BlackBerry prelim Q2 rev $132M; Cybersecurity miss, IoT outlook cut to $225-240M

BLACKBERRY Ltd

2024-Q2 EPS reported -$0.09 revenue$505,000,000

Total preliminary Q2 revenue ~$132M; Cybersecurity $80M (missed on large gov't deal delays).
IoT rev ~$49M (+9% QoQ) but full-year outlook lowered to $225-240M on auto program shifts.
Licensing & Other rev ~$3M; full-year Cybersecurity and Licensing guidance reaffirmed.
Management cites elongated sales cycles in government vertical; expects delayed deals to close this fiscal year.
Final results and conference call scheduled for September 28, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACKBERRY Ltd reported the three months ended August 31, 2023 results: revenue approximately $132 million. Guidance lowered.

Period: the three months ended August 31, 2023
Revenue: approximately $132 million
Guidance: lowered
Result: preliminary results

Exact text from the filing

BlackBerry Reports Preliminary Second Quarter Fiscal Year 2024 Results • Preliminary second quarter fiscal year 2024 revenue for BlackBerry is estimated to be approximately $132 million

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Source: SEC EDGAR

accession 0001070235-23-000126

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