secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBERRY Ltd (BB)
CIK:        0001070235
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001070235-24-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackBerry Q2 FY25 beats: breakeven adjusted EBITDA; IoT & Cyber revenue up 12% and 10% YoY
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- Total revenue $145M; GAAP net loss improved 55% YoY to $19M ($0.03 loss per share).
- IoT revenue $55M (+12% YoY; 82% gross margin); Cybersecurity $87M (+10% YoY; 55% gross margin).
- Adjusted EBITDA breakeven; non-GAAP EPS breakeven; operating cash usage improved $43M YoY to $13M.
- Cybersecurity ARR flat at $279M; DBNRR up 7pp YoY to 88%.
- Raised low end of FY25 IoT revenue guidance to $225-235M; Q3 total revenue guided $146-154M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000121/0001070235-24-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070235/000107023524000121/bbry-20240926.htm
  HTML page:      https://secwatch.observer/filing/0001070235-24-000121

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