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BlackBerry (BB)
NYSE:BB
Earnings Data
Report Date
Apr 02, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 02, 2025
|% Change Since: -9.12%
|Next Earnings Date:Jun 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook for BlackBerry, with strong financial performance, successful strategic maneuvers like the Cylance transaction, and significant cost reductions. However, challenges in the automotive sector due to tariffs and a slight decline in Secure Communications revenue and retention rates were noted. Overall, the highlights significantly outweighed the lowlights.Company Guidance
During the BlackBerry Fourth Quarter and Fiscal Year 2025 Results Conference Call, the company provided detailed guidance and insights into its financial performance metrics. Total company revenue exceeded expectations, reaching $141.7 million, with the QNX division contributing $65.8 million, Secure Communications $67.3 million, and Licensing $8.6 million. BlackBerry reported adjusted EBITDA of $21.1 million and exceeded EPS guidance with $0.03 for Q4 and $0.02 for the full fiscal year 2025. Cash and investments increased by $144 million, driven by $42 million in operating cash flow and $80 million from the sale of Cylance. Looking ahead to fiscal year 2026, BlackBerry expects QNX revenue to range between $250 million and $270 million, Secure Communications between $230 million and $240 million, and Licensing division revenue to be approximately $6 million per quarter. The company anticipates positive operating cash flow around $35 million for the full fiscal year.Revenue and Profitability Beat Expectations
Total company revenue beat the top-end of guidance at $141.7 million, with QNX division revenue at $65.8 million, Secure Communications at $67.3 million, and Licensing at $8.6 million. Adjusted EBITDA was $21.1 million, with EPS beating expectations at $0.03 and $0.02 for Q4 and the full fiscal year, respectively.
Strong Cash Position
Total cash and investments increased by $144 million, driven by a significant increase in operating cash flow to $42 million and the collection of the initial tranche of cash from the Cylance deal of approximately $80 million.
QNX's Growth and Strategic Wins
QNX's royalty backlog grew to approximately $865 million, demonstrating the addition of future expected royalty revenue. The division secured design wins with leading OEMs and Tier 1 suppliers, particularly in automotive, ADAS, and cockpit domain controllers.
Successful Cylance Transaction
Closed the Cylance transaction with Arctic Wolf, receiving approximately $80 million in cash and 5.5 million common shares, retaining AI/ML endpoint security patents, and expecting a significant tax shield for future profits.
Cost Reduction Achievements
Exceeded the target of removing approximately $150 million of costs from the run rate, significantly transforming profitability with total company adjusted EBITDA at $39.3 million for the year.
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BB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 02, 2025 | $3.73 | $3.39 | -9.12% |
| Dec 19, 2024 | $2.98 | $3.69 | +23.83% |
| Sep 26, 2024 | $2.54 | $2.52 | -0.79% |
| Jun 26, 2024 | $2.21 | $2.45 | +10.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BlackBerry (BB) report earnings?
BlackBerry (BB) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is BlackBerry (BB) earnings time?
BlackBerry (BB) earnings time is at Apr 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BB EPS forecast?
BB EPS forecast for the fiscal quarter 2025 (Q4) is <0.01.
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