{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-011536","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2024-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.459986+00:00","generated_at":"2026-06-06T08:22:38.680827+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cerence Q1 FY2024 beats guidance; revenue $138.3M, GAAP net income $23.9M","bullets":["GAAP revenue $138.3M, up 65% YoY, including $77.7M non-cash Toyota Legacy acceleration.","GAAP net income $23.9M ($0.53 diluted EPS) vs loss of $2.2M ($0.05 loss) a year ago.","Non-GAAP net income $54.3M ($1.12 diluted EPS) vs $14.2M ($0.36) YoY.","Adjusted EBITDA $70.4M (50.9% margin) vs $19.7M (23.5%) YoY.","AI partnerships with NVIDIA and Microsoft; new wins at Japanese and North American OEMs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-011536","json":"https://secwatch.observer/filing/0000950170-24-011536.json","markdown":"https://secwatch.observer/filing/0000950170-24-011536.md","text":"https://secwatch.observer/filing/0000950170-24-011536.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024011536/0000950170-24-011536-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024011536/crnc-20240206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T08:22:38.680827+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":"2e77b5c63b5bf864ea87bd0791f18a4bf2ed5edf","claim":"Cerence Inc. reported the quarter ended December 31, 2023 results: revenue $138.3, net income $23.9, EPS $0.53.","evidence_excerpt":"year 2024 results for the quarter ended December 31, 2023. Results Summary (1,2) (in millions, except per share data) Three Months Ended December 31, 2023 2022 GAAP revenue $ 138.3 $ 83.7 GAAP gross margin 81.0 % 68.7 % Non-GAAP gross margin 81.5 % 70.4 % GAAP operating margin 42.3 % -2.4 % Non-GAAP operating margin 49.4 % 20.5 % GAAP net income (loss) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024011536/0000950170-24-011536-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$138.3"},{"label":"Net income","value":"$23.9"},{"label":"EPS","value":"$0.53"},{"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"}