---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002047"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:55:19.702605+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-002047
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2023-02-08T23:59:59+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/1768267/000095017023002047/0000950170-23-002047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017023002047/crnc-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002047
- JSON: https://secwatch.observer/filing/0000950170-23-002047.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002047.txt

## Key facts
- Earnings Releases
  Cerence Inc. reported financial results for the quarter ended December 31, 2022.
  - Period: the quarter ended December 31, 2022
  - Result: reported results
  source text: On February 8, 2023, Cerence Inc. (the "Company") announced its financial results for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017023002047/0000950170-23-002047-index.htm

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