Cerence Inc

NASDAQ CRNC

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Cerence Inc Tangible Book Value per Share 3 year CAGR for the Trailing 12 Months (TTM) ending June 30, 2023

Cerence Inc Tangible Book Value per Share 3 year CAGR is NA for the Trailing 12 Months (TTM) ending June 30, 2023. Tangible book value per share represents the shareholders' equity (tangible) minus goodwill and intangible assets divided by the weighted average number of outstanding shares. It provides the value of tangible assets per share owned by the shareholders. This ratio helps investors assess the tangible asset value relative to the number of shares outstanding. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Cerence Inc Tangible Book Value per Share for the Trailing 12 Months (TTM) ending March 31, 2023 was -28.96, a 6.94% change year over year.
Cerence Inc Tangible Book Value per Share for the Trailing 12 Months (TTM) ending March 31, 2022 was -31.12.

NASDAQ: CRNC

Cerence Inc

CEO	Dr. Stefan Ortmanns
IPO Date	Oct. 2, 2019
Location	United States
Headquarters	15 Wayside Road, Burlington, MA, United States, 01803
Employees	1,700
Sector	Technology
Industry	Software - application

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.

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