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 - Q4 2024 - Feb 6, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 142 % -5.23%
Quick Ratio 0.74 %
Debt-to-equity 239 % +186%
Return On Equity -289 % -6691%
Return On Assets -85.4 % -3577%
Operating Margin -269 % -2911%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 43.2M shares +3.66%
Common Stock, Shares, Outstanding 43M shares +4.25%
Entity Public Float 651M USD -40.8%
Common Stock, Value, Issued 430K USD +4.37%
Weighted Average Number of Shares Outstanding, Basic 42.9M shares +4.15%
Weighted Average Number of Shares Outstanding, Diluted 42.9M shares -12.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 244M USD -30.1%
Research and Development Expense 109M USD -14.2%
Selling and Marketing Expense 20.4M USD -16.4%
General and Administrative Expense 52.4M USD -7.11%
Operating Income (Loss) -655M USD -2065%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -661M USD -3012%
Income Tax Expense (Benefit) -25.2M USD -148%
Net Income (Loss) Attributable to Parent -636M USD -2004%
Earnings Per Share, Basic -15.3 USD/shares -1883%
Earnings Per Share, Diluted -15.2 USD/shares -1756%

Balance Sheet

Label TTM Value / Value Unit Change %
Marketable Securities, Current 3.89M USD -60.3%
Accounts Receivable, after Allowance for Credit Loss, Current 47.7M USD -18.8%
Inventory, Net 1.8M USD +100%
Assets, Current 200M USD -12.4%
Deferred Income Tax Assets, Net 46M USD +177%
Operating Lease, Right-of-Use Asset 13.2M USD +6.55%
Goodwill 289M USD -68.1%
Other Assets, Noncurrent 20.9M USD -44.5%
Assets 618M USD -51.2%
Accounts Payable, Current 7.61M USD -60.3%
Employee-related Liabilities, Current 17.1M USD -33.2%
Contract with Customer, Liability, Current 47.6M USD +9.76%
Liabilities, Current 152M USD +26.7%
Contract with Customer, Liability, Noncurrent 113M USD +12.4%
Operating Lease, Liability, Noncurrent 10.1M USD +24.9%
Other Liabilities, Noncurrent 25.1M USD -8.32%
Liabilities 497M USD -6.92%
Accumulated Other Comprehensive Income (Loss), Net of Tax -29.8M USD -26.8%
Retained Earnings (Accumulated Deficit) -946M USD -205%
Stockholders' Equity Attributable to Parent 121M USD -83.5%
Liabilities and Equity 618M USD -51.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 9.25M USD
Net Cash Provided by (Used in) Financing Activities -27.1M USD -20734%
Net Cash Provided by (Used in) Investing Activities 759K USD -36.2%
Common Stock, Shares Authorized 560M shares 0%
Common Stock, Shares, Issued 43M shares +4.25%
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 -17.4M USD -619%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.08M USD +2.46%
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 13.9M USD +1.14%
Payments to Acquire Property, Plant, and Equipment 1.36M USD +46.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -643M USD -2094%
Lessee, Operating Lease, Liability, to be Paid 16.1M USD +6.2%
Operating Lease, Liability, Current 3.83M USD -32.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.3M USD +42.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.7M USD -17.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +17.9%
Deferred Income Tax Expense (Benefit) 4.93M USD -83.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.24M USD +53.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.69M USD +46.6%
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 1.99M USD +110%
Operating Lease, Payments 6.2M USD -4.62%
Amortization of Intangible Assets 600K USD 0%
Deferred Tax Assets, Net of Valuation Allowance 75.6M USD -3.05%
Share-based Payment Arrangement, Expense 23.1M USD -37.1%
Interest Expense 12.7M USD -12.3%