{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-025762","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2022-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.041419+00:00","generated_at":"2026-06-21T12:22:32.756396+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cerence reports Q4 revenue down 41% YoY, full year GAAP net loss of $310.8M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-025762","json":"https://secwatch.observer/filing/0000950170-22-025762.json","markdown":"https://secwatch.observer/filing/0000950170-22-025762.md","text":"https://secwatch.observer/filing/0000950170-22-025762.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/crnc-20221129.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:22:32.756396+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"268d109d7968a7a88d6b0e559e46c6abba39c198","claim":"Cerence Inc. reported Three Months Ended September 30, 2022 results: revenue $ 58.1, net income $ (230.1 ), EPS $ (5.84 ).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended September 30, 2022"},{"label":"Revenue","value":"$ 58.1"},{"label":"Net income","value":"$ (230.1 )"},{"label":"EPS","value":"$ (5.84 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5384e49cdc91f7e980abaacf3af29f387265643e","claim":"Cerence Inc. reported Twelve Months Ended September 30, 2022 results: revenue $ 327.9, net income $ (310.8 ), EPS $ (7.93 ).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Twelve Months Ended September 30, 2022"},{"label":"Revenue","value":"$ 327.9"},{"label":"Net income","value":"$ (310.8 )"},{"label":"EPS","value":"$ (7.93 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}