Cerence Inc.
Description
Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, 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.
About
CEO
Mr. Brian Matthew Krzanich
Employees
1,700
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNGS
Address
1 Burlington Woods Drive, Burlington, MA 01803, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 19, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 4, 2025 | — | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Sep 2025)
|
Next Year
(Sep 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 6 | 6 | 5 |
| Average estimate | — | 0.05 | 0.05 | 0.39 |
| Low estimate | — | -0.03 | -0.04 | 0.05 |
| High estimate | — | 0.13 | 0.24 | 0.66 |
| Last year EPS | — | -0.09 | 1.23 | 0.05 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-123.070%
Next qtr. (Mar 2025)
150.000%
Current year (Sep 2025)
-96.210%
Next year (Sep 2026)
727.080%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total reported revenue | 331.50M | 294.48M | 327.89M | 387.18M | 330.97M |
| Cost of revenue | 87.23M | 95.16M | 97.17M | 101.07M | 107.85M |
| Gross profit | 244.27M | 199.31M | 230.72M | 286.11M | 223.12M |
| Operating expense | |||||
| Research & development | 121.56M | 123.33M | 107.12M | 112.07M | 88.90M |
| Selling general and admin | 74.19M | 85.41M | 73.75M | 95.66M | 82.78M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 46.31M | -15.28M | 38.34M | 65.69M | 38.89M |
| Non operating interest income | |||||
| Income | 5.35M | 4.47M | 1.01M | 109,000 | 585,000 |
| Expense | 12.55M | 14.77M | 14.39M | 14.00M | 22.74M |
| Other income expense | -623.72M | -10.81M | -223.70M | -3.53M | -39.78M |
| Pretax income | -584.61M | -36.39M | -198.75M | 48.27M | -23.04M |
| Tax provision | 3.47M | 19.87M | 112.08M | 2.38M | -4.72M |
| Net income | -588.08M | -56.25M | -310.83M | 45.89M | -18.32M |
| Basic EPS | -14.12 | -1.40 | -7.93 | 1.22 | -0.57 |
| Diluted EPS | -14.12 | -1.40 | -7.93 | 1.17 | -0.57 |
| Basic average shares | 41.64M | 40.22M | 39.19M | 37.75M | 36.43M |
| Diluted average shares | 41.64M | 40.22M | 39.19M | 37.75M | 36.43M |
| EBITDA | 64.82M | 6.34M | 62.27M | 97.02M | 46.20M |
| Net income from continuing op. | -588.08M | -56.25M | -310.83M | 45.89M | -18.32M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total assets | 702.36M | 1.30B | 1.32B | 1.71B | 1.69B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 121.49M | 101.15M | 94.85M | 128.43M | 136.07M |
| Other short term investments | 5.50M | 9.21M | 20.32M | 30.44M | 11.66M |
| Accounts receivable | 62.76M | 61.27M | 45.07M | 45.56M | 52.29M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 60.18M | 76.53M | 44.22M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 70.48M | 47.16M | 60.18M | — | — |
| Non current assets | |||||
| Properties | 16.31M | 15.39M | 18.13M | 18.34M | 22.81M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 83.69M | 78.28M | 75.92M | 54.11M | 55.14M |
| Construction in progress | 1.09M | 2.30M | — | 12.38M | 4.55M |
| Leases | 9.46M | 10.38M | 10.11M | 8.49M | 10.51M |
| Accumulated depreciation | -67.53M | -60.37M | -51.75M | -46.91M | -43.38M |
| Goodwill | 595.42M | 1.80B | 1.79B | 2.28B | 2.30B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.71M | 3.88M | 9.70M | 25.35M | 45.62M |
| Investments and advances | 3.45M | 10.61M | 11.58M | 7.34M | — |
| Other non current assets | 91.81M | 111.07M | 126.48M | 211.08M | 214.07M |
| Total liabilities | 561.26M | 602.72M | 605.54M | 673.78M | 727.55M |
| Current liabilities | |||||
| Accounts payable | 3.96M | 16.87M | 10.37M | 11.64M | 8.45M |
| Accrued expenses | 35.75M | 5.17M | 5.69M | 5.52M | 5.16M |
| Short term debt | 91.62M | 5.43M | 16.01M | 10.81M | 11.95M |
| Deferred revenue | 52.82M | 77.07M | 72.66M | 78.39M | 112.16M |
| Tax payable | 3.67M | 7.38M | 4.60M | 8.57M | 14.69M |
| Pensions | 18.76M | 25.00M | 19.71M | 39.54M | 37.96M |
| Other current liabilities | 10.23M | 11.17M | 17.99M | 10.83M | 8.27M |
| Non current liabilities | |||||
| Long term debt | 203.62M | 283.90M | 270.81M | 277.31M | 284.69M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 26.48M | 25.19M | 21.73M | 32.82M | 31.65M |
| Shareholders equity | |||||
| Common stock | 419,000 | 404,000 | 394,000 | 381,000 | 369,000 |
| Retained earnings | -921.74M | -333.66M | -283.25M | 27.58M | -18.32M |
| Other shareholders equity | -25.91M | -27.97M | -33.74M | 1.63M | 3.71M |
| Total shareholders equity | 141.10M | 694.88M | 712.95M | 1.03B | 960.07M |
| Additional paid in capital | 1.09B | 1.06B | 1.03B | 1.00B | 974.31M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | -588.08M | -56.25M | -310.83M | 45.89M | -18.32M | 100.27M | 5.88M | 47.28M | 34.94M |
| Depreciation | 10.63M | 16.04M | 23.94M | 29.66M | 30.04M | 28.84M | 25.77M | 19.67M | 19.76M |
| Deferred Taxes | -4.66M | 7.60M | 97.29M | -4.42M | -10.57M | -101.22M | 12.47M | -17.72M | -20.47M |
| Stock-Based Compensation | 23.67M | 40.77M | 28.08M | 60.56M | 47.29M | 29.68M | 22.04M | 19.79M | 18.59M |
| Other Non-Cash Items | 5.99M | -474,000 | 5.67M | 6.06M | 5.29M | — | — | — | — |
| Accounts Receivable | 11.76M | -16.96M | -6.59M | 5.75M | 15.15M | 904,000 | 8.47M | -17.94M | -4.22M |
| Accounts Payable | -12.56M | 5.77M | 157,000 | 3.41M | -2.43M | 10.13M | -6.29M | -1.03M | 3.63M |
| Other Assets & Liabilities | -56.24M | -18.34M | -23.65M | -38.67M | -37.38M | 22.01M | 36.93M | 44.55M | 63.75M |
| Operating Cash Flow | -609.48M | -21.85M | -185.94M | 108.24M | 29.08M | 90.62M | 105.27M | 94.61M | 115.97M |
| Investing Activities | |||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -584,000 | -2.56M | — | — | -79.80M | — | — |
| Purchase of Investments | — | -18.03M | -32.34M | -44.47M | -11.66M | — | — | — | — |
| Sale of Investments | 11.11M | 30.32M | 37.20M | 16.35M | — | — | — | — | — |
| Investing Cash Flow | 9.38M | 10.94M | 6.30M | -29.58M | -11.66M | — | -79.80M | — | — |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | — | 234.70M | — | — | 547.72M | — | — | — | — |
| Long-Term Debt Payments | -392,000 | -223.59M | -6.67M | -6.74M | -271.70M | — | — | — | — |
| Other Financing Charges | -419,000 | -17.18M | — | -520,000 | 6.56M | -83.55M | -28.95M | -92.07M | -105.62M |
| Financing Cash Flow | 10.09M | -30.03M | -19.61M | -41.51M | 121.55M | -83.55M | -28.95M | -92.07M | -105.62M |
| Other Cash Details | |||||||||
| End Cash Position | 121.49M | 101.15M | 94.85M | 128.43M | 136.07M | — | — | — | — |
| Income Tax Paid | 10.18M | 11.19M | 12.27M | 6.18M | 2.18M | 12.14M | 18.44M | — | — |
| Interest Paid | 6.03M | 11.57M | 9.09M | 9.55M | 14.73M | — | — | — | — |
| Free Cash Flow | 12.20M | 2.37M | -19.58M | 62.34M | 25.78M | 83.55M | 108.75M | 92.07M | 105.62M |
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Article
Cerence Inc. (CRNC) Q1 2025 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q1 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Nicholas Doyle - Needham & Company Mark Delaney - Goldman Sachs Colin Langan - Wells Fargo Daniel Hibshman - Craig-Hallum Jeff Osborne - TD Cowen Operator Welcome to Cerence's First Quarter of Fiscal Year 2025 Conference Call. Before we begin, I would like to remind you that this call may involve certain forward-looking statements.
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Feb 6, 2025
