Cerence Q1 revenue $83.7M, down 11% YoY; GAAP net loss $2.2M vs prior-year gain

Cerence Inc.

2023-Q1 EPS reported -$0.05 revenue$83,658,000

GAAP revenue $83.7M (down 11% YoY from $94.4M); gross margin 68.7% vs 74.3%.
GAAP net loss $2.2M ($0.05 diluted loss) vs net income $19.0M ($0.47) a year ago.
Non-GAAP net income $14.2M ($0.36 diluted EPS) vs $25.3M ($0.59); operating margin 20.5% vs 36.8%.
Cerence Co-Pilot added 4 new customers (2 win-backs); Cerence Ride won 3 design awards.
Investor Day outlined 'Destination Next' long-term growth strategy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Cerence Inc. reported financial results for the quarter ended December 31, 2022.

Period: the quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 8, 2023, Cerence Inc. (the "Company") announced its financial results for the quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-002047

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