---
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"
generated_at: "2026-06-21T12:22:32.756396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cerence reports Q4 revenue down 41% YoY, full year GAAP net loss of $310.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025762
- JSON: https://secwatch.observer/filing/0000950170-22-025762.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025762.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm

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