BlackBerry prelim FY2023 rev $656M; IoT grows 16% but Cybersecurity misses; up to $440M goodwill impairment

BLACKBERRY Ltd

2023-FY EPS reported -$1.35 revenue$656,000,000

Preliminary FY2023 total revenue ~$656M; Q4 revenue ~$151M.
IoT rev ~$206M (+16% YoY), in line with outlook; Cybersecurity rev ~$418M, below guidance due to govt deals slipping into FY2024.
Non-cash goodwill impairment of up to $440M on Spark reporting unit, driven by stock market decline.
Cybersecurity billings in Q4 ~$107M, third sequential increase; full-year billings ~$401M.
Management to provide FY2024 outlook on Mar 30 earnings call; Analyst Day set for May 17, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACKBERRY Ltd reported the fiscal year ended February 28, 2023 results: revenue Total company revenue expected to be approximately $656 million..

Period: the fiscal year ended February 28, 2023
Revenue: Total company revenue expected to be approximately $656 million.
Result: preliminary results

Exact text from the filing

Total company revenue expected to be approximately $656 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACKBERRY Ltd reported the quarter and fiscal year ended February 28, 2023 results: revenue Total company revenue expected to be approximately $151 million..

Period: the quarter and fiscal year ended February 28, 2023
Revenue: Total company revenue expected to be approximately $151 million.
Result: preliminary results

Exact text from the filing

Total company revenue expected to be approximately $151 million.

View on SEC.gov

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Source: SEC EDGAR

accession 0001070235-23-000044

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