Page 1

FOR IMMEDIATE RELEASE BlackBerry December 21 , 2021 BlackBerry Reports Third Quarter Fiscal Year 2022 Results Delivers sequential billings and revenue growth , beating revenue expectations for both IoT and Cybersecurity business units 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 . Waterloo , Ontario - BlackBerry Limited ( NYSE : BB ; TSX : BB ) today reported financial results for the three months ended November 30 , 2021 ( all figures in U.S. dollars and U.S. GAAP , except where otherwise indicated ) . Third Quarter Fiscal 2022 Financial Highlights " This quarter BlackBerry delivered solid sequential billings and revenue growth for both the IoT and Cybersecurity businesses , beating expectations for the second consecutive quarter . We also beat expectations on earnings , despite the ongoing investment to drive future top line growth , " said John Chen , Executive Chairman & CEO , BlackBerry . " In IoT our QNX business achieved a quarterly record for design - related revenues , performing stronger than expected despite ongoing industry supply chain headwinds . On the Cybersecurity front we saw further traction for our recent unified endpoint security product launches with additional head - to - head wins against other next - gen players . I am excited about how the current organization is executing to take advantage of the market opportunities . " Total company revenue for the third quarter of fiscal 2022 was $ 184 million . Total company non - GAAP and GAAP gross margin was 64 % . IoT revenue for the third quarter of fiscal 2022 was $ 43 million , with gross margin of 81 % and ARR of $ 91 million . Cybersecurity revenue for the third quarter of fiscal 2022 was $ 128 million , with gross margin of 59 % and ARR of $ 358 million . Licensing and Other revenue for the third quarter of fiscal 2022 was $ 13 million , beating expectations . Gross margin was 54 % . Non - GAAP operating loss was $ 24 million . GAAP operating profit was $ 51 million .