Simplifying processes for automakers and their suppliers through an efficient re-selling partnershipIntegrated solution leveraging ETAS AUTOSAR Adaptive middleware and QNX Operating SystemAlso includes ETAS' cybersecurity solutions in line with UN-R155, GB/T, and ISO/SAE 21434STUTTGART, Germany and WATERLOO, ON, April 10, 2024 /PRNewswire/ -- ETAS GmbH, a leading solution provider for the development of automotive software and BlackBerry QNX, a business unit of BlackBerry Limited (NYSE: BB; TSX: BB), have s ...

BlackBerry (BB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ea ...

Key PointsBlackBerry once dominated the smartphone market as Research in Motion in the med-2,000s, ushering in the smartphone era, which was taken over by Apple's iPhone and Samsung's Galaxy smartphones.BlackBerry ditched smartphones and transitioned into a software company focused on mobile device management (MD) and unified endpoint management (UEM), offering cybersecurity and internet-of-things (IoT) solutions.The company reported fiscal Q4 2024 EPS beat by 7 cents as revenues rose 14.6% YoY but cut its ...

Collaboration to revolutionize robotics industry with enhanced real-time performance, precision, reliability, and scalability NUREMBURG, Germany, April 9, 2024 /PRNewswire/ -- At Embedded World today, BlackBerry Limited (NYSE: BB; TSX: BB) announced a collaboration with AMD designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, and repeatable determinism. Together, the companies will address the critical need for 'hard' real-time capabilities in robotics ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38232 ______________________________________________________ BlackBerry Limited (Exact name of registrant as specified ...

BlackBerry Limited (BB) reported fourth-quarter fiscal 2024 (ended Feb 29) adjusted earnings per share (EPS) of 3 cents. In the year-ago quarter, it incurred a non-GAAP loss of 2 cents. The Zacks Consensus Estimate was pegged at a loss of 3 cents.Quarterly total revenues were $173 million compared with the prior-quarter revenues of $151 million. Revenues benefited from solid demand for its solution across the advanced driver assistance systems market.The company expects fiscal first-quarter total revenues i ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

BlackBerry Ltd shares rose more than 6% in after-hours trading on Wednesday following the company’s unexpected adjusted profit in its latest quarter, showcasing significant sales growth in its cybersecurity and internet-of-things (IoT) businesses.BlackBerry earnings score big on IoT Copy link to section BlackBerry’s fiscal fourth quarter marked its “strongest-ever quarter” for the company’s IoT division, with CEO John J. Giamatteo noting that the company also made significant strides in advancing its cybers ...

BlackBerry Limited (NYSE:BB) Q4 2024 Earnings Conference Call April 3, 2023 5:30 PM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Mike Walkley - Canaccord Genuity William Kerwin - Morningstar Paul Treiber - RBC Capital Markets Operator Good afternoon, and welcome to the BlackBerry Fourth Quarter and Full Fiscal Year 2024 Results Conference Call. My name is MJ, and I'll be your conference moderator for today's c ...

IoT Division Performance - IoT division achieved record quarterly revenue of $66 million, a 25% year-over-year increase, with a gross margin of 85%[3] - IoT segment revenue grew from $53 million in February 2023 to $66 million in February 2024, an increase of 24.5%[22] - IoT segment gross margin improved from 81% in February 2023 to 85% in February 2024[22] - BlackBerry launched QNX® Software Development Platform 8.0 and QNX® Sound, targeting next-generation automotive and IoT systems[5] - QNX royalty backlog grew 27% year-over-year to $815 million[2] - QNX Royalty Backlog totaled $815 million for the three months ended February 29, 2024[42] Cybersecurity Division Performance - Cybersecurity division revenue increased by 5% year-over-year to $92 million, with ARR growing 3% sequentially to $280 million[3] - Cybersecurity segment revenue increased from $88 million in February 2023 to $92 million in February 2024, a growth of 4.5%[22] - Cybersecurity segment gross margin increased from 59% in February 2023 to 65% in February 2024[22] - Cybersecurity Annual Recurring Revenue (ARR) reached $280 million for the three months ended February 29, 2024[42] - Cybersecurity Dollar-Based Net Retention Rate (DBNRR) stood at 85% for the three months ended February 29, 2024[42] - Cybersecurity Total Contract Value (TCV) billings amounted to $91 million for the three months ended February 29, 2024[42] Financial Performance Overview - Total company revenue for Q4 was $173 million, with non-GAAP and GAAP gross margin increasing to 75%[3] - Adjusted EBITDA for Q4 was $21 million, with cash used by operations decreasing by 52% sequentially to $15 million[3] - Full-year revenue for FY24 was $853 million, including $218 million from the sale of a legacy patent portfolio in Q1[4] - BlackBerry expects FY25 revenue to be between $586 million and $616 million, with IoT revenue projected at $220-$235 million and Cybersecurity revenue at $350-$365 million[7] - Cash and cash equivalents decreased from $295 million in February 2023 to $175 million in February 2024, a decline of 40.7%[19] - Net loss improved from $734 million in February 2023 to $130 million in February 2024, a reduction of 82.3%[21] - Total segment gross margin improved from 67% in February 2023 to 75% in February 2024[22] - Total assets decreased from $1,679 million in February 2023 to $1,395 million in February 2024, a decline of 16.9%[19] - Gross margin for the three months ended February 29, 2024, was $129 million, compared to $100 million in the same period last year, with a gross margin percentage of 74.6%, up from 66.2%[27] - Adjusted operating expense for the three months ended February 29, 2024, was $113 million, down from $118 million in the same period last year[28] - Net loss for the three months ended February 29, 2024, was $56 million, compared to a net loss of $495 million in the same period last year, with adjusted net income of $16 million[29] - Research and development expense for the three months ended February 29, 2024, was $40 million, down from $48 million in the same period last year, with adjusted R&D expense of $38 million[30] - Adjusted EBITDA for the three months ended February 29, 2024, was $(12) million, compared to $(17) million in the same period last year, with an adjusted EBITDA margin of 12%[31] - Gross margin for the fiscal year ended February 29, 2024, was $520 million, compared to $419 million in the previous fiscal year, with a gross margin percentage of 61.0%, down from 63.9%[33] - Adjusted operating expense for the fiscal year ended February 29, 2024, was $487 million, down from $516 million in the previous fiscal year[34] - Net loss for the fiscal year ended February 29, 2024, was $130 million, compared to a net loss of $734 million in the previous fiscal year, with adjusted net income of $31 million[35] - Adjusted EBITDA for the fiscal year ended February 29, 2024, was $57 million, compared to $(71) million in the previous fiscal year, with an adjusted EBITDA margin of 7%[37] - Free cash usage for the fiscal year ended February 29, 2024, was $10 million, compared to $270 million in the previous fiscal year[40] Licensing and Other Segment Performance - Licensing and Other segment revenue rose from $10 million in February 2023 to $15 million in February 2024, a 50% increase[22] - Licensing and Other segment gross margin rose from 60% in February 2023 to 87% in February 2024[22] Corporate and Strategic Developments - The company completed a $200 million convertible notes offering and repaid $150 million of short-term debentures[5] - BlackBerry appointed Philip Brace, an IoT industry veteran, to its Board of Directors[5] - Recurring Software Product Revenue Percentage was approximately 90% for the three months ended February 29, 2024[42]