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Aug 31, 2024
BlackBerry Q2 2025 Earnings Report
Reached breakeven adjusted EBITDA and non-GAAP EPS for the quarter, with revenue growth in IoT and Cybersecurity divisions and improved operating cash usage.
Key Takeaways
BlackBerry reported breakeven adjusted EBITDA and non-GAAP EPS, driven by double-digit revenue growth in both IoT and Cybersecurity divisions and cost structure rationalization. The company's GAAP net loss improved by $23 million year-over-year, and operating cash usage also improved significantly.
Achieved breakeven adjusted EBITDA and non-GAAP EPS for the quarter.
GAAP net loss improved by $23 million, or 55% year-on-year.
Revenue for both IoT and Cybersecurity divisions grew double-digit year-over-year.
Operating cash usage improved by $43 million year-over-year.
BlackBerry
BlackBerry
Forward Guidance
BlackBerry is providing the following guidance for the third quarter (ending November 30, 2024) and the full fiscal year 2025 (ending February 28, 2025).
Positive Outlook
- Total BlackBerry revenue: $146 - $154 million
- IoT revenue: $56 - $60 million
- Cybersecurity revenue: $86 - $90 million
- Licensing & Other revenue: Approximately $4 million
- Adjusted EBITDA: Breakeven - +$10 million
Challenges Ahead
- Non-GAAP basic EPS: ($0.01) - +$0.01
- Total BlackBerry revenue: $591 - $616 million
- IoT revenue: $225 - $235 million
- Cybersecurity revenue: $350 - $365 million
- Licensing & Other revenue: Approximately $16 million
- Non-GAAP basic EPS: ($0.05) - ($0.02)