secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBERRY Ltd (BB)
CIK:        0001070235
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001070235-24-000092
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackBerry Q1 beats revenue guidance; IoT +18% YoY; Cybersecurity ARR up seq
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- Total revenue $144M; IoT $53M (+18% YoY), Cybersecurity $85M; both exceeded guidance.
- Non-GAAP operating loss $12M; GAAP loss $0.07 EPS; Adjusted EBITDA -$7M.
- Cybersecurity ARR $285M (+2% sequentially); DBNRR 87% (up for 3rd straight quarter).
- FY2025 guidance: revenue $586-616M; IoT $220-235M; Cybersecurity $350-365M.
- CEO: On track for non-GAAP profitability and positive cash flow in Q4 FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000092/0001070235-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000092/bbry-20240626.htm
  HTML page:      https://secwatch.observer/filing/0001070235-24-000092

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