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#BlackBerry September 22 , 2021 FOR IMMEDIATE RELEASE BlackBerry Reports Second Quarter Fiscal Year 2022 Results Revenue exceeds expectations and Company adds deep cybersecurity industry experience to drive growth • Total company revenue of $ 175 million . • IoT revenue of $ 40 million . • Cyber Security revenue of $ 120 million . • Licensing & Other revenue of $ 15 million . • Positive operating cash flow of $ 12 million . Non - GAAP loss per basic and diluted share of $ 0.06 ; GAAP loss per basic and diluted share of $ 0.25 . A non - cash accounting adjustment to the fair value of the convertible debentures , as a result of market and trading conditions , accounts for approximately $ 0.12 of GAAP loss per share . Waterloo , Ontario - BlackBerry Limited ( NYSE : BB ; TSX : BB ) today reported financial results for the three months ended August 31 , 2021 ( all figures in U.S. dollars and U.S. GAAP , except where otherwise indicated ) . " Revenue for all businesses beat expectations this quarter . The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures , " said John Chen , Executive Chairman & CEO , BlackBerry . " We are already seeing benefits from establishing the two key business units and are delighted to appoint John Giamatteo as President of Cyber Security . Giamatteo , who was previously President and Chief Revenue Officer at McAfee , adds leading industry expertise . In IoT , design activity for our QNX products remains very strong , demonstrating both our industry leadership position and secular trends , such as ECU consolidation . In Cyber Security we received strong third - party validation of the effectiveness of our Al - driven , prevention - first suite of products , illustrating progress made with recent product launches . " Second Quarter Fiscal 2022 Financial Highlights • Total company revenue for the second quarter of fiscal 2022 was $ 175 million . • Total • company non - GAAP gross margin was 65 % and GAAP gross margin was 64 % . IoT revenue for the second quarter of fiscal 2022 was $ 40 million , with gross margin of 83 % and ARR of $ 89 million .