secwatch.observer — SEC 8-K summary
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Issuer:     Cerence Inc. (CRNC)
CIK:        0001768267
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001564590-22-019069
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerence Q2 FY22 revenue down 12.6% to $86.3M; posts GAAP net loss of $0.5M
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- Q2 FY22 GAAP revenue $86.3M (down 12.6% YoY from $98.7M); GAAP net loss $0.5M vs profit $11.2M.
- GAAP diluted EPS ($0.01); Non-GAAP diluted EPS $0.33 vs $0.69 prior year.
- Adjusted EBITDA $24.0M (27.9% margin) vs $39.3M (39.9%) prior year.
- First-half FY22 bookings $448M, up 53% YoY; company maintains full-year guidance.
- Secured four new two-wheeler customers and expanded with a North American OEM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768267/000156459022019069/0001564590-22-019069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768267/000156459022019069/crnc-8k_20220510.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-019069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer