8-K
filed November 29, 2022, 6:59 PM ET
ticker CRNC
CIK 0001768267
earnings
confidence high
sentiment negative
materiality 0.75
Cerence reports Q4 revenue down 41% YoY, full year GAAP net loss of $310.8M
Cerence Inc.
2022-FY EPS reported
-$7.93
revenue$327,891,000
- 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.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cerence Inc. reported Three Months Ended September 30, 2022 results: revenue $ 58.1, net income $ (230.1 ), EPS $ (5.84 ).
- Period
- Three Months Ended September 30, 2022
- Revenue
- $ 58.1
- Net income
- $ (230.1 )
- EPS
- $ (5.84 )
- Result
- reported results
Exact text from the filing
Three Months Ended Twelve Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP revenue $ 58.1 $ 98.1 $ 327.9 $ 387.2 GAAP gross margin 58.1 % 75.4 % 70.4 % 73.9 % Non-GAAP gross margin 58.9 % 78.1 % 72.4 % 77.3 % GAAP operating margin -394.4 % 11.0 % -56.2 % 15.7 % Non-GAAP operating margin -9.8 % 37.2 % 23.5 % 37.8 % GAAP net (loss) income (2)(3) $ (230.1 ) $ 8.0 $ (310.8 ) $ 45.9 Non-GAAP net (loss) income $ (5.5 ) $ 28.4 $ 50.4 $ 107.2 Adjusted EBITDA $ (3.1 ) $ 38.8 $ 86.4 $ 155.9 Adjusted EBITDA margin -5.3 % 39.6 % 26.3 % 40.3 % GAAP net (loss) income per share - diluted $ (5.84 ) $ 0.20 $ (7.93 ) $ 1.17 Non-GAAP net (loss) income per share - diluted $ (0.14 ) $ 0.66 $ 1.24 $ 2.53
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cerence Inc. reported Twelve Months Ended September 30, 2022 results: revenue $ 327.9, net income $ (310.8 ), EPS $ (7.93 ).
- Period
- Twelve Months Ended September 30, 2022
- Revenue
- $ 327.9
- Net income
- $ (310.8 )
- EPS
- $ (7.93 )
- Result
- reported results
Exact text from the filing
Twelve Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP revenue $ 58.1 $ 98.1 $ 327.9 $ 387.2 GAAP gross margin 58.1 % 75.4 % 70.4 % 73.9 % Non-GAAP gross margin 58.9 % 78.1 % 72.4 % 77.3 % GAAP operating margin -394.4 % 11.0 % -56.2 % 15.7 % Non-GAAP operating margin -9.8 % 37.2 % 23.5 % 37.8 % GAAP net (loss) income (2)(3) $ (230.1 ) $ 8.0 $ (310.8 ) $ 45.9 Non-GAAP net (loss) income $ (5.5 ) $ 28.4 $ 50.4 $ 107.2 Adjusted EBITDA $ (3.1 ) $ 38.8 $ 86.4 $ 155.9 Adjusted EBITDA margin -5.3 % 39.6 % 26.3 % 40.3 % GAAP net (loss) income per share - diluted $ (5.84 ) $ 0.20 $ (7.93 ) $ 1.17 Non-GAAP net (loss) income per share - diluted $ (0.14 ) $ 0.66 $ 1.24 $ 2.53
View on SEC.gov
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