BlackBerry Q4 revenue $173M; IoT record $66M; FY25 EBITDA guidance breakeven to positive

BLACKBERRY Ltd

2024-FY EPS reported -$0.22 revenue$853,000,000

IoT division Q4 revenue $66M, up 25% YoY, record quarterly; QNX royalty backlog $815M (+27% YoY).
Cybersecurity ARR $280M, up 3% sequentially; revenue $92M (+5% YoY); gross margin 65%.
Non-GAAP EPS $0.03 beat vs. expectations; GAAP loss per share $0.10; adjusted EBITDA $21M.
Cash used in operations $15M, down 52% sequentially; total cash $298M after convertible note issuance.
FY25 guided revenue $586-616M; adjusted EBITDA breakeven to +$10M; Q1 revenue $130-138M.

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 0.95

BLACKBERRY Ltd reported financial results for the three months and fiscal year ended February 29, 2024.

Period: the three months and fiscal year ended February 29, 2024
Result: reported results

Exact text from the filing

On April 3, 2024, BlackBerry Limited (“BlackBerry”) issued a press release announcing its financial results for the quarter and year ended February 29, 2024.

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Source: SEC EDGAR

accession 0001070235-24-000053

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