BlackBerry lifts annual revenue forecast as QNX unit powers growth

Investor summaryBullish

BlackBerry beats Q1 earnings with 26% revenue growth, raises annual forecast, and posts first positive operating cash flow in 9 years.

Bull points

Revenue grew 26% YoY and adjusted EBITDA surged 144%, showing strong operational leverage.
Raised annual revenue forecast driven by strong performance in the QNX and Secure Communications units.
Achieved positive operating cash flow for the first time in nine years, indicating improved financial health.

BB财报季

Post body

Revenue increased 26% year-over-year to approximately $153 million
Adjusted EBITDA grew 144% year-over-year; GAAP operating income increased year-over-year to approximately $15 million
Both QNX and Secure Communications achieved Rule of 401 performance, contributing to BlackBerry's fifth consecutive quarter of positive GAAP net income; Adjusted EPS exceeded expectations
First fiscal quarter of positive operating cash flow in nine years, excluding the patent sale in FY24

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