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Nov 30, 2022
BlackBerry Q3 2023 Earnings Report
BlackBerry's revenue and earnings exceeded expectations, with strong year-over-year revenue growth in the IoT business unit.
Key Takeaways
BlackBerry reported a total company revenue of $169 million for Q3 2023. The IoT business showed strong momentum, while the Cybersecurity business continued its rebuilding phase. The company's GAAP basic loss per share was $0.01, and non-GAAP basic loss per share was $0.05.
Total company revenue was $169 million.
IoT revenue increased by 19% year-over-year to $51 million.
Cybersecurity revenue was $106 million, with ARR of $313 million.
GAAP operating loss was $2 million.
Forward Guidance
BlackBerry will discuss its 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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