{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-093306","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.463869+00:00","generated_at":"2026-05-31T11:06:28.520455+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cerence Q3 GAAP net loss $313.5M; revenue $70.5M; restructuring with $18-22M charges","bullets":["GAAP revenue $70.5M (+14% YoY); GAAP net loss $313.5M ($7.50 diluted loss) vs $16.5M loss a year ago.","Non-GAAP net income $8.4M ($0.19 diluted EPS) vs loss of $1.7M; Adjusted EBITDA $12.5M (17.7% margin).","Restructuring plan: estimated cash charges $18-22M, primarily severance; targeting $35-40M annual cost savings in FY25.","Five generative AI customer programs released to production in Q3.","Positive cash flow from operations of $12.9M in the quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-093306","json":"https://secwatch.observer/filing/0000950170-24-093306.json","markdown":"https://secwatch.observer/filing/0000950170-24-093306.md","text":"https://secwatch.observer/filing/0000950170-24-093306.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024093306/0000950170-24-093306-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017024093306/crnc-20240808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:06:28.520455+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}