---
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"
generated_at: "2026-06-06T08:22:38.680827+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cerence Q1 FY2024 beats guidance; revenue $138.3M, GAAP net income $23.9M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-011536
- JSON: https://secwatch.observer/filing/0000950170-24-011536.json
- Plain text: https://secwatch.observer/filing/0000950170-24-011536.txt

## Key facts
- Earnings Releases
  Cerence Inc. reported the quarter ended December 31, 2023 results: revenue $138.3, net income $23.9, EPS $0.53.
  - Period: the quarter ended December 31, 2023
  - Revenue: $138.3
  - Net income: $23.9
  - EPS: $0.53
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1768267/000095017024011536/0000950170-24-011536-index.htm

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