BlackBerry Limited Earnings Calls

Q4 2024 Beat
$0.0200 (300.00%)
Release date Dec 19, 2024
EPS estimate -$0.0100
EPS actual $0.0200
EPS Surprise 300.00%
Revenue estimate 137.262M
Revenue actual 143M
Revenue Surprise 4.18%
Q3 2024 Missed
-$0.0100 (-100.00%)
Release date Sep 26, 2024
EPS estimate -$0.0050
EPS actual -$0.0100
EPS Surprise -100.00%
Revenue estimate 191.82M
Revenue actual 145M
Revenue Surprise -24.41%
Q2 2024 Missed
-$0.0300 (-29.42%)
Release date Jun 26, 2024
EPS estimate -$0.0232
EPS actual -$0.0300
EPS Surprise -29.42%
Revenue estimate 134.05M
Revenue actual 143.956M
Revenue Surprise 7.39%
Q1 2024 Beat
$0.0300 (193.83%)
Release date Apr 03, 2024
EPS estimate $0.0102
EPS actual $0.0300
EPS Surprise 193.83%
Revenue estimate 154.59M
Revenue actual 171.286M
Revenue Surprise 10.80%

Last 4 Quarters for BlackBerry Limited

Below you can see how BB performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date Apr 03, 2024
Fiscal end date Feb 29, 2024
Price on release $2.81
EPS estimate $0.0102
EPS actual $0.0300
EPS surprise 193.83%
Date Price
Mar 27, 2024 $2.75
Mar 28, 2024 $2.76
Apr 01, 2024 $2.70
Apr 02, 2024 $2.80
Apr 03, 2024 $2.81
Apr 04, 2024 $2.88
Apr 05, 2024 $2.82
Apr 08, 2024 $2.88
Apr 09, 2024 $3.10
4 days before 2.18%
4 days after 10.32%
On release day 2.49%
Change in period 12.73%
Q2 2024 Missed
Release date Jun 26, 2024
Fiscal end date May 31, 2024
Price on release $2.21
EPS estimate -$0.0232
EPS actual -$0.0300
EPS surprise -29.42%
Date Price
Jun 20, 2024 $2.32
Jun 21, 2024 $2.30
Jun 24, 2024 $2.26
Jun 25, 2024 $2.24
Jun 26, 2024 $2.21
Jun 27, 2024 $2.45
Jun 28, 2024 $2.48
Jul 01, 2024 $2.42
Jul 02, 2024 $2.45
4 days before -4.74%
4 days after 10.86%
On release day 10.86%
Change in period 5.60%
Q3 2024 Missed
Release date Sep 26, 2024
Fiscal end date Aug 31, 2024
Price on release $2.54
EPS estimate -$0.0050
EPS actual -$0.0100
EPS surprise -100.00%
Date Price
Sep 20, 2024 $2.38
Sep 23, 2024 $2.44
Sep 24, 2024 $2.45
Sep 25, 2024 $2.39
Sep 26, 2024 $2.54
Sep 27, 2024 $2.52
Sep 30, 2024 $2.62
Oct 01, 2024 $2.43
Oct 02, 2024 $2.43
4 days before 6.72%
4 days after -4.33%
On release day -0.787%
Change in period 2.10%
Q4 2024 Beat
Release date Dec 19, 2024
Fiscal end date Nov 30, 2024
Price on release $2.98
EPS estimate -$0.0100
EPS actual $0.0200
EPS surprise 300.00%
Date Price
Dec 13, 2024 $2.70
Dec 16, 2024 $3.08
Dec 17, 2024 $3.20
Dec 18, 2024 $3.01
Dec 19, 2024 $2.98
Dec 20, 2024 $3.69
Dec 23, 2024 $3.79
Dec 24, 2024 $3.96
Dec 26, 2024 $3.95
4 days before 10.58%
4 days after 32.55%
On release day 23.83%
Change in period 46.57%

BlackBerry Limited Earnings Call Transcript Summary of Q4 2024

  • Financial Performance:
    • Total Revenue: $173 million for the quarter, driven by strong performances in IoT ($66 million) and Cybersecurity ($92 million).
    • Earnings per Share (EPS): Non-GAAP EPS was $0.03, exceeding expectations.
    • Operating Cash Flow: Halved operating cash usage to $15 million sequentially, showing improvements in cash management.
    • Cost Reductions: Achieved $105 million in cost savings through restructuring, with plans for further savings.
  • IoT Business Update:
    • Record Revenue: Achieved the best ever quarterly revenue and highest royalty backlog of approximately $815 million (27% YoY growth).
    • Design Wins: Continued to secure design wins, including notable contracts with automotive and medical sectors.
    • Challenges Ahead: Anticipated a relatively quiet Q1 for new development due to delays in the automotive software development landscape, while expecting a revenue range of $48 million to $52 million in Q1, reflecting approximately 11% YoY growth at midpoint.
  • Cybersecurity Division Update:
    • Solid Year-over-Year Growth: Revenue increased by 5% YoY, bolstered by improved ARR, which stabilized and grew slightly to $280 million.
    • Dual Focus Driving Growth: Emphasis on the CylanceGUARD managed service offering and securing new logos. Renewal rates for key products were the highest seen in the past four years.
    • Outlook for Q1: Expected revenue between $78 million and $82 million, with a full-year revenue forecast of $350 million to $365 million.
  • Strategic Initiatives:
    • Divisional Strategy Execution: Progressing towards establishing two standalone profitable divisions (IoT and Cybersecurity), aiming for greater operational efficiency and clearer financial reporting.
    • Focus on Cost Management: Continued focus on restructuring for operational efficiencies, with specific attention to IT support systems and corporate legal entity structures.
  • Long-Term Outlook:
    • Positive Financial Position: Forecasting a cash flow positive and positive EBITDA year (FY2025) with continued efforts on cost reduction and revenue growth strategies.
    • Sector Growth Potential: CEO highlighted opportunities for growth in both the IoT sector (specifically in software-defined vehicles) and the cybersecurity market as customer needs evolve.

Conclusion:

Overall, BlackBerry's Q4 results indicate a solid performance relative to expectations, with strong tailwinds from its IoT business, improving ARR in cybersecurity, and meaningful cost-saving initiatives driving overall profitability goals. Investors should be aware of the near-term challenges in the automotive software market but can remain optimistic about the company's long-term strategy and operational focus.

BlackBerry Limited Earnings History

Earnings Calendar

FAQ

When is the earnings report for BB?
BlackBerry Limited (BB) has scheduled its earnings report for Apr 02, 2025 before the markets open.

What is the BB price-to-earnings (P/E) ratio?
BB P/E ratio as of Feb 14, 2025 (TTM) is -27.00.

What is the BB EPS forecast?
The forecasted EPS (Earnings Per Share) for BlackBerry Limited (BB) for the first fiscal quarter 2025 is $0.0200.

What are BlackBerry Limited's retained earnings?
On its balance sheet, BlackBerry Limited reported retained earnings of $143.00 million for the latest quarter ending Nov 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT BLACKBERRY LIMITED
BlackBerry Limited
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility i...
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