Lease, Right-of-Use Asset 12.9M USD +7.68%
Goodwill 297M USD -67%
Other Assets, Noncurrent 22.4M USD -49.4%
Assets 702M USD -45.9%
Accounts Payable, Current 3.96M USD -76.5%
Employee-related Liabilities, Current 18.8M USD -25%
Contract with Customer, Liability, Current 52.8M USD -31.5%
Liabilities, Current 217M USD +46.4%
Contract with Customer, Liability, Noncurrent 114M USD -21.4%
Operating Lease, Liability, Noncurrent 8.8M USD +10.8%
Other Liabilities, Noncurrent 26.5M USD +5.12%
Liabilities 561M USD -6.88%
Accumulated Other Comprehensive Income (Loss), Net of Tax -25.9M USD +7.35%
Retained Earnings (Accumulated Deficit) -922M USD -176%
Stockholders' Equity Attributable to Parent 141M USD -79.7%
Liabilities and Equity 702M USD -45.9%

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 41.9M shares +3.71%
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 167M USD +2.67%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 243M USD +0.82%
Operating Lease, Liability 13.3M USD -0.37%
Payments to Acquire Property, Plant, and Equipment 931K USD +36.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -586M USD -1061%
Lessee, Operating Lease, Liability, to be Paid 15.3M USD +5.21%
Operating Lease, Liability, Current 4.53M USD -16.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.22M USD -21.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.28M USD -12.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +18.9%
Deferred Income Tax Expense (Benefit) 30.3M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.95M USD +70.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.81M USD +38.1%
Deferred Tax Assets, Operating Loss Carryforwards 40.2M USD +29.4%
Unrecognized Tax Benefits 87.4M USD +2.62%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.15M USD +37.1%
Operating Lease, Payments 6.6M USD 0%
Amortization of Intangible Assets 600K USD -14.3%
Deferred Tax Assets, Net of Valuation Allowance 75.6M USD -3.05%
Share-based Payment Arrangement, Expense 23.7M USD -41.9%
Interest Expense 12.6M USD -15%