BlackBerry Limited (NYSE:BB) Q1 2025 Earnings Call Transcript June 26, 2024 5:30 AM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Luke Junk - Baird Paul Treiber - RBC Capital Markets Todd Copeland - CIBC Kingsley Crane - Canaccord Genuity Operator Good afternoon, and welcome to the BlackBerry First Quarter Fiscal Year 2025 Results Conference call. My name is Carl and I'll be your conference moderator for today' ...

Exhibit 99.1 June 26, 2024 FOR IMMEDIATE RELEASE BlackBerry Reports First Quarter Fiscal Year 2025 Results • Exceeds quarterly revenue guidance for both IoT and Cybersecurity divisions • IoT achieves 18% year over year revenue growth in the quarter • Delivers sequential improvement in key Cybersecurity ARR and DBNRR metrics • Exceeds guidance for adjusted EBITDA and non-GAAP earnings per share • Makes significant progress in operational separation of IoT and Cybersecurity businesses Waterloo, Ontario - Blac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38232 ______________________________________________________ BlackBerry Limited (Exact name of registrant as specified ...

BlackBerry Limited (NYSE:BB) Q4 2024 Earnings Conference Call April 3, 2023 5:30 PM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Mike Walkley - Canaccord Genuity William Kerwin - Morningstar Paul Treiber - RBC Capital Markets Operator Good afternoon, and welcome to the BlackBerry Fourth Quarter and Full Fiscal Year 2024 Results Conference Call. My name is MJ, and I'll be your conference moderator for today's c ...

IoT Division Performance - IoT division achieved record quarterly revenue of $66 million, a 25% year-over-year increase, with a gross margin of 85%[3] - IoT segment revenue grew from $53 million in February 2023 to $66 million in February 2024, an increase of 24.5%[22] - IoT segment gross margin improved from 81% in February 2023 to 85% in February 2024[22] - BlackBerry launched QNX® Software Development Platform 8.0 and QNX® Sound, targeting next-generation automotive and IoT systems[5] - QNX royalty backlog grew 27% year-over-year to $815 million[2] - QNX Royalty Backlog totaled $815 million for the three months ended February 29, 2024[42] Cybersecurity Division Performance - Cybersecurity division revenue increased by 5% year-over-year to $92 million, with ARR growing 3% sequentially to $280 million[3] - Cybersecurity segment revenue increased from $88 million in February 2023 to $92 million in February 2024, a growth of 4.5%[22] - Cybersecurity segment gross margin increased from 59% in February 2023 to 65% in February 2024[22] - Cybersecurity Annual Recurring Revenue (ARR) reached $280 million for the three months ended February 29, 2024[42] - Cybersecurity Dollar-Based Net Retention Rate (DBNRR) stood at 85% for the three months ended February 29, 2024[42] - Cybersecurity Total Contract Value (TCV) billings amounted to $91 million for the three months ended February 29, 2024[42] Financial Performance Overview - Total company revenue for Q4 was $173 million, with non-GAAP and GAAP gross margin increasing to 75%[3] - Adjusted EBITDA for Q4 was $21 million, with cash used by operations decreasing by 52% sequentially to $15 million[3] - Full-year revenue for FY24 was $853 million, including $218 million from the sale of a legacy patent portfolio in Q1[4] - BlackBerry expects FY25 revenue to be between $586 million and $616 million, with IoT revenue projected at $220-$235 million and Cybersecurity revenue at $350-$365 million[7] - Cash and cash equivalents decreased from $295 million in February 2023 to $175 million in February 2024, a decline of 40.7%[19] - Net loss improved from $734 million in February 2023 to $130 million in February 2024, a reduction of 82.3%[21] - Total segment gross margin improved from 67% in February 2023 to 75% in February 2024[22] - Total assets decreased from $1,679 million in February 2023 to $1,395 million in February 2024, a decline of 16.9%[19] - Gross margin for the three months ended February 29, 2024, was $129 million, compared to $100 million in the same period last year, with a gross margin percentage of 74.6%, up from 66.2%[27] - Adjusted operating expense for the three months ended February 29, 2024, was $113 million, down from $118 million in the same period last year[28] - Net loss for the three months ended February 29, 2024, was $56 million, compared to a net loss of $495 million in the same period last year, with adjusted net income of $16 million[29] - Research and development expense for the three months ended February 29, 2024, was $40 million, down from $48 million in the same period last year, with adjusted R&D expense of $38 million[30] - Adjusted EBITDA for the three months ended February 29, 2024, was $(12) million, compared to $(17) million in the same period last year, with an adjusted EBITDA margin of 12%[31] - Gross margin for the fiscal year ended February 29, 2024, was $520 million, compared to $419 million in the previous fiscal year, with a gross margin percentage of 61.0%, down from 63.9%[33] - Adjusted operating expense for the fiscal year ended February 29, 2024, was $487 million, down from $516 million in the previous fiscal year[34] - Net loss for the fiscal year ended February 29, 2024, was $130 million, compared to a net loss of $734 million in the previous fiscal year, with adjusted net income of $31 million[35] - Adjusted EBITDA for the fiscal year ended February 29, 2024, was $57 million, compared to $(71) million in the previous fiscal year, with an adjusted EBITDA margin of 7%[37] - Free cash usage for the fiscal year ended February 29, 2024, was $10 million, compared to $270 million in the previous fiscal year[40] Licensing and Other Segment Performance - Licensing and Other segment revenue rose from $10 million in February 2023 to $15 million in February 2024, a 50% increase[22] - Licensing and Other segment gross margin rose from 60% in February 2023 to 87% in February 2024[22] Corporate and Strategic Developments - The company completed a $200 million convertible notes offering and repaid $150 million of short-term debentures[5] - BlackBerry appointed Philip Brace, an IoT industry veteran, to its Board of Directors[5] - Recurring Software Product Revenue Percentage was approximately 90% for the three months ended February 29, 2024[42]

BlackBerry Limited (NYSE:BB) Baird's 2024 Vehicle Technology and Mobility Conference - Virtual February 29, 2024 1:05 PM ET Company Participants John Wall - Senior Vice President and Head, QNX Tim Foote - Vice President, Investor Relations and Chief Financial Officer, Cybersecurity Conference Call Participants Luke Junk - Baird Luke Junk Okay. We'll go ahead and kick it off here. I'm Luke Junk, I cover Vehicle Technology and Mobility for Baird. We're very pleased to have BlackBerry with us today. We'll be f ...

BlackBerry Limited (NYSE:BB) Q3 2024 Earnings Conference Call December 20, 2023 5:30 PM ET Company Participants Tim Foote - Vice President, Investor Relations John Giamatteo - Chief Executive Officer Steve Rai - Chief Financial Officer Conference Call Participants Michael Walkley - Canaccord Genuity Paul Treiber - RBC Capital Markets Luke Junk - Baird Trip Chowdhry - Global Equities Research Todd Copeland - CIBC Daniel Chan - TD Cowen Operator Good afternoon, and welcome to the BlackBerry Third Quarter Fisc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38232 ______________________________________________________ BlackBerry Limited (Exact name of registrant as sp ...

BlackBerry Limited (NYSE:BB) Q2 2024 Earnings Conference Call September 28, 2023 5:30 PM ET Company Participants Tim Foote - Vice President, Investor Relations John Chen - Executive Chairman and Chief Executive Officer Steve Rai - Chief Financial Officer Conference Call Participants Michael Walkley - Canaccord Genuity Luke Junk - Baird Trip Chowdhry - Global Equities Research Paul Treiber - RBC Capital Markets Daniel Chan - TD Cowen Operator Good afternoon and welcome to the BlackBerry Second Quarter Fiscal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38232 ______________________________________________________ BlackBerry Limited (Exact name of registrant as spec ...