secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBERRY Ltd (BB)
CIK:        0001070235
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001070235-23-000083
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackBerry provides long-term revenue targets: IoT $240-370M, Cybersecurity $425-590M by FY26
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- IoT revenue target: FY24 $240-250M, FY26 $340-370M (18-22% CAGR).
- Cybersecurity revenue target: FY24 $425-450M, FY26 $540-590M (9-12% CAGR).
- Total BlackBerry revenue target: FY24 $665-700M, FY26 $880-960M (12-15% CAGR).
- Targeting non-GAAP profitability in Q4 FY24 and positive full-year non-GAAP EPS and cash flow in FY25.
- Targeting non-GAAP gross margin improvement of 200+ bps/year; Cybersecurity gross margin +400-600 bps by FY26.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070235/000107023523000083/0001070235-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070235/000107023523000083/bbry-20230517.htm
  HTML page:      https://secwatch.observer/filing/0001070235-23-000083

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