secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBERRY Ltd (BB)
CIK:        0001070235
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001070235-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000053/0001070235-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000053/bbry-20240403.htm
  HTML page:      https://secwatch.observer/filing/0001070235-24-000053

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