CRNC Stock Price, Cerence Inc Quote, Chart

Market Summary

USD3.99-0.90

Delayed

-18.40%

CRNC Alerts

1 major insider sales recently.

Big fall in earnings (Y/Y)
Losses in recent quarter

CRNC Stock Price

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CRNC RSI Chart

CRNC Valuation

Market Cap

166.7M

Price/Earnings (Trailing)

-0.59

Price/Sales (Trailing)

0.48

EV/EBITDA

-1.77

Price/Free Cashflow

-36.77

CRNC Price/Sales (Trailing)

CRNC Profitability

EBT Margin

-63.46%

Return on Equity

-60.88%

Return on Assets

-28.58%

Free Cashflow Yield

-2.72%

CRNC Fundamentals

CRNC Revenue

Revenue (TTM)

348.6M

Rev. Growth (Yr)

-0.83%

Rev. Growth (Qtr)

-50.97%

CRNC Earnings

Earnings (TTM)

-282.1M

Earnings Growth (Yr)

-965.49%

Earnings Growth (Qtr)

-1.3K%

Breaking Down CRNC Revenue

Last 7 days

-25.4%

Last 30 days

-62.8%

Last 90 days

-74.4%

Trailing 12 Months

-84.3%

How does CRNC drawdown profile look like?

CRNC Financial Health

Current Ratio

2.18

Debt/Equity

0.6

Debt/Cashflow

0

CRNC Investor Care

Shares Dilution (1Y)

3.64%

Diluted EPS (TTM)

-6.83

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	348.6M	0	0	0
2023	299.2M	271.9M	294.5M	349.2M
2022	375.6M	367.8M	327.9M	317.1M
2021	358.4M	380.0M	387.2M	388.0M
2020	325.1M	322.7M	330.6M	346.5M
2019	290.1M	296.7M	303.3M	308.5M
2018	0	0	277.0M	283.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Cerence Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	beaudoin thomas l	sold	-52,946	9.69	-5,464	-
May 01, 2024	beaudoin thomas l	sold	-45,146	9.0292	-5,000	-
Apr 22, 2024	ortmanns stefan	sold	-108,045	10.0395	-10,762	chief executive officer
Apr 01, 2024	beaudoin thomas l	sold	-76,744	15.3489	-5,000	-
Mar 22, 2024	ortmanns stefan	sold	-228,043	14.8186	-15,389	chief executive officer
Mar 21, 2024	beaudoin thomas l	sold	-74,926	14.9852	-5,000	-
Mar 18, 2024	tempesta daniel david	acquired	3,077	0.01	307,797	cfo
Mar 14, 2024	ortmanns stefan	sold	-315,985	14.734	-21,446	chief executive officer
Feb 15, 2024	klevorn marcy s	acquired	71.96	0.01	7,196	-
Feb 15, 2024	beaudoin thomas l	acquired	13,647	13.58	1,005	-

Which funds bought or sold CRNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	86.67	359,517	1,085,210	-%
May 16, 2024	Pineridge Advisors LLC	reduced	-90.7	-21,907	1,764	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-3.07	-186,920	649,593	-%
May 16, 2024	COMERICA BANK	reduced	-7.06	-94,366	275,026	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-84.81	-8,094,540	1,121,320	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	43.55	183	1,402	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	6.34	-2,157	12,411	-%
May 15, 2024	AE Wealth Management LLC	sold off	-100	-516,727	-	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.06	-66,952	269,543	-%
May 15, 2024	CITADEL ADVISORS LLC	added	21.62	-77,122	2,927,600	-%

Are Funds Buying or Selling CRNC?

Are funds buying CRNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRNC

No. of Funds

Unveiling Cerence Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	ameriprise financial inc	7.90%	3,251,034	SC 13G/A
Feb 13, 2024	vanguard group inc	12.64%	5,198,312	SC 13G/A
Feb 12, 2024	cooper creek partners management llc	0.00%	0	SC 13G/A
Feb 12, 2024	cooper creek partners management llc	0.00%	0	SC 13G/A
Jan 22, 2024	blackrock inc.	16.7%	6,849,828	SC 13G/A
Jun 12, 2023	ameriprise financial inc	10.03%	4,042,923	SC 13G/A
Feb 14, 2023	ameriprise financial inc	7.50%	2,994,550	SC 13G/A
Feb 14, 2023	vulcan value partners, llc	2.07%	828,025	SC 13G/A
Feb 13, 2023	cooper creek partners management llc	5.12%	2,047,642	SC 13G
Feb 10, 2023	clearbridge investments, llc	02%	6,566	SC 13G/A

Recent SEC filings of Cerence Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
May 09, 2024	8-K/A	Current Report
May 08, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
Apr 23, 2024	4	Insider Trading
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 15, 2024	8-K	Current Report

Peers (Alternatives to Cerence Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	277.0B	34.9B	3.35%	33.87%	66.98	7.95	11.18%	1888.46%
UBER	137.2B	38.6B	-8.72%	67.31%	98.72	3.56	14.01%	141.26%
ADSK	47.3B	5.3B	2.96%	8.03%	51.62	8.85	9.15%	48.14%
ANSS	28.6B	2.2B	0.65%	6.79%	65.84	12.85	3.59%	-21.47%
ZM	19.3B	4.5B	8.62%	-7.71%	30.27	4.26	3.06%	514.65%
MID-CAP
APPF	8.7B	671.8M	11.01%	66.39%	113.53	12.92	33.64%	185.98%
LYFT	6.7B	4.7B	-3.99%	99.28%	-36.23	1.43	10.90%	88.31%
ALRM	3.5B	895.2M	7.46%	35.00%	38.7	3.87	5.72%	46.94%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.2B	296.4M	28.11%	-1.60%	-11.7	10.73	11.14%	-3.59%
AGYS	2.7B	228.1M	21.43%	43.87%	31.34	11.99	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	256.1M	31.6M	76.57%	260.07%	-43.61	8.1	2.76%	43.72%
APPS	253.0M	572.4M	33.33%	-82.31%	-1.28	0.44	-19.38%	-489.49%
ASUR	193.1M	117.7M	5.95%	-44.01%	-19.58	1.64	12.54%	11.24%

Cerence Inc News

Latest updates

Cerence Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-51.0%	68.00	138	81.00	62.00	68.00	84.00	58.00	89.00	86.00	94.00	98.00	97.00	99.00	94.00	91.00	75.00	87.00	78.00	83.00	78.00	70.00
Gross Profit	-58.1%	47.00	112	58.00	41.00	43.00	57.00	34.00	65.00	62.00	70.00	74.00	73.00	72.00	67.00	65.00	48.00	58.00	52.00	56.00	54.00	46.00
Operating Expenses	482.8%	311	53.00	54.00	49.00	64.00	59.00	263	49.00	56.00	47.00	63.00	58.00	55.00	49.00	49.00	52.00	46.00	54.00	51.00	51.00	46.00
S&GA Expenses	-7.4%	6.00	6.00	6.00	4.00	8.00	9.00	9.00	8.00	8.00	6.00	11.00	10.00	10.00	9.00	9.00	9.00	8.00	8.00	9.00	8.00	10.00
R&D Expenses	-4.4%	32.00	33.00	35.00	30.00	28.00	29.00	25.00	26.00	30.00	26.00	29.00	30.00	29.00	24.00	22.00	22.00	21.00	24.00	24.00	23.00	23.00
EBITDA Margin	-486.0%	-0.56*	0.15*	-0.02*	-0.87*	-0.70*	-0.58*	-0.49*	0.22*	0.22*	0.26*	0.24*	0.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.9%	3.00	3.00	3.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	3.00	3.00	4.00	4.00	6.00	7.00	7.00	-	-	-
Income Taxes	-66.1%	12.00	34.00	12.00	3.00	4.00	1.00	-2.66	111	3.00	0.00	-0.49	6.00	6.00	-9.41	1.00	-2.21	-6.71	3.00	-90.94	1.00	-0.02
Earnings Before Taxes	-557.6%	-266	58.00	0.00	-13.44	-22.38	-0.91	-232	12.00	3.00	19.00	8.00	12.00	17.00	12.00	10.00	-30.26	6.00	-8.51	5.00	3.00	0.00
EBT Margin	-1075.4%	-0.63*	0.07*	-0.12*	-0.99*	-0.82*	-0.69*	-0.61*	0.11*	0.11*	0.14*	0.12*	0.13*	-	-	-	-	-	-	-	-	-
Net Income	-1265.2%	-277	24.00	-11.55	-16.45	-26.09	-2.16	-230	-99.27	-0.48	19.00	8.00	6.00	11.00	21.00	7.00	-28.05	13.00	-11.28	96.00	2.00	0.00
Net Income Margin	-834.5%	-0.81*	-0.09*	-0.19*	-1.01*	-1.20*	-1.05*	-0.95*	-0.20*	0.09*	0.11*	0.12*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	78.6%	-0.80	-3.75	10.00	-9.72	5.00	-2.80	-7.98	-8.36	-3.98	1.00	19.00	21.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3
Assets	-22.0%	987	1,265	1,298	1,312	1,335	1,348	1,318	1,577	1,703	1,692	1,706	1,709	1,690	1,701	1,688	1,669	1,653	1,662	1,484
Current Assets	1.9%	233	228	226	219	232	242	228	255	266	281	287	272	254	239	250	236	223	221	92.00
Cash Equivalents	0.4%	99.00	99.00	101	86.00	95.00	91.00	95.00	108	112	117	128	121	120	110	136	133	96.00	113	-
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.00	26.00	24.00	20.00
Goodwill	-28.2%	651	906	900	905	904	902	891	1,115	1,124	1,126	1,129	1,133	1,131	1,136	1,128	1,122	1,118	1,123	1,119
Liabilities	-1.9%	524	534	603	609	626	628	606	627	646	643	674	687	687	708	728	730	717	736	416
Current Liabilities	-11.1%	107	120	148	168	166	165	147	154	156	141	165	169	161	174	199	195	189	194	129
Long Term Debt	0.5%	279	277	276	255	265	267	259	261	263	265	265	265	266	266	267	267	238	239	-
LT Debt, Current	-	-	-	-	25.00	13.00	13.00	11.00	9.00	8.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	9.00	9.00	-
LT Debt, Non Current	-100.0%	-	277	276	255	265	267	259	261	263	265	265	265	266	266	267	267	238	239	-
Shareholder's Equity	-36.6%	463	731	695	703	709	720	713	950	1,056	1,050	1,032	1,022	1,003	996	960	940	937	927	1,068
Retained Earnings	-89.7%	-587	-309	-333	-322	-305	-279	-283	-53.12	46.00	47.00	28.00	20.00	14.00	1.00	-18.32	-27.45	1.00	-11.76	-
Additional Paid-In Capital	1.3%	1,078	1,064	1,056	1,049	1,038	1,023	1,030	1,024	1,019	1,006	1,002	992	984	974	974	974	950	945	-
Shares Outstanding	1.3%	42.00	41.00	40.00	40.00	40.00	40.00	39.00	39.00	39.00	39.00	38.00	38.00	-	-	-	-	-	-	-
Float	-	-	-	-	-	1,100	-	-	-	1,400	-	-	-	3,400	-	-	-	561	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	137.1%	1,044	-2,815	11,258	-8,197	6,555	-2,118	-4,953	-3,928	1,598	5,145	23,321	24,059	16,200	10,809	26,212	19,312	-10,191	9,456	19,412	26,408	25,551
Share Based Compensation	-43.4%	4,745	8,380	8,965	6,974	12,355	12,472	5,056	6,253	10,926	5,841	18,376	14,710	14,144	13,325	14,331	17,425	6,560	8,969	8,487	7,828	6,793
Cashflow From Investing	-179.4%	-944	1,189	8,266	-4,672	709	1,517	-7,148	2,548	-4,227	-1,738	-6,915	-20,869	-5,120	-8,727	-14,600	-5,930	-6,533	-3,612	-1,649	-396	-1,974
Cashflow From Financing	596.2%	645	-130	-4,308	4,417	-2,392	-3,051	-1,611	-1,659	-2,184	-14,152	-8,563	-1,903	-2,260	-28,779	-8,678	23,855	-1,024	107,400	-17,763	-26,012	-23,577
Buy Backs	-43.1%	3,535	6,209	60.00	404	1,787	2,643	1,043	1,537	1,850	44,573	11,680	1,889	1,942	30,258	7,756	694	778	141	-	-	-

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CRNC Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 67,825	$ 68,393	$ 206,160	$ 152,051
Cost of revenues:
Amortization of intangible assets	0	104	103	207
Total cost of revenues	20,882	25,014	47,217	51,197
Gross profit	46,943	43,379	158,943	100,854
Operating expenses:
Research and development	31,846	28,494	65,152	57,988
Sales and marketing	5,619	8,217	11,690	17,379
General and administrative	16,659	19,177	29,452	33,434
Amortization of intangible assets	555	2,394	1,100	4,744
Restructuring and other costs, net	4,551	5,714	5,256	9,903
Goodwill impairment	252,096	0	252,096	0
Total operating expenses	311,326	63,996	364,746	123,448
Loss from operations	(264,383)	(20,617)	(205,803)	(22,594)
Interest income	1,190	1,163	2,622	2,033
Interest expense	(3,111)	(4,003)	(6,347)	(7,517)
Other (expense) income, net	(25)	1,074	1,397	4,787
Loss before income taxes	(266,329)	(22,383)	(208,131)	(23,291)
Provision for income taxes	11,647	3,706	45,988	4,956
Net loss	$ (277,976)	$ (26,089)	$ (254,119)	$ (28,247)
Net loss per share:
Basic	$ (6.66)	$ (0.65)	$ (6.13)	$ (0.7)
Diluted	$ (6.66)	$ (0.65)	$ (6.13)	$ (0.7)
Weighted-average common share outstanding:
Basic	41,724	40,219	41,452	40,088
Diluted	41,724	40,219	41,452	40,088
License
Revenues:
Total revenues	$ 35,527	$ 30,800	$ 56,350	$ 76,217
Cost of revenues:
Total cost of revenues	1,404	2,209	3,008	3,823
Connected Services
Revenues:
Total revenues	13,597	18,926	110,417	37,320
Cost of revenues:
Total cost of revenues	5,359	6,114	12,662	12,656
Professional Services
Revenues:
Total revenues	18,701	18,667	39,393	38,514
Cost of revenues:
Total cost of revenues	$ 14,119	$ 16,587	$ 31,444	$ 34,511

CRNC Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 99,176	$ 101,154
Marketable securities	9,356	9,211
Accounts receivable, net of allowances of $4,101 and $4,044	66,787	61,270
Deferred costs	5,296	6,935
Prepaid expenses and other current assets	52,121	47,157
Total current assets	232,736	225,727
Long-term marketable securities	6,711	10,607
Property and equipment, net	32,242	34,013
Deferred costs	18,857	20,299
Operating lease right of use assets	10,941	11,961
Goodwill	650,623	900,342
Intangible assets, net	2,750	3,875
Deferred tax assets	7,059	46,601
Other assets	25,173	44,165
Total assets	987,092	1,297,590
Current liabilities:
Accounts payable	16,429	16,873
Deferred revenue	45,483	77,068
Short-term operating lease liabilities	5,188	5,434
Accrued expenses and other current liabilities	39,552	48,718
Total current liabilities	106,652	148,093
Long-term debt	278,890	275,951
Deferred revenue, net of current portion	103,468	145,531
Long-term operating lease liabilities	7,010	7,947
Other liabilities	27,672	25,193
Total liabilities	523,692	602,715
Commitments and contingencies (Note 12)
Stockholders' Equity:
Common stock, $0.01 par value, 560,000 shares authorized; 41,777 and 40,423 shares issued and outstanding, respectively	417	404
Accumulated other comprehensive loss	(26,763)	(27,966)
Additional paid-in capital	1,077,527	1,056,099
Accumulated deficit	(587,781)	(333,662)
Total stockholders' equity	463,400	694,875
Total liabilities and stockholders' equity	$ 987,092	$ 1,297,590

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.

CEO	Dr. Stefan Ortmanns
WEBSITE	cerence.com
INDUSTRY	Software - Apps
EMPLOYEES	1700

Cerence Inc Frequently Asked Questions

What is the ticker symbol for Cerence Inc? What does CRNC stand for in stocks?

CRNC is the stock ticker symbol of Cerence Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cerence Inc (CRNC)?

As of Fri May 17 2024, market cap of Cerence Inc is 166.69 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRNC stock?

You can check CRNC's fair value in chart for subscribers.

What is the fair value of CRNC stock?

You can check CRNC's fair value in chart for subscribers. The fair value of Cerence Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cerence Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cerence Inc a good stock to buy?

The fair value guage provides a quick view whether CRNC is over valued or under valued. Whether Cerence Inc is cheap or expensive depends on the assumptions which impact Cerence Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRNC.

What is Cerence Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CRNC's PE ratio (Price to Earnings) is -0.59 and Price to Sales (PS) ratio is 0.48. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRNC PE ratio will change depending on the future growth rate expectations of investors.