See more : Hanatour Japan Co., Ltd. (6561.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 Equity Grant to Employee Under Inducement Plan
BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted...
Cerence: Poised For Rebound With Strong Pipeline
Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue...
Cerence Names Daniel Tempesta as Chief Financial Officer
BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.
Cerence Announces Its Participation at Two Upcoming Investor Conferences
BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 in Orlando, FL and at the Morgan...
Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript
Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript
Cerence (CRNC) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cerence (CRNC) Q1 Earnings and Revenues Beat Estimates
Cerence (CRNC) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.36 per share a year ago.
Cerence Announces First Quarter Fiscal Year 2024 Results
Headlines Revenue and profitability exceed the high end of guidance, leading to six quarters of strong execution Announced AI partnerships with NVIDIA and Microsoft Maintained a leadership position, with Cerence penetration staying strong at 54% of global auto production New...
Insights Into Cerence (CRNC) Q1: Wall Street Projections for Key Metrics
Evaluate the expected performance of Cerence (CRNC) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Cerence to Announce Fiscal First Quarter Results on February 6, 2024
BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m.
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