Cerence Inc. - Understand $crnc stock

$CRNC Market Cap: $308.4 Million

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Financial Snapshot

Revenue

$331.5M

TTM

Gross Margin

71.34%

TTM

Net Earnings

-$588.1M

TTM

Current Assets

$265.5M

Q3 2024

Current Liabilities

$216.8M

Q3 2024

Current Ratio

122.46%

Q3 2024

Total Assets

$702.4M

Q3 2024

Total Liabilities

$561.3M

Q3 2024

Book Value

$141.1M

Q3 2024

Cash

$121.5M

Q3 2024

P/E

-0.5244

Nov 29, 2024 EST

Free Cash Flow

$12.20M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$331.5M	$294.5M	$327.9M	$387.2M	$331.0M	$303.3M	$277.0M	$244.7M	$211.1M
YoY Change	12.57%	-10.19%	-15.31%	16.99%	9.12%	9.51%	13.19%	15.92%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$331.5M	$294.5M	$327.9M	$387.2M	$331.0M	$303.3M	$277.0M	$244.7M	$211.1M
Cost Of Revenue	$87.23M	$95.16M	$97.17M	$101.1M	$107.9M	$99.34M	$82.96M	$68.50M	$60.60M
Gross Profit	$244.3M	$199.3M	$230.7M	$286.1M	$223.1M	$204.0M	$194.0M	$176.2M	$150.6M
Gross Profit Margin	73.69%	67.68%	70.37%	73.89%	67.41%	67.25%	70.05%	72.01%	71.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$74.19M	$85.41M	$73.75M	$95.66M	$82.78M	$62.19M	$50.43M	$47.40M	$41.00M
YoY Change	-13.13%	15.8%	-22.9%	15.56%	33.12%	23.32%	6.38%	15.61%
% of Gross Profit	30.37%	42.85%	31.97%	33.44%	37.1%	30.49%	25.99%	26.9%	27.22%
Research & Development	$121.6M	$123.3M	$107.1M	$112.1M	$88.90M	$93.06M	$80.96M	$56.80M	$53.60M
YoY Change	-1.44%	15.14%	-4.42%	26.06%	-4.47%	14.95%	42.53%	5.97%
% of Gross Profit	49.77%	61.88%	46.43%	39.17%	39.84%	45.62%	41.73%	32.24%	35.59%
Depreciation & Amortization	$10.63M	$9.800M	$9.400M	$9.500M	$9.200M	$6.200M	$7.700M	$19.70M	$19.80M
YoY Change	8.47%	4.26%	-1.05%	3.26%	48.39%	-19.48%	-60.91%	-0.51%
% of Gross Profit	4.35%	4.92%	4.07%	3.32%	4.12%	3.04%	3.97%	11.18%	13.15%
Operating Expenses	$198.0M	$226.5M	$415.1M	$220.4M	$202.5M	$193.1M	$157.2M	$109.9M	$100.8M
YoY Change	-12.61%	-45.43%	88.31%	8.87%	4.84%	22.87%	43.01%	9.03%
Operating Profit	$46.31M	-$27.20M	-$184.3M	$65.69M	$22.43M	$10.85M	$36.85M	$66.30M	$49.80M
YoY Change	-270.27%	-85.25%	-380.65%	192.84%	106.7%	-70.55%	-44.42%	33.13%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$7.200M	$14.77M	$14.39M	$14.00M	$22.74M	$300.0K	-$100.0K	-$500.0K	-$500.0K
YoY Change	-148.75%	2.61%	2.84%	-38.44%	7479.0%	-400.0%	-80.0%	0.0%
% of Operating Profit	-15.55%			21.31%	101.36%	2.76%	-0.27%	-0.75%	-1.0%
Other Income/Expense, Net	$2.526M	$1.108M	-$1.019M	$1.563M	-$23.32M	$332.0K	-$54.00K
YoY Change	127.98%	-208.73%	-165.2%	-106.7%	-7123.8%	-714.81%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$584.6M	-$36.39M	-$198.8M	$20.93M	-$23.04M	$11.18M	$36.80M	$63.20M	$47.30M
YoY Change	1506.56%	-81.69%	-1049.46%	-190.86%	-306.01%	-69.61%	-41.78%	33.62%
Income Tax	$3.468M	$19.87M	$112.1M	$2.376M	-$4.724M	-$89.08M	$30.92M	$15.90M	$12.30M
% Of Pretax Income				11.35%		-796.53%	84.02%	25.16%	26.0%
Net Earnings	-$588.1M	-$56.25M	-$310.8M	$45.89M	-$18.32M	$100.3M	$5.881M	$47.30M	$34.90M
YoY Change	945.4%	-81.9%	-777.28%	-350.56%	-118.27%	1604.95%	-87.57%	35.53%
Net Earnings / Revenue	-177.4%	-19.1%	-94.8%	11.85%	-5.53%	33.06%	2.12%	19.33%	16.53%
Basic Earnings Per Share	-$14.12	-$1.40	-$7.93	$1.22	-$0.50	$2.76	$0.16
Diluted Earnings Per Share	-$14.12	-$1.40	-$7.93	$1.17	-$0.50	$2.76	$0.16	$1.299M	$958.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$127.0M	$110.4M	$115.2M	$158.9M	$147.7M
YoY Change	15.02%	-4.14%	-27.51%	7.56%
Cash & Equivalents	$121.5M	$101.2M	$94.85M	$128.4M	$136.1M
Short-Term Investments	$5.502M	$9.200M	$20.32M	$30.44M	$11.70M
Other Short-Term Assets	$75.77M	$54.10M	$67.28M	$23.48M	$21.20M	$17.30M	$10.90M	$6.800M	$4.000M
YoY Change	40.05%	-19.59%	186.53%	10.76%	22.54%	58.72%	60.29%	70.0%
Inventory	$1.000M
Prepaid Expenses
Receivables	$62.76M	$61.30M	$45.07M	$104.7M	$81.20M	$75.00M	$72.10M	$74.00M	$55.20M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$265.5M	$225.7M	$227.5M	$287.0M	$250.1M	$92.30M	$83.00M	$80.80M	$59.20M
YoY Change	17.64%	-0.8%	-20.74%	14.77%	170.96%	11.2%	2.72%	36.49%
Property, Plant & Equipment	$43.02M	$46.00M	$52.41M	$46.41M	$49.60M	$20.10M	$13.40M	$13.30M	$15.60M
YoY Change	-6.48%	-12.23%	12.94%	-6.44%	146.77%	50.0%	0.75%	-14.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.453M	$10.60M	$11.58M	$7.339M
YoY Change	-67.42%	-8.49%	57.84%
Other Assets	$91.81M	$111.1M	$126.5M	$211.1M	$214.1M	$186.5M	$96.40M	$115.5M	$89.30M
YoY Change	-17.36%	-12.16%	-40.08%	-1.41%	14.8%	93.46%	-16.54%	29.34%
Total Long-Term Assets	$436.8M	$1.072B	$1.091B	$1.419B	$1.438B	$1.392B	$1.315B	$1.255B	$1.234B
YoY Change	-59.25%	-1.75%	-23.1%	-1.31%	3.31%	5.86%	4.74%	1.72%
Total Assets	$702.4M	$1.298B	$1.318B	$1.706B	$1.688B	$1.484B	$1.398B	$1.336B	$1.293B
YoY Change
Accounts Payable	$3.959M	$16.90M	$10.37M	$11.64M	$8.400M	$16.70M	$6.500M	$5.500M	$6.500M
YoY Change	-76.57%	62.94%	-10.86%	38.52%	-49.7%	156.92%	18.18%	-15.38%
Accrued Expenses	$72.93M	$53.70M	$52.62M	$68.60M	$71.80M	$13.30M	$26.70M	$18.60M	$18.30M
YoY Change	35.82%	2.05%	-23.29%	-4.46%	439.85%	-50.19%	43.55%	1.64%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$87.09M	$400.0K	$11.38M	$6.680M	$6.300M
YoY Change	21673.5%	-96.48%	70.34%	6.03%
Total Short-Term Liabilities	$216.8M	$148.1M	$147.0M	$165.3M	$198.6M	$129.1M	$121.8M	$94.40M	$79.60M
YoY Change	46.39%	0.73%	-11.06%	-16.76%	53.83%	5.99%	29.03%	18.59%
Long-Term Debt	$194.8M	$276.4M	$260.2M	$266.3M	$266.9M	$0.00	$0.00	$0.00	$0.00
YoY Change	-29.52%	6.21%	-2.29%	-0.21%
Other Long-Term Liabilities	$149.6M	$178.3M	$198.3M	$242.1M	$262.0M	$286.6M	$282.4M	$244.2M	$202.0M
YoY Change	-16.07%	-10.07%	-18.12%	-7.58%	-8.58%	1.49%	15.64%	20.89%
Total Long-Term Liabilities	$344.5M	$454.7M	$458.5M	$508.5M	$528.9M	$286.6M	$282.4M	$244.2M	$202.0M
YoY Change	-24.25%	-0.83%	-9.83%	-3.86%	84.54%	1.49%	15.64%	20.89%
Total Liabilities	$561.3M	$602.7M	$605.5M	$673.8M	$727.5M	$415.7M	$404.2M	$338.6M	$281.7M
YoY Change	-6.88%	-0.47%	-10.13%	-7.38%	75.01%	2.85%	19.37%	20.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	41.64M	40.22M	39.19M	37.75M	36.43M	36.39M	36.39M
Diluted Shares Outstanding	41.64M	40.22M	39.19M	39.29M	36.43M	36.39M	36.39M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $308.36 Million

About Cerence Inc.

Cerence, Inc. engages in building artificial intelligence-powered virtual assistants for the mobility and transportation market. The company is headquartered in Burlington, Massachusetts and currently employs 1,700 full-time employees. The company went IPO on 2019-09-16. The firm is engaged in selling software licenses and cloud-connected services. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining edge software components with cloud-connected components. Its Edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. Its Cloud-connected components are comprised of certain speech and natural language understanding related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. The company delivers its solutions on a white-label basis, enabling its customers to deliver customized virtual assistants with branded personalities.

Industry: Services-Prepackaged Software Peers: AvePoint, Inc. CHANNELADVISOR CORP Couchbase, Inc. EBIX INC LIVEPERSON INC MOMENTIVE GLOBAL INC. Salesforce, Inc. Sumo Logic, Inc.