Advertisement
- United States
- /
- Software
- /
- NasdaqGS:CRNC
Cerence Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Cerence (NASDAQ:CRNC) Full Year 2023 Results
Key Financial Results
- Revenue: US$294.5m (down 10% from FY 2022).
- Net loss: US$56.3m (loss narrowed by 82% from FY 2022).
- US$1.40 loss per share (improved from US$7.93 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cerence Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 5.3%.
In the last 12 months, the only revenue segment was Automotive contributing US$294.5m. The largest operating expense was Research & Development (R&D) costs, amounting to US$123.3m (48% of total expenses). Explore how CRNC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 4.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Cerence that you need to take into consideration.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:CRNC
Cerence
Provides AI-powered assistants for the mobility/transportation market in the United States, the rest of the Americas, Germany, the rest of Europe, the Middle East, Africa, Japan, and the rest of the Asia-Pacific.
Very undervalued with moderate growth potential.
Similar Companies
Market Insights
Advertisement
Weekly Picks
CE
Ceazar on Sparc AI ·
When GPS fails: this small cap is fixing a $54B drone problem
Fair Value:CA$5.2552.0% undervalued
130 followersusers have followed this narrative
0 commentsusers have commented on this narrative
25 likesusers have liked this narrative
BL
BlackGoat on IREN ·
IREN's Bold Moves in Sustainable Bitcoin Mining & AI Data Centers
Fair Value:US$71.4848.5% undervalued
227 followersusers have followed this narrative
10 commentsusers have commented on this narrative
33 likesusers have liked this narrative
HE
HedgeY on Arm Holdings ·
The Architecture Layer of AI Computing - But Priced Like the Future Already Arrived?
Fair Value:US$43044.3% undervalued
27 followersusers have followed this narrative
1 commentusers have commented on this narrative
8 likesusers have liked this narrative
HI
Hidden_Rock_Capital on Fiserv ·
Temporary "perfect storm" leads to opportunity to buy financial services leader for less than 5x long-term earnings
Fair Value:US$119.9955.0% undervalued
37 followersusers have followed this narrative
1 commentusers have commented on this narrative
11 likesusers have liked this narrative
Recently Updated Narratives
CH
ChuckN on XPLR Infrastructure ·
Investor Thesis: Why XPLR Infrastructure Could Be Deeply Undervalued in an AI Power Cycle
Fair Value:US$209.0294.3% undervalued
5 followersusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
AN
andre_santos on Netflix ·
Netflix - A Fundamental Valuation
Fair Value:US$98.7127.4% undervalued
10 followersusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
JO
John_Eric on Reddit ·
Reddit's Discount Is Big Enough to Make Me Suspicious. Here's What I Found When I Went Looking for the Reason.
Fair Value:US$423.6866.8% undervalued
1 followerusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
Popular Narratives
OS
oscargarcia on NVIDIA ·
The company that went from selling GPUs to gamers to becoming the AI arms dealer of the 21st century.
Fair Value:US$28028.3% undervalued
233 followersusers have followed this narrative
9 commentsusers have commented on this narrative
15 likesusers have liked this narrative
CU
CubanEros on Microsoft ·
A wonderful business at reasonable price.
Fair Value:US$419.9110.7% overvalued
112 followersusers have followed this narrative
0 commentsusers have commented on this narrative
7 likesusers have liked this narrative
TR
tripledub on Alphabet ·
Warren Buffett Just Bet $10 Billion on Google. The Catch? You May Already Be Too Late.
Fair Value:US$23054.8% overvalued
125 followersusers have followed this narrative
1 commentusers have commented on this narrative
18 likesusers have liked this narrative
Trending Discussion
GR
greg_xasak on Fiserv ·
As someone who has dealt directly with them as a CTO for a credit union, I have 8 years of horror stories about doing business with them. If there was any other competitor than could deliver 80% of Fiserv services, there would be a mad rush to migrate to them. They should thank their lucky stars they are a near monopoly. this industry is so ripe for a well funded competitor. Their integration of technology is awful, their ability to fix their own implementation screwups is sadly tragic. Sometimes they just silently kill support tickets without resolution and you never find out until you do a follow up inquiry. Why, because sometimes no one you are dealing with knows how to fix it and knows no one to ask for help. They can not meet their own implementation deadlines and sometimes there is no one on a technical team dealing with you that has any banking or credit union experience. The is an industry insider phrase when you meet other Fiserv customers called being "Fiserved". It means telling others of your worst stories of dealing with them. Ask around, all CTO's have some doozies.
2
|0
