---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-029093"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2022-02-07T23:59:59+00:00"
generated_at: "2026-06-27T10:45:31.100162+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cerence Q1 revenue $94.4M, adj. EBITDA $36.9M; lowers FY2022 guide; CFO retiring

## Summary
- GAAP revenue $94.4M (+0.9% YoY); GAAP net income $19.0M ($0.47 EPS) vs $20.9M ($0.53) prior year.
- Non-GAAP net income $25.3M ($0.59 EPS) vs $23.6M ($0.57); adjusted EBITDA $36.9M (39.1% margin).
- Recorded second largest bookings quarter; initial revenue from fitness products; won new China two-wheeler customer.
- Company lowers FY2022 guidance (full details not provided in release).
- CFO Mark Gallenberger to retire March 11, 2022; will remain as advisor through Nov 15, 2022; search for successor commenced.

## SEC filing metadata
- accession: 0001193125-22-029093
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2022-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312522029093/0001193125-22-029093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312522029093/d219536d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-029093
- JSON: https://secwatch.observer/filing/0001193125-22-029093.json
- Plain text: https://secwatch.observer/filing/0001193125-22-029093.txt

## Key facts
- Executive change
  Mark Gallenberger departed as Chief Financial Officer at Cerence Inc..
  - Action: retire
  - Role: Chief Financial Officer
  source text: On February 7, 2022, the Company announced that Mark Gallenberger, Chief Financial Officer of the Company, intends to retire from the Company effective March 11, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312522029093/0001193125-22-029093-index.htm

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