Cerence preliminary Q2 revenue $85.5-$86.5M, GAAP EPS loss ($0.02)-($0.01); appoints new CFO and director

Cerence Inc.

2022-Q2 EPS reported $0.47 revenue$180,706,000

Preliminary Q2 revenue $85.5-$86.5M (guidance $82-86M); GAAP EPS loss ($0.02)-($0.01) vs guided profit $0.03-$0.06.
Non-GAAP EPS $0.32-$0.33 within guidance $0.31-$0.38; Adj. EBITDA $23.4-$24.5M in range; full FY2022 guidance reaffirmed.
CFO Marc Montagner resigned; board member Tom Beaudoin appointed EVP & CFO effective May 5; salary $475k, equity target $2.5M.
Doug Davis appointed to board (expanded to 8); former Intel SVP Automated Driving Group; received initial equity award ~$125k.
H1 fiscal 2022 bookings of $448.1M reported.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Doug Davis

Director

CRNC · Cerence Inc.

Effective: 2022-05-03
Filed: May 6, 2022, 7:59 PM ET

appointed Doug Davis as a member of the Board and as a member of the Compensation Committee of the Board, effective immediately.

Appointed

Thomas Beaudoin

Executive Vice President and Chief Financial Officer

CRNC · Cerence Inc.

Effective: 2022-05-05
Filed: May 6, 2022, 7:59 PM ET

appointed Thomas Beaudoin as Executive Vice President and Chief Financial Officer (and, in such capacity, the “principal financial officer” and “principal accounting officer” of the Company), effective May 5, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Doug Davis was appointed as Director at Cerence Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Doug Davis as a member of the Board and as a member of the Compensation Committee of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Beaudoin was appointed as Executive Vice President and Chief Financial Officer at Cerence Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

appointed Thomas Beaudoin as Executive Vice President and Chief Financial Officer (and, in such capacity, the “principal financial officer” and “principal accounting officer” of the Company), effective May 5, 2022.

View on SEC.gov

Cerence Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-143053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.