{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-066033","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.364767+00:00","generated_at":"2026-06-07T21:34:02.255856+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cerence FY2023 revenue $294.5M, down 10% YoY; GAAP net loss narrows to $56.3M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-066033","json":"https://secwatch.observer/filing/0000950170-23-066033.json","markdown":"https://secwatch.observer/filing/0000950170-23-066033.md","text":"https://secwatch.observer/filing/0000950170-23-066033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023066033/0000950170-23-066033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023066033/crnc-20231127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:34:02.255856+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":"65951f8eabceb91cd44d94bc228d2a597545c1a1","claim":"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.","evidence_excerpt":"Cerence Inc. (the \"Company\") announced its financial results for the fiscal year ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017023066033/0000950170-23-066033-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and fiscal year 2023"},{"label":"Revenue","value":"GAAP revenue $80.8 million for Q4 and $294.5 million for fiscal year 2023"},{"label":"Net income","value":"GAAP net loss $(11.6) million for Q4 and $(56.3) million for fiscal year 2023"},{"label":"EPS","value":"GAAP net loss per share - diluted $(0.29) for Q4 and $(1.40) for fiscal year 2023"},{"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"}