•
Aug 31, 2023

BlackBerry Q2 2024 Earnings Report

BlackBerry's financial performance was reported for Q2 2024, with revenue of $132 million and non-GAAP EPS exceeding expectations.

Key Takeaways

BlackBerry reported a total company revenue of $132 million, with IoT revenue at $49 million and Cybersecurity revenue at $79 million. The company's non-GAAP basic loss per share was $0.04, while GAAP basic loss per share was $0.07.

Total company revenue reached $132 million.

IoT revenue was $49 million, demonstrating a 9% sequential increase.

Cybersecurity revenue amounted to $79 million.

Non-GAAP basic loss per share was $0.04, and GAAP basic loss per share was $0.07.

Total Revenue
$132M
Previous year: $168M
-21.4%
EPS
-$0.04
Previous year: -$0.05
-20.0%
Gross Profit
$85M
Previous year: $106M
-19.8%
Cash and Equivalents
$415M
Previous year: $431M
-3.7%
Free Cash Flow
-$57M
Previous year: -$27M
+111.1%
Total Assets
$1.61B
Previous year: $2.38B
-32.3%

BlackBerry

BlackBerry

Forward Guidance

BlackBerry will discuss its outlook in connection with the quarterly earnings announcement further on its earnings conference call.