CRNC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On August 5, 2026, our Board of Directors authorized a program to repurchase up to $30 million of our outstanding common stock. The program has a term of 12 months, expiring in August 2027 unless extended, renewed,

• or earlier terminated, and it may be suspended, modified, or discontinued at any time without prior notice. See “Liquidity and Capital Resources – Share Repurchase Program” below.

• The financial information presented in the accompanying unaudited condensed consolidated financial statements has been prepared in accordance with U.S. GAAP and in accordance with rules and regulations of the SEC regarding interim financial reporting. Accordingly, the financial statements do not inc…

• The condensed consolidated balance sheet data as of September 30, 2025 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustmen…

• Total revenues for the three months ended June 30, 2026 were $69.6 million, an increase of $7.4 million, or 11.8%, from $62.2 million for the three months ended June 30, 2025. Increases in revenue were attributable to higher fixed license revenue and higher connected services revenue, partially offs…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• The financial information presented in the accompanying unaudited condensed consolidated financial statements has been prepared in accordance with U.S. GAAP and in accordance with rules and regulations of the SEC

• regarding interim financial reporting. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.

• The condensed consolidated balance sheet data as of September 30, 2025 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustmen…

• Total revenues for the three months ended March 31, 2026 were $64.2 million, a decrease of $13.8 million, or 17.7%, from $78.0 million for the three months ended March 31, 2025. Decreases in revenue were attributable to lower fixed license contracts compared to the three months ended March 31, 2025,…

• License revenue for the three months ended March 31, 2026 was $37.6 million, a decrease of $13.9 million, or 27.0%, from $51.5 million for the three months ended March 31, 2025. The decrease in license revenue was primarily driven by a $15.7 million decrease in fixed contracts, offset by an increase…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• There can be no assurance that our share repurchase program will be consummated or that we will mitigate dilution posed by share issuances through the repurchase of our common stock.

• Our Board of Directors has authorized share repurchase authority of up to $30 million under our share repurchase program. The amount and timing of stock repurchases under this program are subject to capital availability and consideration of many factors, such as our financial condition, earnings, th…