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Aug 31, 2021
BlackBerry Q2 2022 Earnings Report
Revenue exceeded expectations, and the company added cybersecurity industry experience to drive growth.
Key Takeaways
BlackBerry reported total company revenue of $175 million, with IoT revenue of $40 million and Cyber Security revenue of $120 million. The company achieved positive operating cash flow of $12 million.
Total company revenue was $175 million.
IoT revenue was $40 million with gross margin of 83% and ARR of $89 million.
Cyber Security revenue was $120 million with gross margin of 59% and ARR of $364 million.
Licensing & Other revenue was $15 million as negotiations for the sale of a portion of the patent portfolio continue.
Forward Guidance
BlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earnings conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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