earnings
confidence high
sentiment positive
materiality 0.80
BlackBerry Q4 revenue $151M, non-GAAP EPS beat; announces up to $900M patent sale
BLACKBERRY Ltd
2023-FY EPS reported
-$1.35
revenue$656,000,000
- Q4 revenue $151M: IoT $53M, Cybersecurity $88M, Licensing $10M. Non-GAAP EPS loss $0.02 (beat), GAAP EPS loss $0.85 due to $476M impairment.
- Full year revenue $656M; non-GAAP EPS loss $0.18, GAAP EPS loss $1.27.
- QNX royalty backlog record $640M; IoT revenue up 16% YoY.
- Patent sale with Malikie Innovations (KPI) for up to $900M; no financing conditions, funding secured from US investment firm.
- Cybersecurity ARR $298M, billings $107M; cash $487M.