---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-015779"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:12:52.298098+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cerence reports Q3 FY22 GAAP net loss of $99.3M; revenue down 8% YoY to $89M

## Summary
- 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

## SEC filing metadata
- accession: 0000950170-22-015779
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000095017022015779/0000950170-22-015779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017022015779/crnc-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-015779
- JSON: https://secwatch.observer/filing/0000950170-22-015779.json
- Plain text: https://secwatch.observer/filing/0000950170-22-015779.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.