See more : Taisho Pharmaceutical Holdings Co., Ltd. (4581.T) 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 Announces Expanded Role for Chief Product Officer Nils Schanz
Schanz to Assume Chief Technology Officer Responsibilities Company Reaffirms Third Quarter Fiscal 2024 Guidance BURLINGTON, Mass., July 02, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that as part of its ongoing transformation...
Audi Selects Cerence Generative AI to Expand Capabilities of its In-Car Assistant
BURLINGTON, Mass., June 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Audi, part of the Volkswagen Group, will leverage generative AI from Cerence to expand the capabilities of its in-car assistant.
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Cerence (CRNC) Expands Automotive Footprint With Chat Pro
Cerence (CRNC) enhances Volkswagen's driving experience across Europe with Chat Pro, integrating conversational AI into IDA for interactive in-car assistance.
Cerence Appoints Jennifer Salinas, SVP & General Counsel, to New Role of EVP & Chief Administrative Officer
BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President...
Cerence Names Tony Rodriquez as Interim Chief Financial Officer
BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Antonio (“Tony”) Rodriquez as its interim Chief Financial Officer (CFO), effective June 4, 2024.
Cerence to Power Zeekr Multilingual AI Assistant
BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant.
Cerence Inc. (CRNC) Q2 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van...
Compared to Estimates, Cerence (CRNC) Q2 Earnings: A Look at Key Metrics
The headline numbers for Cerence (CRNC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports