BB - BlackBerry Non-GAAP EPS of -$0.02 beats by $0.05 revenue of $151M in-line

March, 30 2023 05:12 PM BlackBerry Limited

2023-03-30 17:12:12 ET

BlackBerry press release ( NYSE: BB ): Q4 Non-GAAP EPS of -$0.02 beats by $0.05 .
Revenue of $151M (-18.4% Y/Y) in-line.
Total company GAAP gross margin was 66% and non-GAAP gross margin was 67%.
IoT revenue was $53 million, with gross margin of 81% and QNX royalty backlog of approximately $640 million.
Cybersecurity revenue was $88 million, with gross margin of 59% and ARR of $298 million.
Cybersecurity billings were $107 million.
Software and Services revenue in total was $141 million.
Licensing and Other revenue was $10 million, with gross margin of 60%.
Non-GAAP operating loss was $17 million. GAAP operating loss was $499 million, primarily due to a $476 million non-cash, goodwill and long-lived asset impairment charge.
Total cash, cash equivalents, short-term and long-term investments were $487 million
Announced new patent sale transaction with Malikie Innovations Limited, a subsidiary of leading patent monetization company, Key Patent Innovations Limited, for up to $900 million. The transaction is not subject to any financing conditions, and KPI has secured all necessary funding from a leading US-based investment firm.
2023 Outlook: Total company revenue of $656 million.
Non-GAAP basic loss per share of $0.18, GAAP basic loss per share of $1.27 and GAAP diluted loss per share of $1.35.
Shares -2.5% AH.

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