earnings
confidence high
sentiment positive
materiality 0.75
BlackBerry Q3 FY2024: Revenue $175M, Non-GAAP EPS $0.01 beat; CEO appointment and division separation plan
BLACKBERRY Ltd
2024-Q3 EPS reported
-$0.13
revenue$680,000,000
- Total revenue $175M; IoT $55M (+12% seq, +8% YoY); Cybersecurity $114M (+44% seq, +8% YoY).
- Non-GAAP EPS $0.01 (beat); GAAP loss per share $0.04; Non-GAAP operating profit $13M.
- CEO John Giamatteo appointed; process to separate IoT and Cybersecurity divisions, rightsizing cost structure.
- Partially extended convertible debentures: repaid $365M of 2020 notes, issued $150M short-term debentures.
- Q4 FY2024 guidance: total revenue $150-159M, IoT $62-66M, Cyber $83-88M, Licensing ~$5M.