---
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"
generated_at: "2026-06-07T21:34:02.255856+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1768267/000095017023066033/0000950170-23-066033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000095017023066033/crnc-20231127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-066033
- JSON: https://secwatch.observer/filing/0000950170-23-066033.json
- Plain text: https://secwatch.observer/filing/0000950170-23-066033.txt

## Key facts
- Earnings Releases
  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
  source text: Cerence Inc. (the "Company") announced its financial results for the fiscal year ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017023066033/0000950170-23-066033-index.htm

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