BlackBerry Limited (BB) Q4 2024 Earnings Report

Key Financial Metrics:
- Total Revenue: $173 million, up 5.08% YoY.
- Operating Income: $2.97 million
- Net Income: -$55.4 million, representing a net margin of -32.37%.
- EPS (Diluted): -$0.0944.
- Gross Profit Margin: 75% (+13% YoY).

Quarterly Comparisons:
- YoY Growth: Revenue increased by 5.08% from Q4 2023.
- Recurring Revenue Rate: Approximately 90%, indicating stability in cash flows.
- Cash at the End of Period: $174.76 million, consistent with a prudent cash strategy.

Management noted improvements such as a 27% YoY growth in the QNX royalty backlog and a stabilization of Annual Recurring Revenue (ARR) in Cybersecurity, which grew by 3% sequentially to reach $280 million. These metrics reflect the company's strategic pivot towards enhancing operational efficiency and cash flow management, contributing positively to the financial health.