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Feb 28, 2023
BlackBerry Q4 2023 Earnings Report
BlackBerry reported Q4 2023 results, beating non-GAAP EPS expectations and setting a new record for QNX royalty backlog.
Key Takeaways
BlackBerry's Q4 2023 results showed a total revenue of $151 million, with IoT revenue at $53 million and Cybersecurity revenue at $88 million. The company reported a non-GAAP basic loss per share of $0.02 and a GAAP basic loss per share of $0.85, primarily due to a non-cash goodwill and long-lived asset impairment charge. A new patent sale transaction with Malikie Innovations Limited was announced for up to $900 million.
Total company revenue was $151 million.
IoT revenue was $53 million with a gross margin of 81% and QNX royalty backlog of approximately $640 million.
Cybersecurity revenue was $88 million with a gross margin of 59% and ARR of $298 million.
Announced new patent sale transaction with Malikie Innovations Limited for up to $900 million.
Forward Guidance
BlackBerry will provide fiscal year 2024 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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