BlackBerry Q1 FY2024: non-GAAP EPS $0.06 beats; revenue $373M includes $218M patent sale

BLACKBERRY Ltd

2024-Q1 EPS reported -$0.02 revenue$373,000,000

Total revenue $373M; IoT $45M, Cybersecurity $93M, Licensing $235M (incl. $218M patent sale).
Non-GAAP EPS $0.06 beats expectations; GAAP basic loss per share $0.02.
Cybersecurity billings $122M, up 14% QoQ and 37% YoY; ARR $289M.
Cash, equivalents and investments up $91M to $578M; first $170M patent-sale instalment received.
IoT revenue impacted by program delays; management reaffirms full-year consensus for both IoT and Cybersecurity.

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 first quarter fiscal year 2024 results: revenue $373 million, EPS GAAP basic loss per share of $0.02.

Period: first quarter fiscal year 2024
Revenue: $373 million
EPS: GAAP basic loss per share of $0.02
Result: reported results

Exact text from the filing

First Quarter Fiscal 2024: • Total company revenue of $373 million. • IoT revenue of $45 million. • Cybersecurity revenue of $93 million. • Licensing & Other revenue of $235 million. • Non-GAAP basic earnings per share of $0.06 and GAAP basic loss per share of $0.02.

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Source: SEC EDGAR

accession 0001070235-23-000104

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