secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBERRY Ltd (BB)
CIK:        0001070235
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001070235-23-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackBerry Q4 revenue $151M, non-GAAP EPS beat; announces up to $900M patent sale
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070235/000107023523000051/0001070235-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070235/000107023523000051/bbry-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001070235-23-000051

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