BB - What to expect from BlackBerry's Q1 earnings?

BlackBerry (NYSE:BB) is scheduled to announce Q1 earnings results on Thursday, June 23rd, after market close. The consensus EPS Estimate is -$0.06 (-20.0% Y/Y) and the consensus Revenue Estimate is $159.78M (-8.2% Y/Y). BlackBerry (BB) last posted mixed Q4 results, with licensing revenue beating expectation and gross margin rate coming in at 55%. The company said at the time it expects licensing revenue to be minimal in FY2023, excluding anything related to the patent sale. For the cyber business, the company expects to deliver billings growth between 8% to 12% for the year mainly as a result of increased traction from security products. Billings are expected to be higher in each quarter, but revenue for the full year is expected to be roughly flat year-over-year. Looking ahead, BlackBerry said it expects internet of things revenue to be between $200 million and $210 million, despite some headwinds in the auto industry.

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What to expect from BlackBerry's Q1 earnings?