See more : West Vault Mining Inc. (WVMDF) Income Statement Analysis – Financial Results
Complete financial analysis of Cerence Inc. (CRNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cerence Inc., a leading company in the Software – Application industry within the Technology sector.
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Cerence Inc. (CRNC)
About Cerence Inc.
Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and virtual assistant coexistence and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 331.50M | 294.48M | 327.89M | 387.18M | 329.65M | 306.50M | 276.98M | 244.73M | 211.14M |
| Cost of Revenue | 87.23M | 95.16M | 97.17M | 101.07M | 107.85M | 98.93M | 82.96M | 68.53M | 60.57M |
| Gross Profit | 244.27M | 199.31M | 230.72M | 286.11M | 221.80M | 207.57M | 194.02M | 176.20M | 150.57M |
| Gross Profit Ratio | 73.69% | 67.68% | 70.37% | 73.89% | 67.28% | 67.72% | 70.05% | 72.00% | 71.31% |
| Research & Development | 121.56M | 123.33M | 107.12M | 112.07M | 88.90M | 93.06M | 80.96M | 56.76M | 53.57M |
| General & Administrative | 52.47M | 57.90M | 42.65M | 56.98M | 49.39M | 25.93M | 19.87M | 17.49M | 14.37M |
| Selling & Marketing | 21.73M | 27.50M | 31.10M | 38.68M | 33.40M | 36.65M | 30.55M | 29.91M | 26.58M |
| SG&A | 74.19M | 85.41M | 73.75M | 95.66M | 82.78M | 62.58M | 50.43M | 47.39M | 40.95M |
| Other Expenses | 628.45M | 17.77M | 11.52M | 12.69M | 12.54M | 12.52M | -54.00K | -483.00K | -535.00K |
| Operating Expenses | 824.21M | 226.93M | 192.38M | 220.42M | 184.23M | 168.16M | 140.22M | 109.91M | 100.85M |
| Cost & Expenses | 911.44M | 321.67M | 289.55M | 321.50M | 292.08M | 267.09M | 223.19M | 178.45M | 161.42M |
| Interest Income | 5.35M | 4.47M | 1.01M | 109.00K | 585.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 12.55M | 14.77M | 14.39M | 14.00M | 22.74M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 10.63M | 16.04M | 23.94M | 29.66M | 30.04M | 28.87M | 25.77M | 19.67M | 19.76M |
| EBITDA | -561.43M | -5.58M | -160.42M | 91.93M | 29.74M | 40.05M | 62.56M | 85.95M | 67.01M |
| EBITDA Ratio | -169.36% | -1.90% | 18.99% | 25.06% | 13.61% | 30.54% | 34.84% | 36.18% | 33.82% |
| Operating Income | -579.94M | -27.20M | 38.33M | 60.59M | 14.83M | 64.76M | 36.85M | 63.69M | 47.79M |
| Operating Income Ratio | -174.94% | -9.24% | 11.69% | 15.65% | 4.50% | 21.13% | 13.30% | 26.02% | 22.64% |
| Total Other Income/Expenses | -4.67M | -9.19M | -14.41M | -12.33M | -45.47M | 332.00K | -54.00K | -483.00K | -2.46M |
| Income Before Tax | -584.61M | -36.39M | -198.75M | 48.27M | -26.14M | 14.42M | 36.80M | 63.20M | 47.26M |
| Income Before Tax Ratio | -176.35% | -12.36% | -60.61% | 12.47% | -7.93% | 4.71% | 13.29% | 25.83% | 22.38% |
| Income Tax Expense | 3.47M | 19.87M | 112.08M | 2.38M | -5.51M | -87.66M | 30.92M | 15.93M | 12.32M |
| Net Income | -588.08M | -56.25M | -310.83M | 45.89M | -20.63M | 102.08M | 5.88M | 47.28M | 34.94M |
| Net Income Ratio | -177.40% | -19.10% | -94.80% | 11.85% | -6.26% | 33.31% | 2.12% | 19.32% | 16.55% |
| EPS | -14.12 | -1.40 | -7.93 | 1.22 | -0.57 | 2.75 | 0.16 | 1.30 | 0.96 |
| EPS Diluted | -14.12 | -1.40 | -7.93 | 1.17 | -0.57 | 2.75 | 0.16 | 1.30 | 0.96 |
| Weighted Avg Shares Out | 41.64M | 40.22M | 39.19M | 37.75M | 36.43M | 36.40M | 36.39M | 36.39M | 36.39M |
| Weighted Avg Shares Out (Dil) | 41.64M | 40.22M | 39.19M | 39.29M | 36.43M | 36.40M | 36.39M | 36.39M | 36.39M |
Cerence AI Names Tony Rodriquez as Chief Financial Officer
BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that it has appointed Antonio (“Tony”) Rodriquez as its Chief Financial Officer (CFO), effective November 29,...
Cerence Up 155% in 2 Days: SoundHound AI's Fierce Competitor
Cerence NASDAQ: CRNC is an AI stock that has burst onto the radar of many investors lately. Since its latest earnings release on Nov. 21, shares have skyrocketed 155% as of the Nov. 25 close.
CRNC Beats Q4 Earnings Estimates: Will FY25 Outlook Drag Shares Down?
Cerence's fiscal fourth-quarter performance benefits from strong AI progress and customer wins despite a decline in end markets and weak fiscal 2025 guidance.
Cerence Earnings: The Worst Could Be Behind It
Cerence Inc.'s stock is undervalued at 10x forward free cash flow despite a turbulent past and a 60% decline in 2024. The company's AI-driven in-car voice solutions, trusted by major automakers, and cost reductions position it for improved financial performance. Cerence's free...
Cerence Stock: Persistent Risks Remain Despite Positive Q4 Earnings Results
Cerence shares have more than doubled since its Q4 earnings were released. While growth is expected to remain muted next year, margins are expected to be solid, coupled with strong FCF generation. Cerence's balance sheet remains vulnerable, with $90 million...
Cerence Inc. (CRNC) Q4 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Colin Langan - Wells Fargo Nicholas...
Cerence (CRNC) Reports Q4 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.09 per share a year ago.
Cerence Q4 Earnings Loom: Should You Buy, Sell or Hold CRNC Stock?
CRNC's fourth-quarter fiscal 2024 results are likely to suffer from sluggish demand among automotive OEMs.
Cerence Introduces Pioneering Embedded Small Language Model, Purpose-Built for Automotive
BURLINGTON, Mass., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced CaLLM™ Edge, its pioneering, automotive-grade, embedded small language model (SLM).
Cerence Rises 19% in a Month: How Should Investors Play CRNC Stock?
CRNC's shares ride on an expanding clientele and a strong partner network. However, stiff competition and stretched valuation are concerns.
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