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.