Blackberry breaks even as cybersecurity growth drives revenue beat
BlackBerry Ltd had said it broke even during the second quarter on the back of a jump in cybersecurity and internet of things (IoT) revenue. Adjusted earnings climbed by US$23 million to see the figure break even, BlackBerry said overnight, following a loss in the second quarter of last year.
BlackBerry Limited (BB) Q2 2025 Earnings Call Transcript
BlackBerry Limited (NYSE:BB ) Q2 2025 Earnings Conference Call September 26, 2024 5:00 PM ET Company Participants John Giamatteo - CEO Tim Foote - CFO Conference Call Participants Kingsley Crane - Canaccord Genuity Luke Junk - Baird Paul Treiber - RBC Capital Markets Daniel Chan - TD Cowen Trip Chowdhry - Global Equities Research Steven Li - Raymond James Operator Good day, and welcome to BlackBerry's Second Quarter Fiscal Year 2025 Earnings Call. All participants will be in listen-only mode.
BlackBerry Reports Second Quarter Fiscal Year 2025 Results
Achieves breakeven adjusted EBITDA and non-GAAP EPS for the quarter; GAAP net loss improves by $23 million, or 55% year-on-year to $19 million, and GAAP loss per share improves by $0.04 to $0.03 Operating cash usage beats expectations, improving by $2 million sequentially and $43 million year-over-year Revenue for both IoT and Cybersecurity divisions grows double-digit year-over-year; raises bottom end of full-year guidance range for IoT WATERLOO, ON / ACCESSWIRE / September 26, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended August 31, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry reached a significant milestone on our path to profitability by recording breakeven adjusted EBITDA and non-GAAP EPS.
BlackBerry Reports 53 Percent Increase in Unique Malware Used in Cyberattacks
The high increase in novel hashes shows malware developers are rapidly updating and adapting their code to be more resilient. WATERLOO, ON / ACCESSWIRE / September 24, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today released its latest Global Threat Intelligence Report, revealing that BlackBerry® cybersecurity solutions detected and stopped an average of 11,500 unique malware samples daily, up 53 percent from the previous reporting period.
5 Considerations Ahead Of BlackBerry's Q2 Earnings Report
BlackBerry Limited's Q2 results are unlikely to significantly move the stock, which has stabilized after a year-to-date loss of one-third. BlackBerry expects another adjusted EBITDA loss and flat to declining revenue, despite leadership changes and cost reductions. Improvements in Cylance's AI threat detection and QNX's automotive sector performance are notable, but broader market challenges persist.
Factors to Note Ahead of BlackBerry's Q2 Earnings Release
BB's second-quarter performance is likely to have gained from strengthening SecuSmart business and higher revenues from royalties and professional services.
Here's Why BlackBerry (BB) Fell More Than Broader Market
BlackBerry (BB) closed the most recent trading day at $2.38, moving -1.65% from the previous trading session.
BlackBerry (BB) Rises Yet Lags Behind Market: Some Facts Worth Knowing
The latest trading day saw BlackBerry (BB) settling at $2.42, representing a +1.68% change from its previous close.
BlackBerry Adds Safety Certified Filesystem to its QNX Software
BB enhances its QNX OS for Safety solution with the addition of a POSIX-compliant filesystem.
BlackBerry QNX Strengthens Automotive Software Portfolio with New Safety-Certified Filesystem
Enhanced offering provides added peace of mind to developers building safety-critical systems WATERLOO, ON / ACCESSWIRE / September 17, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced it has strengthened its trusted QNX® OS for Safety with the addition of a unique POSIX-compliant, ISO 26262 certified, integrity checking filesystem to provide OEMs and other embedded software suppliers an additional layer of validation when building safety-critical systems. Certified to ISO 26262 ASIL B, the automotive industry's functional safety standard, QNX® Filesystem for Safety (QFS) verifies the integrity of all filesystem contents at runtime, enabling embedded software developers to detect if any corruption has taken place and to take all necessary actions to maintain the safety of the system.
BlackBerry (BB) Advances But Underperforms Market: Key Facts
BlackBerry (BB) closed the most recent trading day at $2.48, moving +0.4% from the previous trading session.
BlackBerry to Announce Second Quarter Fiscal Year 2025 Results on September 26, 2024
WATERLOO, ON / ACCESSWIRE / September 12, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) will report results for the second quarter of fiscal year 2025 at 5:30 p.m. ET on Thursday, September 26, 2024.
