NYSE$BB

BlackBerry Limited · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered sequential billings and revenue growth, beating revenue expectations for both IoT and Cybersecurity business units.

BlackBerry reported solid sequential billings and revenue growth for both the IoT and Cybersecurity businesses, beating expectations for the second consecutive quarter. The company also beat expectations on earnings, despite ongoing investment to drive future top line growth.

  • Total company revenue of $184 million.
  • IoT revenue of $43 million.
  • Cybersecurity revenue of $128 million.
  • Licensing & Other revenue of $13 million.
  • Non-GAAP breakeven earnings per basic and diluted share; Basic GAAP profit per share of $0.13 and diluted GAAP loss per share of $0.05.

Headline financials

Total Revenue

$184M

Previous: $218M-15.6%
EPS (adj)

$0.12

Previous: $0.02+485.5%
Capital Expenditures

-$6M

Previous: -$5M-20.0%
Free Cash Flow

$68M

Previous: -$135M+150.4%
Net Income

$74M

Previous: -$130M+156.9%
Operating Income

$51M

Previous: -$127M+140.2%
Gross Profit

$117M

Previous: $149M-21.5%
Cash & Equivalents

$271M

Previous: $223M+21.5%
Total Assets

$2.6B

Previous: $2.87B-9.4%
Stock-Based Comp

$8M

Previous: $11M-27.3%

Revenue & EPS history

BlackBerry · Revenue · Quarterly

$184M

Q3 2022-15.6%vs Q3 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

BlackBerry · $153M total across 3 segments · Q1 2027

  • Secure Communications
    $73.6M
  • QNX
    $72.3M
  • Licensing
    $7M

Forward guidance

BlackBerry will provide fourth fiscal quarter 2022 outlook in connection with the quarterly earnings announcement on its earnings conference call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.6%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+1.2%

Avg return

30 days after

49%

33 / 67 earnings

Positive

+22.6%

Q3 2025

Best reaction

-28.9%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+3.7%+12.5%+80.5%
Q3 2026-14.0%-7.9%-10.4%
Q2 2026+8.2%+14.3%+11.9%
Q1 2026-0.7%-4.7%-10.1%
Q4 2025-9.1%-20.6%-6.4%
Q3 2025+22.6%+31.6%+32.6%
Q2 2025+5.4%+1.7%+0.0%
Q1 2025+9.4%+8.0%+10.7%
Q4 2024+2.9%+2.9%+4.6%
Q3 2024-15.0%-15.2%-18.5%
Q2 2024-3.7%-11.0%-30.3%
Q1 2024+6.1%+3.8%-5.9%
Q4 2023+14.6%+16.6%-1.8%
Q3 2023-8.8%-17.3%+0.2%
Q2 2023+0.4%-5.4%-8.9%
Q1 2023+8.1%+7.9%+11.5%
Q4 2022-11.1%-6.3%-24.6%
Q3 2022+6.0%+6.8%+0.1%
Q2 2022+13.1%+8.2%+16.5%
Q1 2022-7.8%-6.8%-22.5%
Q4 2021-8.4%-6.5%-1.5%
Q3 2021-15.7%-12.7%+19.4%
Q2 2021-0.6%-3.5%+6.7%
Q1 2021-4.9%-5.9%-8.8%
Q4 2020-14.1%-17.6%+9.5%
Q3 2020+11.4%+9.5%+15.8%
Q2 2020-25.8%-30.0%-31.2%
Q1 2020-11.0%-9.8%-11.1%
Q4 2019+8.3%+7.9%+3.5%
Q3 2019-6.0%-7.9%+6.9%
Q2 2019+6.3%+3.6%-12.1%
Q1 2019-14.4%-17.1%-12.1%
Q4 2018-7.3%-13.5%-15.7%
Q3 2018+8.6%+6.7%+22.4%
Q2 2018+21.1%+20.5%+15.8%
Q1 2018-7.1%-7.5%-9.2%
Q4 2017+12.2%+14.0%+34.4%
Q3 2017-5.3%-8.9%-7.9%
Q2 2017+0.8%-0.4%-10.0%
Q1 2017-1.0%-3.9%+2.1%
Q4 2016-10.0%
Q3 2016+11.8%
Q2 2016-10.4%
Q1 2016-4.0%
Q4 2015-5.4%
Q2 2015+4.4%
Q3 2015+6.1%
Q1 2015+18.3%
Q4 2014-10.7%
Q2 2014+0.1%
Q3 2014+19.5%
Q1 2014-28.9%
Q4 2013+3.7%
Q3 2013-24.9%
Q2 2013+10.1%
Q1 2013-0.3%
Q4 2012+2.1%
Q3 2012+6.9%
Q2 2012-5.0%
Q1 2012+2.9%
Q4 2011-0.9%
Q3 2011-1.3%
Q2 2011-2.9%
Q1 2011-9.6%
Q4 2008+3.4%
Q4 2009+3.4%
Q4 2010+3.4%

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