On June 26, 2024, BlackBerry Limited announced its financial results for the first quarter of the fiscal year 2025, which ended on May 31, 2024. The company reported exceeding its quarterly revenue guidance for both its Internet of Things (IoT) and Cybersecurity divisions. The IoT division saw an 18% year-over-year revenue growth, while the Cybersecurity division reported a sequential increase in Annual Recurring Revenue (ARR) and Dollar-Based Net Retention Rate (DBNRR). BlackBerry also surpassed its guidance for adjusted EBITDA and non-GAAP earnings per share. The company highlighted significant progress in the operational separation of its IoT and Cybersecurity businesses. Total company revenue stood at $144 million, with a non-GAAP and GAAP gross margin of 67%. The company's CEO, John J. Giamatteo, expressed...Show More

On June 26, 2024, BlackBerry Limited announced its financial results for the first quarter of the fiscal year 2025, which ended on May 31, 2024. The company reported exceeding its quarterly revenue guidance for both its Internet of Things (IoT) and Cybersecurity divisions. The IoT division saw an 18% year-over-year revenue growth, while the Cybersecurity division reported a sequential increase in Annual Recurring Revenue (ARR) and Dollar-Based Net Retention Rate (DBNRR). BlackBerry also surpassed its guidance for adjusted EBITDA and non-GAAP earnings per share. The company highlighted significant progress in the operational separation of its IoT and Cybersecurity businesses. Total company revenue stood at $144 million, with a non-GAAP and GAAP gross margin of 67%. The company's CEO, John J. Giamatteo, expressed confidence in BlackBerry's strategy and its path towards profitability and positive cash flow by the fourth quarter. BlackBerry's stock is traded on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol BB. The company also provided guidance for the second quarter and full fiscal year 2025, expecting total revenue to be between $136 - $144 million for Q2 and $586 - $616 million for the full year.