See more : Coloured Ties Capital Inc. (TIE.V) 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 |
Compared to Estimates, Cerence (CRNC) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cerence (CRNC) Reports Q3 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.43 per share a year ago.
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BURLINGTON, Mass., July 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2023 on Tuesday, August 8, 2023 at 7:00 a.m....
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