BlackBerry Ltd. (BB)
QNX Embedded Technology Powers 255 Million Vehicles On The Road Today
Automakers choose trusted QNX safety and security-certified software to drive high performance and critical functionalities in autonomous and connected vehicles WATERLOO, ON / ACCESSWIRE / October 15, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced that TechInsights, a leading technology analysis and market research firm, has determined QNX® software is now embedded in more than 255 million vehicles worldwide; a year-over-year increase of 20 million and an increase of 80 million since 2020. QNX is trusted as the foundation for a software-driven future by most leading OEMs and Tier 1s worldwide, including BMW, Bosch, Continental, Dongfeng Motor, Geely, Honda, Mercedes-Benz, Toyota, Volkswagen, Volvo, and more.
BlackBerry QNX Research Reveals Rising Pressure on Software Engineers Leads to Critical Trade-Offs in Safety and Security
75% of Developers Admit Deadline Urgency Often Compromises Functional Safety, Highlighting the Tension Between Rapid Innovation and Maintaining Certified, Robust Systems WATERLOO, ON / ACCESSWIRE / October 8, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB), today unveiled new research highlighting the mounting pressure on software engineers and developers to balance rapid innovation with safety and security. The comprehensive survey of 1,000 embedded software developers and engineers from around the world revealed the growing tension between meeting tight project deadlines and maintaining functional safety, with 75% of respondents acknowledging that urgency often forces them to compromise on key safety requirements.
BlackBerry Appoints Lisa Bahash to its Board of Directors
WATERLOO, ON / ACCESSWIRE / October 1, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) announced today that it has appointed automotive OEM and Tier 1 supplier veteran Lisa Bahash to its Board of Directors, effective September 26, 2024. "We are delighted to welcome Lisa to the BlackBerry board," said Dick Lynch, Board Chair.
Is BlackBerry Stock a Buy?
The fallen Canadian tech giant still hasn't gotten back up yet.
BlackBerry Remains A Buy Despite Disappointing Cybersecurity Performance
BlackBerry's IoT unit shows strong growth potential, with its sales increasing and solid long-term prospects, suggesting a bright future for the division. The cybersecurity unit faces major issues, with stagnant revenue and customer churn, but some areas like Cylance MDR and UEM endpoint management are performing well. A strategic transaction is anticipated to create significant value for shareholders, though it may take longer to materialize than initially expected.
BlackBerry's Path To Profitability In Question, Analyst Cites Cybersecurity Struggles and Sluggish IoT Growth
BlackBerry BB stock is plunging Friday after reporting an upbeat second-quarter print Thursday.
BlackBerry's Q2 Earnings Beat Estimates, Revenues Up Y/Y, Stock Down
BB's fiscal second-quarter top and bottom-line numbers exceed the company's guidance.
BlackBerry Q2 Earnings: A Tough Berry To Swallow
BlackBerry's balance sheet is restrictive, with equal amounts of debt and cash, and the company remains free cash flow negative. Despite strategic positions in IoT and Cybersecurity, BlackBerry struggles with profitability and inconsistent revenue growth. Valued at 35x forward EBITDA, BlackBerry's stock is difficult to justify given its financial constraints and lack of positive free cash flow.
BlackBerry: This Is Not An Inflection Point
BlackBerry Limited's Q2 2025 earnings showed revenue growth and cost improvements, but long-term growth prospects remain questionable, leading me to maintain a sell rating. The cybersecurity segment saw a 10% YoY revenue increase, but historical struggles and high customer churn in Cylance persist, dampening optimism. Cost-cutting measures, including workforce reductions and office closures, have improved cash flow and EBITDA in recent quarters, but future profit margin improvements are uncertain without significant revenue growth.
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.
