On September 26, 2024, BlackBerry Limited announced its financial results for the second quarter of fiscal year 2025, which ended on August 31, 2024. The company achieved breakeven adjusted EBITDA and non-GAAP EPS, with a GAAP net loss improvement of $23 million, or 55%, year-over-year to $19 million. The GAAP loss per share improved by $0.04 to $0.03. BlackBerry reported double-digit year-over-year revenue growth for both its IoT and Cybersecurity divisions, leading to a raise in the bottom end of the full-year guidance range for IoT. Total company revenue was $145 million, with IoT revenue growing 12% to $55 million and Cybersecurity revenue increasing by 10% to $87 million. The company also reported an operating cash usage improvement of $43 million year-over-year. BlackBerry's CEO, John J...Show More

On September 26, 2024, BlackBerry Limited announced its financial results for the second quarter of fiscal year 2025, which ended on August 31, 2024. The company achieved breakeven adjusted EBITDA and non-GAAP EPS, with a GAAP net loss improvement of $23 million, or 55%, year-over-year to $19 million. The GAAP loss per share improved by $0.04 to $0.03. BlackBerry reported double-digit year-over-year revenue growth for both its IoT and Cybersecurity divisions, leading to a raise in the bottom end of the full-year guidance range for IoT. Total company revenue was $145 million, with IoT revenue growing 12% to $55 million and Cybersecurity revenue increasing by 10% to $87 million. The company also reported an operating cash usage improvement of $43 million year-over-year. BlackBerry's CEO, John J. Giamatteo, highlighted the company's progress towards profitability and cost structure rationalization. The financial outlook for the third quarter and full fiscal year 2025 was provided, with total BlackBerry revenue expected to be between $591 and $616 million. The company also made several strategic announcements, including the addition of QNX Containers to support OS virtualization and the launch of HaleyTek's GAP cockpit software platform, which will include the QNX Sound software-defined audio platform. BlackBerry also introduced CylanceMDR Pro, a managed detection and response service, and its EPP platform, CylanceENDPOINT, was named a 2024 Customers' Choice by Gartner Peer Insights.