BlackBerry Limited reported financial results for Q3 FY2025 ended November 30, 2024. Revenue was $143 million, down from $152 million in Q3 FY2024. Net loss was $11 million or $0.02 per share, improved from a net loss of $21 million or $0.04 per share last year. Adjusted net income was $12 million or $0.02 per share.The company announced an agreement to sell its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and 5.5 million Arctic Wolf shares. After adjustments, BlackBerry will receive approximately $80 million cash and the shares at closing, with an additional $40 million cash payment one year later.BlackBerry raised its full-year IoT revenue outlook to $230-235 million. It expects Q4 revenue of $126-135 million and adjusted EBITDA of $10-20 million. The company ended the quarter with $266 million in cash and investments. Management expressed confidence in the company's strategy and growth prospects in IoT and secure communications markets.

BlackBerry Limited reported financial results for Q3 FY2025 ended November 30, 2024. Revenue was $143 million, down from $152 million in Q3 FY2024. Net loss was $11 million or $0.02 per share, improved from a net loss of $21 million or $0.04 per share last year. Adjusted net income was $12 million or $0.02 per share.The company announced an agreement to sell its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and 5.5 million Arctic Wolf shares. After adjustments, BlackBerry will receive approximately $80 million cash and the shares at closing, with an additional $40 million cash payment one year later.BlackBerry raised its full-year IoT revenue outlook to $230-235 million. It expects Q4 revenue of $126-135 million and adjusted EBITDA of $10-20 million. The company ended the quarter with $266 million in cash and investments. Management expressed confidence in the company's strategy and growth prospects in IoT and secure communications markets.