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Feb 28, 2022
BlackBerry Q4 2022 Earnings Report
Reported a record quarter for design-related revenue for IoT, sequential and year-over-year billings growth for Cybersecurity, and positive operating cash flow and net profit.
Key Takeaways
BlackBerry Limited reported Q4 Fiscal Year 2022 results, with total company revenue of $185 million. The IoT business recorded its first $50m-plus revenue quarter since the start of the pandemic. The company secured a number of Proof-of-Concept trials for its BlackBerry IVY edge-to-cloud data platform.
Total company revenue was $185 million.
IoT revenue was $52 million, with gross margin of 85% and ARR of $93 million, an 11% increase year-over-year.
Cybersecurity revenue was $122 million, with gross margin of 61% and ARR of $347 million.
Licensing & Other revenue was $11 million, with gross margin of 55%.
BlackBerry
BlackBerry
Forward Guidance
BlackBerry will provide fiscal year 2023 outlook in connection with the quarterly earnings announcement on its earnings conference call.