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CRNC • CIK 0001768267
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Gross Profit | $199,312 | $244,272 | $183,136 | $243,555 |
| Operating Income (Loss) | $-27,199 | $-579,936 | $-2,291 | $26,981 |
| Investment Income, Interest | $4,471 | $5,353 | $3,853 | $2,833 |
| InterestExpenseNonoperating | — | — | $10,223 | $6,297 |
| Other Nonoperating Income (Expense) | $1,108 | $2,526 | $-160 | $-354 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-36,389 | $-584,610 | $-8,821 | $23,163 |
| Income Tax Expense (Benefit) | $19,865 | $3,468 | $9,893 | $38,557 |
| Net Income (Loss) Attributable to Parent | $-56,254 | $-588,078 | $-18,714 | $-15,394 |
| Revenue from Contract with Customer, Excluding Assessed Tax | $294,475 | $331,504 | $251,781 | $309,494 |
| Cost, Amortization | $414 | $103 | $0 | $0 |
| Cost of Goods and Services Sold | $95,163 | $87,232 | $68,645 | $65,939 |
| Research and Development Expense | $123,333 | $121,563 | $97,756 | $110,638 |
| Selling and Marketing Expense | $27,504 | $21,725 | $21,815 | $24,108 |
| General and Administrative Expense | $57,903 | $52,468 | $48,770 | $71,974 |
| Restructuring Costs | — | — | $15,418 | $9,854 |
| Goodwill, Impairment Loss | $0 | $609,172 | $0 | $0 |
| Operating Expenses | $226,511 | $824,208 | $185,427 | $216,574 |
| Weighted Average Number of Shares Outstanding, Basic | 40,215,000 | 41,642,000 | 43,180,000 | 45,130,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash Equivalents, at Carrying Value | $101,154 | $121,485 | $84,017 | $127,607 |
| Marketable Securities, Current | $9,211 | $5,502 | $3,433 | $0 |
| Marketable Securities, Noncurrent | $10,607 | $3,453 | $0 | $0 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $61,270 | $62,755 | $58,937 | $45,903 |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | $34,013 | $30,139 | $35,761 | $31,381 |
| Deferred Costs, Current | $6,935 | $5,286 | $4,481 | $4,331 |
| Deferred Costs, Noncurrent | $20,299 | $18,051 | $15,501 | $13,020 |
| Prepaid Expense and Other Assets, Current | $47,157 | $70,481 | $39,889 | $34,415 |
| Operating Lease, Right-of-Use Asset | $11,961 | $12,879 | $16,762 | $12,448 |
| Assets, Current | $225,727 | $265,509 | $190,757 | $212,256 |
| Goodwill | $900,342 | $296,858 | $299,003 | $295,976 |
| Finite-Lived Intangible Assets, Net | $3,875 | $1,706 | $0 | $0 |
| Deferred Income Tax Assets, Net | $46,601 | $51,398 | $54,207 | $38,709 |
| Other Assets, Noncurrent | $44,165 | $22,365 | $18,600 | $17,146 |
| Assets | $1,297,590 | $702,358 | $630,591 | $620,936 |
| Long-term Debt, Excluding Current Maturities | $275,951 | $194,812 | $199,693 | $173,458 |
| Contract with Customer, Liability, Noncurrent | $145,531 | $114,354 | $140,021 | $142,408 |
| Operating Lease, Liability, Noncurrent | $7,947 | $8,803 | $13,083 | $9,538 |
| Other Liabilities, Noncurrent | $25,193 | $26,484 | $25,928 | $27,242 |
| Liabilities | $602,715 | $561,261 | $479,915 | $454,582 |
| Accounts Payable, Current | $16,873 | $3,959 | $901 | $2,693 |
| Contract with Customer, Liability, Current | $77,068 | $52,822 | $51,865 | $55,799 |
| Operating Lease, Liability, Current | $5,434 | $4,528 | $4,344 | $4,056 |
| Long-term Debt, Current Maturities | $10,938 | $87,094 | $0 | $0 |
| Accrued Liabilities and Other Liabilities | $48,718 | $68,405 | $44,080 | $39,388 |
| Liabilities, Current | $148,093 | $216,808 | $101,190 | $101,936 |
| Common Stock, Value, Issued | $404 | $419 | $434 | $451 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-27,966 | $-25,912 | $-25,469 | $-27,880 |
| Additional Paid in Capital, Common Stock | $1,056,099 | $1,088,330 | $1,116,165 | $1,136,270 |
| Retained Earnings (Accumulated Deficit) | $-333,662 | $-921,740 | $-940,454 | $-942,487 |
| Stockholders' Equity Attributable to Parent | $694,875 | $141,097 | $150,676 | $166,354 |
| Accounts Receivable, Allowance for Credit Loss, Current | $4,044 | $1,613 | $68 | $72 |
| Common Stock, Shares Authorized | 560,000,000 | 560,000,000 | 560,000,000 | 560,000,000 |
| Common Stock, Shares, Issued | 40,423,000 | 41,924,000 | 43,374,000 | 45,188,000 |
| Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $825 | $410 | $63 | $63 |
| Finance Lease, Liability, Current | $437 | $394 | $53 | $26 |
| Finance Lease, Liability, Noncurrent | $408 | $53 | $0 | $0 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-56,254 | $-588,078 | $-18,714 | $-15,394 |
| Net Cash Provided by (Used in) Operating Activities | $7,498 | $17,196 | $61,173 | $84,713 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $-1,677 | $-1,469 | $-1,086 | $-2,019 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6,307 | $20,331 | $-37,468 | $53,935 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $101,154 | $121,485 | $84,017 | $72,044 |
| Depreciation, Depletion and Amortization, Nonproduction | $16,038 | $10,630 | $10,549 | $9,859 |
| Payments to Acquire Property, Plant, and Equipment | $5,124 | $4,996 | $14,356 | $6,074 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $3,626 | $3,545 | $220 | $18 |
| Payments to Acquire Marketable Securities | $18,025 | $18,025 | $0 | $0 |
| Share-based Payment Arrangement, Noncash Expense | $40,766 | $23,673 | $27,351 | $26,920 |
| Proceeds from Sale and Maturity of Marketable Securities | $30,324 | $11,112 | $5,512 | $5,444 |
| Payments for (Proceeds from) Other Investing Activities | $1,355 | $1,737 | $1,710 | $1,438 |
| Gain (Loss) on Extinguishment of Debt | $-1,333 | $-1,333 | $327 | $1,051 |
| Net Cash Provided by (Used in) Investing Activities | $5,820 | $4,379 | $-10,554 | $-2,068 |
| Deferred Income Tax Expense (Benefit) | $7,597 | $-4,658 | $241 | $21,105 |
| Goodwill, Impairment Loss | $0 | $609,172 | $0 | $0 |
| Foreign Currency Transaction Gain (Loss), Unrealized | $3,393 | $1,454 | $2,561 | $-572 |
| Other Operating Activities, Cash Flow Statement | $-3,388 | $-68 | $2,363 | $3,172 |
| Increase (Decrease) in Accounts Receivable | $16,964 | $-11,760 | $1,398 | $-9,091 |
| Repayments of Short-term Debt | — | — | $87,089 | $0 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $-28,192 | $12,466 | $-32,137 | $-16,991 |
| Proceeds from Lines of Credit | $24,700 | $24,700 | $0 | $0 |
| Increase (Decrease) in Deferred Charges | $-3,194 | $-4,801 | $-3,884 | $-2,982 |
| Increase (Decrease) in Accounts Payable | $5,774 | $-12,555 | $-3,150 | $-2,948 |
| Proceeds from Issuance of Long-term Debt | $210,000 | $210,000 | $0 | $0 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $-408 | $27,874 | $-18,237 | $-6,442 |
| Payments of Debt Issuance Costs | $17,176 | $419 | $0 | $0 |
| Increase (Decrease) in Contract with Customer, Liability | $-21,529 | $-61,040 | $23,298 | $16,552 |
| Repayments of Long-term Debt | $198,438 | $198,438 | $0 | $27,600 |
| Payments for Repurchase of Common Stock | $4,894 | $9,865 | $2,380 | $7,786 |
| Finance Lease, Principal Payments | $451 | $392 | $411 | $92 |
| Proceeds from Issuance of Common Stock | $5,625 | $10,901 | $2,879 | $8,787 |
| Net Cash Provided by (Used in) Financing Activities | $-5,334 | $225 | $-87,001 | $-26,691 |
| Income Taxes Paid, Net | $11,185 | $10,180 | $6,706 | $13,001 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $11,570 | $6,028 | $5,555 | $4,500 |