Cerence Inc. Files 8-K on Financial Condition & Operations

Ticker: CRNC · Form: 8-K · Filed: 2024-02-06T00:00:00.000Z

Sentiment: neutral

Topics: financial-condition, results-of-operations, 8-K

TL;DR

**Cerence Inc. just dropped an 8-K on its financials, so check their numbers.**

AI Summary

Cerence Inc. filed an 8-K on February 6, 2024, to report on its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing financially, directly impacting their investment's value and future potential.

Why It Matters

This filing provides investors with current financial information, allowing them to assess Cerence Inc.'s performance and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing business risks.

Analyst Insight

A smart investor would review the detailed financial statements and results of operations that accompany this 8-K to understand Cerence Inc.'s current performance and future outlook before making any investment decisions.

Key Players & Entities

FAQ

What is the purpose of Cerence Inc.'s 8-K filing dated February 6, 2024?

The purpose of Cerence Inc.'s 8-K filing dated February 6, 2024, is to report on the company's 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item Information.

What is the trading symbol and the exchange where Cerence Inc.'s common stock is registered?

Cerence Inc.'s common stock has the trading symbol 'CRNC' and is registered on 'The NASDAQ Stock Market LLC'.

What is the business address of Cerence Inc. as stated in the filing?

The business address of Cerence Inc. is '25 Mall Road, Suite 416, Burlington, Massachusetts 01803'.

What is the Commission File Number for Cerence Inc.?

The Commission File Number for Cerence Inc. is '001-39030'.

What was the earliest event reported date for this 8-K filing?

The earliest event reported date for this 8-K filing was 'February 6, 2024'.

Filing Stats: 597 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-02-06 07:11:56

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 6, 2024, Cerence Inc. (the "Company") announced its financial results for the quarter ended December 31, 2023. The press release, including the financial information contained therein, is attached hereto as Exhibit 99.1, and is incorporated herein by reference. Also on February 6, 2024, the Company used a presentation on its call with investors, discussing its financial results for the quarter ended December 31, 2023, and such earnings release presentation is furnished herewith as Exhibit 99.2. The press release and earnings release presentation include certain non-GAAP financial measures. A description of the non-GAAP measures, the reasons for their use, and GAAP to non-GAAP reconciliations are included in the press release and earnings release presentation. The information in this Item 2.02 and the exhibit attached hereto are being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release announcing financial results dated February 6, 2024 99.2 Earnings Release Presentation dated February 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Cerence Inc. Date: February 6, 2024 By: /s/ Thomas L. Beaudoin Name: Thomas L. Beaudoin Title: Executive Vice President and Chief Financial Officer

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