---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039351"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:28:03.279068+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cerence Q3 revenue $61.7M (-31% YoY); GAAP net loss narrows to $16.5M

## Summary
- Revenue $61.7M vs $89.0M YoY; GAAP gross margin 66.0% down from 72.8%.
- GAAP net loss $16.5M ($0.41 per share) vs $99.3M loss YoY; non-GAAP net loss $1.7M.
- Adjusted EBITDA $2.8M (4.5% margin) vs $28.5M (32.0%) YoY, reflecting lower revenue.
- Convertible note refinancing yields ~$8M annual interest expense savings.
- Strategic wins: Japanese OEM connected services, Korean OEM ADAS, two-wheeler design win.

## SEC filing metadata
- accession: 0000950170-23-039351
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000095017023039351/0000950170-23-039351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017023039351/crnc-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039351
- JSON: https://secwatch.observer/filing/0000950170-23-039351.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039351.txt

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