๐น Revenue: $129.6M (Est. $120.06M) ๐ข; UP +3% YoY
๐น Adj. EPS $0.04 (Est. $0.01) ๐ข
๐น Adj EBITDA: $25.9M (20% margin); above guidance
FY Guidance:
๐น Revenue: $519โ541M (Est. $519.7M) ๐ข
๐น EPS (Non-GAAP): $0.11โ0.15 (Est. $0.09) ๐ข
๐น Adjusted EBITDA: $82โ101M
๐น Operating Cash Flow: $35โ40M
Q3 Guidance:
๐น Revenue: $132โ140M
๐น Non-GAAP EPS: $0.02โ0.04
๐น Adjusted EBITDA: $20โ28M
๐น Operating Cash Flow: $10โ20M
Q2 Segment Results:
QNX:
๐น Revenue: $63.1M; UP +15% YoY
๐น Adjusted EBITDA: $20.5M (32% margin); beat guidance
๐น Adjusted Gross Margin: 83% (flat YoY)
Secure Communications:
๐น Revenue: $59.9M; DOWN -10% YoY
๐น Adjusted EBITDA: $9.7M; beat guidance
๐น Adjusted Gross Margin: 66% (+5pp YoY)
๐น ARR: $213M; DBNRR 93% (flat YoY, +1pp QoQ)
Licensing:
๐น Revenue: $6.6M
๐น Adjusted EBITDA: $5.6M
Other Metrics:
๐น Operating Cash Flow: +$3.4M
๐น Total Gross Margin: 75% (+4pp YoY)
๐น Cash & Investments: $363.5M (down $18.4M QoQ)
๐น Returned $20M to shareholders via 5M share repurchase
CEO Commentary:
๐ธ โBlackBerry delivered year-over-year revenue growth and expanded gross margins while reducing operating expenses. This combination ensured strong profitability in the second quarter, beating expectations and achieving a second consecutive quarter of GAAP profitability.โ
๐ธ โOur QNX division recorded a โrule of 40โ quarter and progress across all our key growth initiatives.โ
๐ธ โOur Secure Communications division exceeded expectations at both the top and bottom line, and delivered improvements in its key metrics.โ