{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-015394","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2025-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.789784+00:00","generated_at":"2026-05-27T01:44:58.949400+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 Q1 FY2025 revenue $50.9M down 63% YoY; GAAP net loss $24.3M","bullets":["GAAP revenue $50.9M vs $138.3M prior year; GAAP net loss of $24.3M ($0.57 diluted loss per share).","Non-GAAP net loss $1.5M vs $54.3M income; adjusted EBITDA $1.4M vs $70.4M.","Gross margin declined: GAAP 65.0% vs 81.0%; non-GAAP 65.9% vs 81.5%.","Q1 FY24 included $86.6M non-cash Toyota 'Legacy' revenue; Q1 FY25 revenue reflects ongoing transition.","GAAP operating margin swung from +42.3% to -33.3% year-over-year."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-015394","json":"https://secwatch.observer/filing/0000950170-25-015394.json","markdown":"https://secwatch.observer/filing/0000950170-25-015394.md","text":"https://secwatch.observer/filing/0000950170-25-015394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000095017025015394/0000950170-25-015394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000095017025015394/crnc-20250206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T01:44:58.949400+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"}