{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-056266","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.977349+00:00","generated_at":"2026-06-02T06:38:39.634425+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cerence Q2 revenue beat goodwill $252M charge; lowers FY24 guidance, withdraws multi-year plan","bullets":["GAAP revenue $67.8M (above high end of guidance), vs $68.4M YoY; GAAP net loss $278M ($6.66/sh) due to ~$252M goodwill impairment.","Non-GAAP net loss $3.6M ($0.09/sh) vs $1.7M loss YoY; adjusted EBITDA -$0.3M.","H1 FY24 revenue $206.2M (incl. $86.6M Toyota legacy) vs $152.1M; non-GAAP net income $50.7M ($1.07/sh).","Company lowering FY24 revenue and profit guidance; withdrawing multi-year financial outlook.","Secured six generative AI design wins; early validation of next-gen platform."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-056266","json":"https://secwatch.observer/filing/0000950170-24-056266.json","markdown":"https://secwatch.observer/filing/0000950170-24-056266.md","text":"https://secwatch.observer/filing/0000950170-24-056266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024056266/0000950170-24-056266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024056266/crnc-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:38:39.634425+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":"378ce364a44eeb44b02812215662a5926f033704","claim":"Cerence Inc. reported Second quarter fiscal year 2024 ended March 31, 2024 results: revenue $67.8 million, net income GAAP net loss of $(278.0) million, EPS $(6.66) GAAP net loss per share - diluted. Guidance lowered.","evidence_excerpt":"Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024056266/0000950170-24-056266-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second quarter fiscal year 2024 ended March 31, 2024"},{"label":"Revenue","value":"$67.8 million"},{"label":"Net income","value":"GAAP net loss of $(278.0) million"},{"label":"EPS","value":"$(6.66) GAAP net loss per share - diluted"},{"label":"Guidance","value":"lowered"},{"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"}