---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-143053"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T23:04:50.434496+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-143053
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312522143053/0001193125-22-143053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312522143053/d337541d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-143053
- JSON: https://secwatch.observer/filing/0001193125-22-143053.json
- Plain text: https://secwatch.observer/filing/0001193125-22-143053.txt

## Key facts
- Executive change
  Doug Davis was appointed as Director at Cerence Inc..
  - Action: appointed
  - Role: Director
  source text: appointed Doug Davis as a member of the Board and as a member of the Compensation Committee of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312522143053/0001193125-22-143053-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312522143053/0001193125-22-143053-index.htm

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