secwatch.observer — SEC 8-K summary
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Issuer:     Cerence Inc. (CRNC)
CIK:        0001768267
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0000950170-22-025762
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/0000950170-22-025762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768267/000095017022025762/crnc-20221129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025762

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