BlackBerry reports Q1 FY2023 revenue $168M, GAAP loss $0.31/share due to $165M litigation settlement

BLACKBERRY Ltd

2023-Q1 EPS reported -$0.35 revenue$168,000,000

Total revenue $168M; IoT $51M (+19% YoY), Cybersecurity $113M (+6% YoY), Licensing & Other $4M.
GAAP operating loss $177M includes $165M one-time litigation settlement; Non-GAAP operating loss $27M.
GAAP basic loss per share $0.31; Non-GAAP basic loss per share $0.05.
IoT royalty revenue backlog ~$560M (+14% YoY); QNX embedded in 215M vehicles (up from 195M).
Cash and investments $721M, net cash $356M; cash used in operations $42M.

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