---
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"
generated_at: "2026-06-15T09:42:08.877763+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cerence Q2 revenue $68.4M (-21% YoY); GAAP net loss $26.1M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1768267/000095017023019126/0000950170-23-019126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017023019126/crnc-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019126
- JSON: https://secwatch.observer/filing/0000950170-23-019126.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019126.txt

## Key facts
- Earnings Releases
  Cerence Inc. reported quarter ended March 31, 2023 results: revenue $ 68.4, net income $ (26.1 ), EPS $ (0.65 ) per share.
  - Period: quarter ended March 31, 2023
  - Revenue: $ 68.4
  - Net income: $ (26.1 )
  - EPS: $ (0.65 ) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017023019126/0000950170-23-019126-index.htm

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