Cerence FY2023 revenue $294.5M, down 10% YoY; GAAP net loss narrows to $56.3M

Cerence Inc.

2023-FY EPS reported -$1.40 revenue$294,475,000

FY2023 GAAP revenue $294.5M (down from $327.9M); GAAP net loss $56.3M vs loss $310.8M prior year.
Q4 revenue $80.8M (up from $58.1M); Q4 GAAP net loss $11.6M vs loss $230.1M.
Non-GAAP net income FY $14.6M ($0.36 diluted EPS) vs $50.4M ($1.24); non-GAAP op margin 10.8%.
Q4 non-GAAP operating margin 17.8% vs -9.8% a year ago; adjusted EBITDA margin 20.5%.
14 strategic design wins in FY including 5 competitive winbacks; Cerence penetration at 54% of global auto production.

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 0.99

Cerence Inc. reported fourth quarter and fiscal year 2023 results: revenue GAAP revenue $80.8 million for Q4 and $294.5 million for fiscal year 2023, net income GAAP net loss $(11.6) million for Q4 and $(56.3) million for fiscal year 2023, EPS GAAP net loss per share - diluted $(0.29) for Q4 and $(1.40) for fiscal year 2023.

Period: fourth quarter and fiscal year 2023
Revenue: GAAP revenue $80.8 million for Q4 and $294.5 million for fiscal year 2023
Net income: GAAP net loss $(11.6) million for Q4 and $(56.3) million for fiscal year 2023
EPS: GAAP net loss per share - diluted $(0.29) for Q4 and $(1.40) for fiscal year 2023
Result: reported results

Exact text from the filing

Cerence Inc. (the "Company") announced its financial results for the fiscal year ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-066033

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