---
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"
generated_at: "2026-05-31T11:06:28.520455+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cerence Q3 GAAP net loss $313.5M; revenue $70.5M; restructuring with $18-22M charges

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093306
- JSON: https://secwatch.observer/filing/0000950170-24-093306.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093306.txt

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