{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-019126","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.467892+00:00","generated_at":"2026-06-15T09:42:08.877763+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 Q2 revenue $68.4M (-21% YoY); GAAP net loss $26.1M","bullets":["Revenue $68.4M vs $86.3M YoY; GAAP net loss per share ($0.65) vs ($0.01).","Adjusted EBITDA $2.5M (3.6% margin) vs $24.0M (27.9%) YoY.","First-half bookings $263M; management expects strong H2 pipeline.","Won back a connected-services contract for a global luxury OEM in North America.","Launched generative AI-enhanced Car Knowledge product."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-019126","json":"https://secwatch.observer/filing/0000950170-23-019126.json","markdown":"https://secwatch.observer/filing/0000950170-23-019126.md","text":"https://secwatch.observer/filing/0000950170-23-019126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023019126/0000950170-23-019126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023019126/crnc-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:42:08.877763+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":"64f0f81db72e41d653eda2a8ba9e0599ec4c46f5","claim":"Cerence Inc. reported quarter ended March 31, 2023 results: revenue $ 68.4, net income $ (26.1 ), EPS $ (0.65 ) per share.","evidence_excerpt":"quarter ended March 31, 2023. Results Summary (1) (in millions, except per share data) Three Months Ended Six Months Ended March 31, March 31, 2023 2022 2023 2022 GAAP Revenue $ 68.4 $ 86.3 $ 152.1 $ 180.7 GAAP Gross Margin 63.4 % 71.8 % 66.3 % 73.1 % Non-GAAP Gross Margin 65.3 % 74.7 % 68.1 % 76.2 % GAAP Operating Margin -30.1 % 7.3 % -14.9 % 16.2 % Non-GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023019126/0000950170-23-019126-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2023"},{"label":"Revenue","value":"$ 68.4"},{"label":"Net income","value":"$ (26.1 )"},{"label":"EPS","value":"$ (0.65 ) per share"},{"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"}