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I need some help throwing together a guess for reasonable valuation of Cerence once it goes -WI...

They will be a pureplay software for automotive applications with speech recognition and some "AI" as their strongest features? Blackberry, Google (Android), Apple (Carplay), and Sirius (?) seem to play here but I don't like any of them as a comp.

• Seems like revenue is $295MM for 12 months?
• Seems like Operating Income would be $20MM
• EBITDA might be ~$32.5MM, not profitable at Net, though

• P/S might be a steal at 2x or ~$16/sh? More clearly over-valued at $24/sh (over 3x)
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