{"filings":[{"id":2475680,"accession_number":"0001628280-26-058988","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-08-26T12:00:01+00:00","items":["8.01"],"status":"ready","headline":"Cerence repurchases $10M of 1.50% convertible notes due 2028 at 92.75% of par","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repurchased $10M aggregate principal of 1.50% Convertible Senior Notes due 2028.","Cash repurchase price of 92.75% of principal, plus accrued and unpaid interest.","Repurchased notes to be canceled, reducing outstanding debt.","Transactions privately negotiated with certain holders on August 25, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2105884,"accession_number":"0001628280-26-054286","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-08-06T20:07:49+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Cerence AI Q3 revenue $69.6M (+12% YoY), net income $1.5M, first $30M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $69.6M (+12% YoY); GAAP net income $1.5M vs loss of $2.7M YoY; Adjusted EBITDA $13.5M (+50% YoY), above guidance.","Connected Services revenue grew >20% YoY; new multi-brand Cerence xUI award from Stellantis and first Mobile Work Agent customer.","Operating cash flow $20M, free cash flow $19.6M (+20% YoY).","Board authorized first-ever $30M share repurchase program over 12 months, starting Aug 10, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1415156,"accession_number":"0001628280-26-046899","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-07-02T20:11:17+00:00","items":["5.02"],"status":"ready","headline":"Director Marcy Klevorn resigns from Cerence board effective July 1, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Marcy Klevorn resigned from the Board of Cerence Inc., effective July 1, 2026.","Resignation was for personal reasons and not due to any disagreement with the Company.","She served on the Compensation Committee and the Nominating and Governance Committee.","No replacement has been announced at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95299,"accession_number":"0001628280-26-032114","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence AI Q2 revenue $64.2M beats guidance; raises full-year outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $64.2M, Adjusted EBITDA $7.2M, both above high end of guidance.","GAAP net income $1.7M ($0.04 diluted EPS); operating cash flow $14.1M; free cash flow $13.6M.","First Cerence xUI-powered vehicles entering production; expanding adoption across Audio AI and generative AI.","Raised midpoints of full-year revenue, Adjusted EBITDA, and free cash flow guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":179269000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108253,"accession_number":"0001628280-26-009007","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cerence shareholders elect six directors, approve say-on-pay, ratify BDO as auditor at 2026 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected; each received >21M for votes, with 10.7M broker non-votes.","Non-binding advisory say-on-pay approved: 16,307,363 for, 4,815,899 against, 1,099,687 abstain.","Ratification of BDO USA as auditor for FY2026: 32,356,572 for, 436,019 against, 99,697 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108252,"accession_number":"0001628280-26-005491","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2026-02-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Reports Strong Q1 FY26 Results with Record Free Cash Flow and Adjusted EBITDA Above Guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 FY26 revenue was $115.1M, including a $49.5M patent license payment; GAAP net loss was $5.2M.","Free cash flow reached a quarterly record of $35.6M, driven by net cash provided by operating activities of $37.9M.","Adjusted EBITDA of $44.6M exceeded the high end of guidance; full-year fiscal 2026 guidance reaffirmed.","Five Cerence xUI customer programs are in progress with major automakers; first xUI-powered cars expected in 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":115076000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124692,"accession_number":"0001628280-25-058847","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cerence repurchases $30M of 1.50% convertible notes due 2028 at 92% discount","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repurchased $30M aggregate principal amount of its 1.50% Convertible Senior Notes due 2028.","Cash repurchase price equal to 92% of principal plus accrued interest to settlement date.","Repurchased notes will be canceled, reducing outstanding debt.","Transaction completed in privately negotiated deals with certain holders.","Expected to lower future interest expense and leverage."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124691,"accession_number":"0001628280-25-053169","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-11-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q4 revenue $60.6M beats guidance; FY26 rev guidance $300-320M, +23% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP revenue $60.6M, above high-end guidance; FY25 revenue $251.8M, also above guidance.","Q4 Adjusted EBITDA $8.3M; free cash flow $9.7M; FY free cash flow $46.8M, nearly 3x YoY.","FY26 revenue guidance $300-320M includes Samsung patent license payment; core tech business expected up 8%.","GAAP net loss Q4 ($13.4M) or ($0.24) diluted EPS; FY net loss ($18.7M) or ($0.43) diluted EPS.","First Cerence xUI-powered cars expected on roads in 2026; all technology milestones met."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":251781000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124690,"accession_number":"0001628280-25-047927","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-11-03T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cerence settles patent litigation with Samsung; receives $49.5M lump sum payment","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Cerence filed two patent infringement lawsuits against Samsung (Oct 2023, Mar 2024); Samsung counterclaimed in Jul 2024.","Parties entered cross-license agreement on Oct 28, 2025, resolving all disputes.","Samsung to pay Cerence one-time lump sum of $49.5 million.","Trials for Samsung I (Oct 2025) and Samsung II (Apr 2026) were settled before trial."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141383,"accession_number":"0001768267-25-000005","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["2.05","5.02"],"status":"ready","headline":"Cerence announces foreign ops restructuring ($7.2-7.9M charges); retention pact for EVP Schanz","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Restructuring plan for foreign operations to reduce costs; estimated cash charges $7.2-7.9M, mostly severance.","Majority of charges expected in Q1 FY2026; plan substantially complete by end of Q1 FY2026.","Retention bonus of $350K for EVP Nils Schanz, repayable if resigns or terminated for cause before Aug 25, 2026.","Schanz also receives $2M equity award: 50% time-based RSUs vesting over 3 years, 50% PSUs tied to FY2026-2028 performance metrics."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141382,"accession_number":"0001628280-25-038336","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q3 revenue $62.2M beats guidance; net loss narrows to $2.7M; raises FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $62.2M exceeded $57-61M guidance; GAAP net loss $2.7M vs loss of $313.5M a year ago.","Adjusted EBITDA of $9.0M; free cash flow $16.1M, fifth consecutive positive FCF quarter.","Raised full-year FY2025 revenue guidance to $244-249M; also raised Adj. EBITDA and FCF guidance.","GAAP gross margin improved to 73.7% from 71.5%; non-GAAP total operating expenses $39.6M.","Cerence xUI hybrid LLM platform gaining customer wins and proof-of-concept momentum."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":191142000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159198,"accession_number":"0000950170-25-065725","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q2 FY2025 revenue $78M beats guidance; net income $21.7M, raises FY profit guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue of $78.0M (up 15% YoY), GAAP net income of $21.7M ($0.46 diluted EPS) vs $67.8M and ($278.0M) a year ago.","Adjusted EBITDA of $29.5M (improved from -$0.3M YoY); free cash flow of $13.1M, fourth consecutive positive quarter.","Reiterates full-year revenue guidance; raises full-year profitability and cash flow guidance.","GAAP gross margin expanded to 77.1% from 69.2% YoY; non-GAAP operating expenses fell to $34.1M from $50.0M."],"consensus_eps_estimate":-0.1453,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":128906000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177648,"accession_number":"0000950170-25-042711","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cerence appoints former Ford Motor Credit CEO Marion Harris to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Marion Harris appointed to Cerence board effective April 1, 2025; board expands from 7 to 8 directors.","Harris, a 25-year Ford veteran, most recently served as Chairman & CEO of Ford Motor Credit.","He will serve on the Audit Committee and receive an initial equity grant of ~$135,000 plus $100,000 annual cash retainer.","No other arrangements or material interests in any transaction were disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177647,"accession_number":"0000950170-25-022216","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cerence shareholders elect directors, approve say-on-pay, but reject officer liability limitation amendment","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All seven director nominees elected: Arun Sarin, Brian Krzanich, Marianne Budnik, Douglas Davis, Marcy Klevorn, Kristi Ann Matus, Alfred Nietzel.","Non-binding advisory say-on-pay compensation proposal approved with ~19.9M for vs 0.6M against.","Ratification of BDO USA as independent auditor for FY2025 approved with ~29.5M for vs 0.4M against.","Amendment to limit officer liability failed with 19.4M for, 1.2M against, 9.5M broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177646,"accession_number":"0000950170-25-015394","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q1 FY2025 revenue $50.9M down 63% YoY; GAAP net loss $24.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $50.9M vs $138.3M prior year; GAAP net loss of $24.3M ($0.57 diluted loss per share).","Non-GAAP net loss $1.5M vs $54.3M income; adjusted EBITDA $1.4M vs $70.4M.","Gross margin declined: GAAP 65.0% vs 81.0%; non-GAAP 65.9% vs 81.5%.","Q1 FY24 included $86.6M non-cash Toyota 'Legacy' revenue; Q1 FY25 revenue reflects ongoing transition.","GAAP operating margin swung from +42.3% to -33.3% year-over-year."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.57,"consensus_revenue_estimate":null,"consensus_revenue_actual":50896000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194353,"accession_number":"0001193125-24-284230","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["1.02","7.01","8.01","9.01"],"status":"ready","headline":"Cerence repurchases $27M of 3% convertible notes at 98.5% of par; terminates credit facility","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased $27M aggregate principal of 3% Convertible Senior Notes due 2025 at 98.5% of par plus accrued interest.","Plans to cancel repurchased notes and pay remaining $60.5M at maturity in June 2025 using cash on hand.","Intends to terminate undrawn $50M senior secured revolving credit facility after note repurchase.","Reaffirmed Q1 FY2025 and full-year FY2025 guidance issued on Nov 21, 2024.","CEO cites confidence in future; CFO highlights cash management and cost reduction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194352,"accession_number":"0001193125-24-269993","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-12-03T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cerence AI appoints Tony Rodriquez as permanent CFO with $475K salary and equity awards","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tony Rodriquez named EVP, CFO effective Nov 29, 2024; had served as interim CFO since June 2024.","Annual base salary $475K; target bonus 75% of salary; initial equity of 626,566 RSUs (half time-based, half performance-based).","Board adopted Amendment No.2 to 2024 Inducement Plan, increasing authorized shares from 3M to 4.5M for inducement grants.","Rodriquez entered into a change of control and severance agreement with severance multiples and equity acceleration triggers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194351,"accession_number":"0000950170-24-129486","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-11-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q4 revenue $54.8M beats guidance, positive cash flow; FY25 outlook $236-247M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $54.8M exceeded high end of guidance; cash flow from operations $6.1M positive.","FY24 GAAP revenue $331.5M (incl. $86.6M Toyota legacy non-cash); GAAP net loss $588.1M, EPS loss $14.12.","Non-GAAP net income $56.1M, adjusted EBITDA $80.6M; non-GAAP EPS $1.23 vs $0.36 YoY.","FY25 revenue guidance $236-247M; transformation plan on track for $35-40M annualized cost savings.","Record 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":-14.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":331504000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194350,"accession_number":"0001193125-24-233891","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-10-07T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Cerence appoints Brian Krzanich as CEO, reaffirms Q4 FY2024 guidance","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brian Krzanich appointed President and CEO effective Oct 7, 2024; succeeds Stefan Ortmanns.","Krzanich previously CEO of CDK Global and Intel; led CDK's $8.3B take-private exit in 2022.","Reaffirmed Q4 FY2024 guidance: revenue $44-50M, GAAP net loss ($32M)-($28M), adjusted EBITDA ($19M)-($13M).","Krzanich receives $600K base salary, target bonus 100%, and $6M initial equity award (50% time-based RSUs, 50% performance-based).","Board adopted Amendment No.1 to 2024 Inducement Plan, increasing authorized shares from 600K to 3M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210691,"accession_number":"0000950170-24-093306","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","2.05","9.01"],"status":"ready","headline":"Cerence Q3 GAAP net loss $313.5M; revenue $70.5M; restructuring with $18-22M charges","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $70.5M (+14% YoY); GAAP net loss $313.5M ($7.50 diluted loss) vs $16.5M loss a year ago.","Non-GAAP net income $8.4M ($0.19 diluted EPS) vs loss of $1.7M; Adjusted EBITDA $12.5M (17.7% margin).","Restructuring plan: estimated cash charges $18-22M, primarily severance; targeting $35-40M annual cost savings in FY25.","Five generative AI customer programs released to production in Q3.","Positive cash flow from operations of $12.9M in the quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":-13.66,"consensus_revenue_estimate":null,"consensus_revenue_actual":276699000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210690,"accession_number":"0001193125-24-174406","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-07-02T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Cerence CTO Iqbal Arshad resigns; CPO Nils Schanz takes expanded role; Q3 guidance reaffirmed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CTO Iqbal Arshad resigns effective July 5, 2024; CPO Nils Schanz assumes CTO responsibilities.","Schanz will lead global technology, engineering, and product development organization.","Company reaffirms Q3 FY2024 revenue guidance of $66M-$72M, GAAP net income ($4M)-$2M, adjusted EBITDA $4.5M-$10.5M.","Schanz previously led development of Mercedes-Benz MBUX system and joined Cerence in Oct 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229062,"accession_number":"0001193125-24-154289","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-06-04T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cerence appoints Tony Rodriquez as interim CFO effective June 4, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Rodriquez replaces CEO Stefan Ortmanns as principal financial officer; CFO search continues.","He is a partner at CSuite Financial Partners and will be paid $17,500/week via CSuite.","Rodriquez previously served as CFO of The Bouqs Company and TouchCommerce.","Appointment effective June 4; either party may terminate on 5 days' notice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229061,"accession_number":"0001193125-24-140726","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cerence CFO Daniel Tempesta resigns; CEO Ortmanns takes interim finance role","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel Tempesta resigned as CFO for personal reasons, effective May 17, 2024; no disagreement with the company.","CEO Stefan Ortmanns appointed interim principal financial officer effective May 17.","VP & Corporate Controller Katherine Roman appointed interim principal accounting officer.","Company retained third-party consulting firm for interim finance support; search for permanent CFO underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229060,"accession_number":"0000950170-24-056266","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q2 revenue beat goodwill $252M charge; lowers FY24 guidance, withdraws multi-year plan","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $67.8M (above high end of guidance), vs $68.4M YoY; GAAP net loss $278M ($6.66/sh) due to ~$252M goodwill impairment.","Non-GAAP net loss $3.6M ($0.09/sh) vs $1.7M loss YoY; adjusted EBITDA -$0.3M.","H1 FY24 revenue $206.2M (incl. $86.6M Toyota legacy) vs $152.1M; non-GAAP net income $50.7M ($1.07/sh).","Company lowering FY24 revenue and profit guidance; withdrawing multi-year financial outlook.","Secured six generative AI design wins; early validation of next-gen platform."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":206160000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229058,"accession_number":"0001193125-24-135028","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K/A","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence files 8-K/A to furnish prepared remarks from Q2 FY2024 earnings call due to audio issue","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Amendment filed solely to provide prepared remarks from May 9 earnings call that were inaudible.","Original Q2 FY2024 results announced on May 9 are unchanged; no financial restatement.","Exhibit 99.3 now includes prepared remarks from CEO Stefan Ortmanns and CFO Dan Tempesta.","No additional financial data or updates beyond the original press release and presentation."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":206160000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229059,"accession_number":"0001193125-24-095496","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-04-15T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cerence amends credit agreement: new EBITDA covenant, tighter leverage, maturity extended to 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment No. 3: net secured leverage ratio ≤3.00x, minimum EBITDA from -$5M to $40M, liquidity ≥$50M, capex ≤$10M.","Interest margin increased to SOFR+3.00% (SOFR loans) or ABR+2.00%.","Revolving facility maturity changed to April 1, 2026, with early maturity trigger if 2025 convertible notes not refinanced.","Truist Bank's commitment terminated; remaining lenders Wells Fargo, First-Citizens, Citibank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":247669,"accession_number":"0001193125-24-056964","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-03-04T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cerence appoints Daniel Tempesta as CFO, effective March 18, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tempesta, former Nuance CFO, will receive $500k base salary, 75% target bonus, and $6M in equity awards ($3M initial + $3M sign-on RSUs).","Outgoing CFO Thomas Beaudoin resigns as officer but remains on Cerence's Board of Directors; will support transition through April 30, 2024.","Board approved 2024 Inducement Plan reserving 600,000 shares for equity grants to new hires."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":247668,"accession_number":"0001193125-24-040019","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cerence shareholders elect all nine directors and approve say-on-pay at 2024 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All nine director nominees elected with >90% of votes cast (excluding broker non-votes); Arun Sarin received 28,317,475 for, 1,731,415 against.","Non-binding advisory vote on executive compensation approved: 27,521,397 for, 2,491,926 against, 69,292 abstain.","Ratification of BDO USA as independent auditor for fiscal year ending September 30, 2024 passed with 35,058,597 for, 81,231 against, 97,070 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":247667,"accession_number":"0000950170-24-011536","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2024-02-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q1 FY2024 beats guidance; revenue $138.3M, GAAP net income $23.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $138.3M, up 65% YoY, including $77.7M non-cash Toyota Legacy acceleration.","GAAP net income $23.9M ($0.53 diluted EPS) vs loss of $2.2M ($0.05 loss) a year ago.","Non-GAAP net income $54.3M ($1.12 diluted EPS) vs $14.2M ($0.36) YoY.","Adjusted EBITDA $70.4M (50.9% margin) vs $19.7M (23.5%) YoY.","AI partnerships with NVIDIA and Microsoft; new wins at Japanese and North American OEMs."],"consensus_eps_estimate":null,"consensus_eps_actual":0.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":138335000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265117,"accession_number":"0000950170-23-066033","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-11-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence FY2023 revenue $294.5M, down 10% YoY; GAAP net loss narrows to $56.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2023 GAAP revenue $294.5M (down from $327.9M); GAAP net loss $56.3M vs loss $310.8M prior year.","Q4 revenue $80.8M (up from $58.1M); Q4 GAAP net loss $11.6M vs loss $230.1M.","Non-GAAP net income FY $14.6M ($0.36 diluted EPS) vs $50.4M ($1.24); non-GAAP op margin 10.8%.","Q4 non-GAAP operating margin 17.8% vs -9.8% a year ago; adjusted EBITDA margin 20.5%.","14 strategic design wins in FY including 5 competitive winbacks; Cerence penetration at 54% of global auto production."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":294475000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282322,"accession_number":"0000950170-23-039351","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q3 revenue $61.7M (-31% YoY); GAAP net loss narrows to $16.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $61.7M vs $89.0M YoY; GAAP gross margin 66.0% down from 72.8%.","GAAP net loss $16.5M ($0.41 per share) vs $99.3M loss YoY; non-GAAP net loss $1.7M.","Adjusted EBITDA $2.8M (4.5% margin) vs $28.5M (32.0%) YoY, reflecting lower revenue.","Convertible note refinancing yields ~$8M annual interest expense savings.","Strategic wins: Japanese OEM connected services, Korean OEM ADAS, two-wheeler design win."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":213711000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301490,"accession_number":"0001193125-23-175180","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-06-26T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Cerence issues $190M of 1.5% convertible senior notes due 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $190M aggregate principal of 1.50% Convertible Senior Notes due 2028; initial purchasers have 13-day option for additional $20M (unexercised as of filing).","Interest payable semi-annually on Jan 1 and Jul 1, starting Jan 1, 2024; maturity Jul 1, 2028.","Conversion rate initially 24.5586 shares per $1,000 principal (initial conversion price ~$40.72 per share); company may elect cash, shares, or combination.","Notes are senior unsecured obligations; rank equal to existing unsecured debt; effectively junior to secured debt and structurally junior to subsidiary liabilities.","Company may redeem notes on/after Jul 6, 2026 if stock price ≥130% of conversion price for 20 of 30 trading days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301489,"accession_number":"0001193125-23-171803","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-06-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cerence prices $190M 1.50% convertible notes due 2028, repurchases $87.5M of 2025 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$190M principal, 1.50% coupon, due July 1, 2028; conversion price ~$40.72 (22.5% premium over $33.24 close).","Net proceeds ~$184.1M ($203.6M if overallotment exercised); closing expected June 26, 2023.","Uses ~$102M to repurchase $87.5M of 3.00% 2025 notes; remaining repays ~$106.8M term loan.","May borrow up to $24.7M under revolving credit if overallotment not fully exercised."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301488,"accession_number":"0001193125-23-158446","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-06-01T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cerence appoints former Ford executive Marcy Klevorn to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expanded from 8 to 9 directors; Klevorn appointed effective June 1, 2023.","Initial equity award target value ~$135,000; annual cash retainer $100,000.","Klevorn spent 35 years at Ford, including global CIO and President of Ford Mobility.","Also serves on boards of Northern Trust and Humana."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301487,"accession_number":"0000950170-23-019126","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q2 revenue $68.4M (-21% YoY); GAAP net loss $26.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $68.4M vs $86.3M YoY; GAAP net loss per share ($0.65) vs ($0.01).","Adjusted EBITDA $2.5M (3.6% margin) vs $24.0M (27.9%) YoY.","First-half bookings $263M; management expects strong H2 pipeline.","Won back a connected-services contract for a global luxury OEM in North America.","Launched generative AI-enhanced Car Knowledge product."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.7,"consensus_revenue_estimate":null,"consensus_revenue_actual":152051000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301486,"accession_number":"0001193125-23-135881","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-05-04T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Cerence amends bylaws to align with SEC Rule 14a-19 and DGCL updates","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved Second Amended and Restated By-laws effective April 28, 2023.","Adds universal proxy requirements: stockholders must disclose proxy solicitation plans and comply with Rule 14a-19.","Reserves white proxy cards for Board; other solicitors must use a different color.","Enhances disclosure and procedural rules for director nominations and stockholder proposals.","Designates federal district courts as exclusive forum for claims under Securities Act and Exchange Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301485,"accession_number":"0001193125-23-108711","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-04-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cerence CTO Prateek Kathpal resigns, enters transition agreement through Nov 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CTO Prateek Kathpal resigned effective May 8, 2023 to pursue another opportunity.","Transition agreement from May 9 to Nov 30, 2023; advisory fees up to $250K based on metrics.","44,857 time-based RSUs vesting Oct 1, 2023 may continue if he remains and meets metrics; other equity forfeited.","Reaffirmed confidentiality obligations and release of claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301484,"accession_number":"0001193125-23-094059","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-04-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cerence CTO Prateek Kathpal resigns effective May 8, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Prateek Kathpal resigns as CTO effective May 8, 2023, to pursue another opportunity.","Company has commenced search for new CTO; Technology & Platform organization to report to CPO Nils Schanz in interim.","No other details provided; no financial impact disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321286,"accession_number":"0001193125-23-030264","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-02-09T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cerence shareholders elect eight directors, ratify auditor at 2023 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Eight director nominees elected, including Arun Sarin, Stefan Ortmanns, Thomas Beaudoin, and others.","BDO USA, LLP ratified as independent auditor for FY2023 with 33,639,084 votes for.","Advisory vote on named executive officer compensation approved with 26,687,345 for.","All three proposals passed with broker non-votes reported for director and compensation votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321285,"accession_number":"0000950170-23-002047","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-02-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q1 revenue $83.7M, down 11% YoY; GAAP net loss $2.2M vs prior-year gain","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $83.7M (down 11% YoY from $94.4M); gross margin 68.7% vs 74.3%.","GAAP net loss $2.2M ($0.05 diluted loss) vs net income $19.0M ($0.47) a year ago.","Non-GAAP net income $14.2M ($0.36 diluted EPS) vs $25.3M ($0.59); operating margin 20.5% vs 36.8%.","Cerence Co-Pilot added 4 new customers (2 win-backs); Cerence Ride won 3 design awards.","Investor Day outlined 'Destination Next' long-term growth strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":83658000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321284,"accession_number":"0001193125-23-006894","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2023-01-12T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cerence enters change of control severance agreement with CTO Prateek Kathpal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Agreement has three-year initial term, automatically renews unless either party gives 90 days notice.","Without cause termination outside change of control: 100% base salary over 12 months, target bonus + pro-rata, equity vesting for 12 months, 12 months COBRA.","Within one year after change of control: lump sum 150% base salary, 150% target bonus + pro-rata, full equity acceleration, 18 months COBRA.","Death or disability triggers full time-based equity vesting and pro-rata performance-based awards.","Severance contingent on signing a release and complying with confidentiality and non-competition/non-solicitation covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":339395,"accession_number":"0000950170-22-025762","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-11-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence reports Q4 revenue down 41% YoY, full year GAAP net loss of $310.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP revenue $58.1M vs $98.1M prior year; full year revenue $327.9M vs $387.2M.","Full year GAAP net loss $310.8M ($7.93 diluted loss per share); non-GAAP net income $50.4M ($1.24 diluted EPS).","Fiscal 2022 new bookings $684M, up 16% YoY; record Professional Services revenue.","Q4 Adjusted EBITDA -$3.1M vs $38.8M prior year; full year Adjusted EBITDA $86.4M vs $155.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":327891000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":356767,"accession_number":"0000950170-22-015779","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence reports Q3 FY22 GAAP net loss of $99.3M; revenue down 8% YoY to $89M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $99.3M ($2.53 diluted loss per share); non-GAAP net income of $17.0M ($0.43 diluted EPS)","Revenue of $89.0M, down 8% from $96.8M in Q3 FY21; GAAP gross margin 72.8%","Record professional services revenue; secured a win back from Big Tech","Non-GAAP operating margin 29.4% vs 37.7% a year ago; adjusted EBITDA margin 32.0%","Nine-month revenue $269.7M vs $289.1M; non-GAAP net income $55.9M vs $78.8M"],"consensus_eps_estimate":null,"consensus_eps_actual":-2.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":269747000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375225,"accession_number":"0001193125-22-181555","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-06-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cerence enters new change of control equity acceleration and severance agreements with CEO Stefan Ortmanns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["US CoC agreement provides accelerated equity vesting: 18-month time-based vesting upon termination without cause; 100% acceleration within change of control period.","GmbH CoC agreement provides cash severance: 150% base salary + bonus outside change of control; 200% inside change of control period.","Both agreements effective June 19/21, 2022, replace prior December 2019 agreements.","Initial three-year term with automatic one-year renewals; extends to one-year anniversary after a change of control."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375224,"accession_number":"0001564590-22-019069","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-05-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q2 FY22 revenue down 12.6% to $86.3M; posts GAAP net loss of $0.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 FY22 GAAP revenue $86.3M (down 12.6% YoY from $98.7M); GAAP net loss $0.5M vs profit $11.2M.","GAAP diluted EPS ($0.01); Non-GAAP diluted EPS $0.33 vs $0.69 prior year.","Adjusted EBITDA $24.0M (27.9% margin) vs $39.3M (39.9%) prior year.","First-half FY22 bookings $448M, up 53% YoY; company maintains full-year guidance.","Secured four new two-wheeler customers and expanded with a North American OEM."],"consensus_eps_estimate":null,"consensus_eps_actual":0.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":180706000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375222,"accession_number":"0001193125-22-146273","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K/A","filed_at":"2022-05-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cerence Board adopts annual Say-on-Pay frequency after shareholder vote","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders expressed preference for annual Say-on-Pay votes at Feb 2, 2022 annual meeting.","Board of Directors approved annual Say-on-Pay frequency on May 4, 2022.","Next re-evaluation of frequency is set for the 2028 annual meeting.","This amendment was filed solely to disclose the Board's decision."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375223,"accession_number":"0001193125-22-143053","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-05-06T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Cerence preliminary Q2 revenue $85.5-$86.5M, GAAP EPS loss ($0.02)-($0.01); appoints new CFO and director","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Preliminary Q2 revenue $85.5-$86.5M (guidance $82-86M); GAAP EPS loss ($0.02)-($0.01) vs guided profit $0.03-$0.06.","Non-GAAP EPS $0.32-$0.33 within guidance $0.31-$0.38; Adj. EBITDA $23.4-$24.5M in range; full FY2022 guidance reaffirmed.","CFO Marc Montagner resigned; board member Tom Beaudoin appointed EVP & CFO effective May 5; salary $475k, equity target $2.5M.","Doug Davis appointed to board (expanded to 8); former Intel SVP Automated Driving Group; received initial equity award ~$125k.","H1 fiscal 2022 bookings of $448.1M reported."],"consensus_eps_estimate":null,"consensus_eps_actual":0.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":180706000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393610,"accession_number":"0001193125-22-075466","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-03-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cerence appoints Marc Montagner as CFO, effective April 4, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Marc Montagner named EVP and CFO, replacing Mark Gallenberger who retired March 11.","Montagner previously CFO of Endurance International Group and LightSquared.","Base salary $450,000; STI target 75% of base; initial equity award target $4.3M.","Severance agreement includes change-of-control provisions with up to 150% salary and equity acceleration.","Montagner also eligible for annual LTI award of $2.75M in November 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393609,"accession_number":"0001564590-22-004009","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-02-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cerence Q1 revenue $94.4M, GAAP EPS $0.47, non-GAAP EPS $0.59; lowers FY2022 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $94.4M (up ~1% YoY); GAAP net income $19.0M vs $20.9M; GAAP diluted EPS $0.47 vs $0.53.","Non-GAAP net income $25.3M vs $23.6M; non-GAAP diluted EPS $0.59 vs $0.57; adjusted EBITDA $36.9M vs $39.0M.","Recorded second largest bookings quarter; won China two-wheeler customer; initial fitness product revenue.","Company lowered full-year fiscal 2022 guidance; no details provided in release.","Non-GAAP operating margin 36.8% vs 38.9%; GAAP operating margin improved to 24.3% from 18.7%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":94426000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393608,"accession_number":"0001193125-22-029093","cik":1768267,"company_name":"Cerence Inc.","ticker":"CRNC","form_type":"8-K","filed_at":"2022-02-07T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Cerence Q1 revenue $94.4M, adj. EBITDA $36.9M; lowers FY2022 guide; CFO retiring","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP revenue $94.4M (+0.9% YoY); GAAP net income $19.0M ($0.47 EPS) vs $20.9M ($0.53) prior year.","Non-GAAP net income $25.3M ($0.59 EPS) vs $23.6M ($0.57); adjusted EBITDA $36.9M (39.1% margin).","Recorded second largest bookings quarter; initial revenue from fitness products; won new China two-wheeler customer.","Company lowers FY2022 guidance (full details not provided in release).","CFO Mark Gallenberger to retire March 11, 2022; will remain as advisor through Nov 15, 2022; search for successor commenced."],"consensus_eps_estimate":null,"consensus_eps_actual":0.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":94426000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":530504870.6723843,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-02-07T23:59:59+00:00|393608"}