My handle describes the words needed for this lame guidanceRemember, there is a sea change going on in vehicles, there are many in other areas of the global economy, yet this is the best the guy in charge can do, the guy who says he hasn't spoken the the BoD about a contract extension... the only thing he wants is more cream on his slice of the pie... brutal guidance, terrible that he hasn't found a replacement for his under performing ss
ass
Sure, it's an improvement, but, a projection after all and one that assumes the chef exit office r will not demolish another sales president before it is all said and done in 2026... also they now want to change the narrative by talking about percentage increases, in a growing segment in basis points, like Mortgage Rates... single digit, small single digit.
Vote jaune chien from the executive BoD chair in 5 weeks.
Basis Points, the Kink of BlackBerry will have stripper poles at the next investor conference.
Sad
The company released the following guidance:
| | FY23 Actual | FY24 Outlook | FY26 Target | 3-year
CAGR |
| | $M | $M | $M | % |
| IoT* | 206 | 240 - 250 | 340 - 370 | 18% - 22% |
| Cybersecurity | 418 | 425 - 450 | 540 - 590 | 9% - 12% |
| | | | | |
| Total BlackBerry** | 624 | 665 - 700 | 880 - 960 | 12% - 15% |
| | | | | |
| * Excludes potential revenue from BlackBerry IVY™ | |
| ** Excludes revenue from Licensing & Other for comparability | |
| | | | | | | |
The Company is targeting:
- An average 200+ basis points increase in non-GAAP gross margin per year to FY26.
- To deliver significant improvements in non-GAAP EPS loss and cash flow usage in FY24, and to achieve non-GAAP profitability in Q4 FY24.
- To generate positive full-year non-GAAP EPS and cash flow beginning in FY25.