• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    BlackBerry Reports Third Quarter Fiscal Year 2025 Results

    12/19/24 5:05:00 PM ET
    $BB
    Computer Software: Prepackaged Software
    Technology
    Get the next $BB alert in real time by email
    • Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT

    • Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year

    • Achieves milestone of positive operating and free cash flow ahead of schedule

    WATERLOO, ON / ACCESSWIRE / December 19, 2024 /

    BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

    "BlackBerry achieved a significant inflection in its results this past quarter. Driven by a combination of strong revenue performance for both our Cybersecurity and IoT divisions, and continued focus on costs and efficiency, the Company delivered stronger than expected profitability and a return to positive cash flow ahead of schedule," said John J. Giamatteo, CEO, BlackBerry. "The announcement of a definitive agreement for the sale of Cylance to Arctic Wolf is a further transformational step for the Company, placing BlackBerry on a path to accelerating profitability post-close."

    Third Quarter Fiscal 2025 Financial Highlights

    • Total company revenue 1 was $162 million.

    • Total company gross margin 1 and non-GAAP gross margin 1 was 74%.

    • IoT revenue grew 13% sequentially and exceeded previously-provided guidance at $62 million; IoT gross margin increased by 3 percentage points from the prior quarter to 85%.

    • IoT adjusted EBITDA increased 38% sequentially to $18 million.

    • Cybersecurity revenue 1 grew 7% sequentially and exceeded previously-provided guidance at $93 million; Cybersecurity gross margin 1 increased by 12 percentage points sequentially to 67%.

    • Cybersecurity ARR 1 increased by 1% sequentially to $281 million; Cybersecurity DBNRR 1 increased by 2 percentage points sequentially, increasing for the fifth consecutive quarter, to 90%.

    • Cybersecurity 1 adjusted EBITDA increased $14 million sequentially to $8 million.

    • Licensing revenue exceeded guidance at $7 million, and Licensing adjusted EBITDA was $6 million.

    • Non-GAAP net income was $12 million and GAAP net loss was $11 million.

    • Non-GAAP basic earnings per share increased by $0.02 sequentially to $0.02, beating the previously-provided guidance. GAAP basic loss per share improved by $0.01 sequentially to $0.02.

    • Total company adjusted EBITDA 1 exceeded previously-provided guidance at $23 million.

    • Total cash, cash equivalents, short-term and long-term investments increased by $1 million sequentially to $266 million; Operating cash flow beat expectations and improved by $34 million year-over-year to $3 million.

    1 Includes discontinued operations from Cylance business, reclassified as held for sale as at November 30, 2024.

    Business Highlights & Strategic Announcements

    • BlackBerry and Arctic Wolf announce that they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance® endpoint security assets

    • BlackBerry announces that QNX® embedded technology powers more than 255 million vehicles

    • Hyundai Mobis selects BlackBerry QNX to power its next-generation digital cockpit platform

    • BlackBerry QNX introduces software-defined functional safety platform in collaboration with Intel for industrial automation

    • BlackBerry® AtHoc® is "in process" for achieving FedRAMP high authorization. Once confirmed, AtHoc will be the first critical events management solution to be authorized to secure the US government's most sensitive, unclassified data

    • BlackBerry welcomes the Government of Canada's investment in the Malaysia Cybersecurity Center of Excellence to enhance cyber resilience in Southeast Asia

    • BlackBerry appointed Lisa Bahash, an automotive OEM and Tier 1 supplier veteran, to its Board of Directors

    Financial Outlook

    BlackBerry is providing the following guidance for the fourth quarter and the full fiscal year 2025 (ending February 28, 2025). As the sale of the Company's Cylance business is expected to close during the fourth quarter of 2024, that business is reported this quarter as discontinued operations, and the following guidance, except for non-GAAP basic EPS, is reflective solely of the expected results of the Company's continuing operations.

    Q4 FY25

    Full fiscal year FY25

    Total BlackBerry revenue:

    $126 - $135 million

    $517 - $526 million

    IoT revenue:

    $60 - $65 million

    $230 - $235 million

    Secure Communications revenue:

    $62 - $66 million

    $267 - $271 million

    Licensing revenue:

    Approximately $4 million

    Approximately $20 million

    IoT segment EBITDA:

    $8 - $10 million

    $48 - $50 million

    Secure Communications segment

    EBITDA:

    $4 - $6 million

    $43 - $45 million

    Licensing segment EBITDA:

    Approximately $3 million

    Approximately $16 million

    Total Company adjusted EBITDA:

    $10 - $20 million

    $60 - $70 million

    Non-GAAP basic EPS:

    ($0.01) - +$0.01

    ($0.02) - Breakeven

    Use of Non-GAAP Financial Measures

    The tables at the end of this press release include a reconciliation of the non-GAAP financial measures and non-GAAP financial ratios used by the Company to comparable U.S. GAAP measures and an explanation of why the

    Company uses them. The Company does not provide a reconciliation of expected Adjusted EBITDA and expected

    Non-GAAP basic EPS for the fourth quarter and full fiscal year 2025 to the most directly comparable expected GAAP measures because it is unable to predict with reasonable certainty, among other things, restructuring charges and impairment charges and, accordingly, a reconciliation is not available without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. For more information on the non-GAAP financial measures, please refer to the tables at the end of this press release.

    Conference Call and Webcast

    A conference call and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed using the following link ( here ) or through the Company's investor webpage (BlackBerry.com/Investors ) or by dialing toll free +1 (844) 763-8275 and entering Elite Entry Number 51677.

    A replay of the conference call will be available at approximately 8:30 p.m. ET today, using the same webcast link (here ) or by dialing toll free +1 (877) 481-4010 and entering Replay Access Code 51677.

    About BlackBerry

    BlackBerry (NYSE:BB, TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management. The company is also a pioneer in leveraging Artificial Intelligence and Machine Learning to deliver advanced cybersecurity solutions to its customers.

    BlackBerry. Intelligent Security. Everywhere.

    For more information, visit BlackBerry.com and follow @BlackBerry.

    Investor Contact:

    BlackBerry Investor Relations

    +1 (519) 888-7465
    [email protected]

    Media Contact:

    BlackBerry Media Relations

    +1 (519) 597-7273
    [email protected]

    ###

    This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry's plans, strategies and objectives and BlackBerry's expectations regarding the anticipated completion, timing and impacts of the proposed transaction between BlackBerry and Arctic Wolf.

    The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry's expectations regarding its business, financial performance, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, and competition. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: uncertainty associated with BlackBerry's ability to complete the proposed transaction with Arctic Wolf on the proposed terms or on the anticipated timeline, or at all, and the ability to realize the expected benefits of the proposed transaction; BlackBerry's ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; BlackBerry's sales cycles and the time and expense of its sales efforts; the intense competition faced by BlackBerry; BlackBerry's ability to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance; the occurrence or perception of a breach of BlackBerry's network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; potential impacts of BlackBerry's ongoing cost reduction initiatives; BlackBerry's continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; risks arising from a failure or perceived failure of BlackBerry's solutions to detect or prevent security vulnerabilities; BlackBerry's dependence on its relationships with resellers and channel partners; litigation against BlackBerry; adverse macroeconomic and geopolitical conditions; network disruptions or other business interruptions; BlackBerry's ability to foster an ecosystem of third-party application developers; BlackBerry's products and services being dependent upon interoperability with rapidly changing systems provided by third parties; failure to protect BlackBerry's intellectual property and to earn expected revenues from intellectual property rights; BlackBerry's ability to obtain rights to use third-party software and its use of open source software; BlackBerry potentially being found to have infringed on the intellectual property rights of others; BlackBerry's indebtedness, which could impact its operating flexibility and financial condition; the substantial asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerry's products and services, including products containing encryption capabilities; environmental, social and governance expectations and standards; the failure of BlackBerry's suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; potential impacts of acquisitions, divestitures and other business initiatives; risks associated with foreign operations, including fluctuations in foreign currencies; environmental events; the fluctuation of BlackBerry's quarterly revenue and operating results; and the volatility of the market price of BlackBerry's common shares.

    These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry's Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedarplus.ca or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry's shareholders to view the anticipated performance and prospects of BlackBerry from management's perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry's financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry's business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and BlackBerry has no intention and undertakes no obligation to update or revise any of them, except as required by law.

    ###

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions except share and per share amounts) (unaudited)
    Consolidated Statements of Operations

    Three Months Ended

    Nine Months Ended

    November 30, 2024

    August 31, 2024

    November 30, 2023

    November 30, 2024

    November 30, 2023

    Revenue

    $

    143

    $

    125

    $

    152

    $

    391

    $

    606

    Cost of sales

    31

    38

    33

    102

    239

    Gross margin

    112

    87

    119

    289

    367

    Gross margin %

    78.3

    %

    69.6

    %

    78.3

    %

    73.9

    %

    60.6

    %

    Operating expenses

    Research and development

    27

    28

    29

    85

    98

    Sales and marketing

    23

    22

    25

    68

    77

    General and administrative

    38

    30

    45

    111

    133

    Amortization

    4

    5

    6

    14

    22

    Impairment of long-lived assets

    1

    -

    9

    4

    9

    Prior Debentures fair value adjustment

    -

    -

    (13

    )

    -

    3

    93

    85

    101

    282

    342

    Operating income

    19

    2

    18

    7

    25

    Investment income, net

    -

    3

    5

    8

    15

    Income before income taxes

    19

    5

    23

    15

    40

    Provision for income taxes

    7

    1

    15

    16

    20

    Income (loss) from continuing operations

    12

    4

    8

    (1

    )

    20

    Loss from discontinued operations, net of tax

    (23

    )

    (23

    )

    (29

    )

    (71

    )

    (94

    )

    Net loss

    $

    (11

    )

    $

    (19

    )

    $

    (21

    )

    $

    (72

    )

    $

    (74

    )

    Earnings (loss) per share

    Basic earnings per share from continuing operations

    $

    0.02

    $

    0.01

    $

    0.01

    $

    -

    $

    0.03

    Total basic loss per share

    $

    (0.02

    )

    $

    (0.03

    )

    $

    (0.04

    )

    $

    (0.12

    )

    $

    (0.13

    )

    Diluted earnings (loss) per share from continuing operations

    $

    0.02

    $

    0.01

    $

    (0.01

    )

    $

    -

    $

    0.03

    Total diluted loss per share

    $

    (0.02

    )

    $

    (0.03

    )

    $

    (0.05

    )

    $

    (0.12

    )

    $

    (0.13

    )

    Weighted-average number of common shares outstanding (000s)

    Basic

    591,240

    590,549

    584,331

    590,537

    583,559

    Diluted

    593,530

    591,610

    638,470

    590,537

    590,013

    Total common shares outstanding (000s)

    591,583

    590,728

    585,340

    591,583

    585,340

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions) (unaudited)
    Consolidated Balance Sheets

    As at

    November 30, 2024

    February 29, 2024

    Assets

    Current

    Cash and cash equivalents

    $

    189

    $

    175

    Short-term investments

    31

    62

    Accounts receivable, net of allowance of $6 and $6, respectively

    161

    179

    Other receivables

    6

    19

    Income taxes receivable

    5

    4

    Other current assets

    39

    32

    Assets held for sale, current

    24

    37

    455

    508

    Restricted cash and cash equivalents

    11

    25

    Long-term investments

    35

    36

    Other long-term assets

    73

    54

    Operating lease right-of-use assets, net

    21

    22

    Property, plant and equipment, net

    14

    19

    Intangible assets, net

    51

    58

    Goodwill

    473

    475

    Assets held for sale, non-current

    176

    198

    $

    1,309

    $

    1,395

    Liabilities

    Current

    Accounts payable

    $

    9

    $

    16

    Accrued liabilities

    97

    100

    Income taxes payable

    33

    28

    Deferred revenue, current

    133

    148

    Liabilities held for sale, current

    60

    64

    332

    356

    Deferred revenue, non-current

    10

    15

    Operating lease liabilities

    19

    19

    Other long-term liabilities

    1

    3

    Long-term notes

    195

    194

    Liabilities held for sale, non-current

    27

    32

    584

    619

    Shareholders' equity

    Capital stock and additional paid-in capital

    2,972

    2,948

    Deficit

    (2,230

    )

    (2,158

    )

    Accumulated other comprehensive loss

    (17

    )

    (14

    )

    725

    776

    $

    1,309

    $

    1,395

    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions) (unaudited)
    Consolidated Statements of Cash Flows

    Nine Months Ended

    November 30, 2024

    November 30, 2023

    Cash flows from operating activities

    Net loss

    $

    (72

    )

    $

    (74

    )

    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

    Amortization

    39

    46

    Stock-based compensation

    21

    28

    Impairment of long-lived assets

    4

    11

    Intellectual property disposed of by sale

    -

    147

    Prior Debentures fair value adjustment

    -

    3

    Operating leases

    (8

    )

    (7

    )

    Other

    -

    -

    Net changes in working capital items

    Accounts receivable, net of allowance

    27

    (63

    )

    Other receivables

    13

    4

    Income taxes receivable

    (1

    )

    (2

    )

    Other assets

    (22

    )

    (58

    )

    Accounts payable

    (7

    )

    (7

    )

    Accrued liabilities

    5

    (16

    )

    Income taxes payable

    5

    13

    Deferred revenue

    (29

    )

    (13

    )

    Net cash provided by (used in) operating activities

    (25

    )

    12

    Cash flows from investing activities

    Acquisition of long-term investments

    -

    (2

    )

    Acquisition of property, plant and equipment

    (3

    )

    (5

    )

    Acquisition of intangible assets

    (6

    )

    (12

    )

    Acquisition of short-term investments

    (92

    )

    (92

    )

    Proceeds on sale or maturity of short-term investments

    123

    223

    Net cash provided by investing activities

    22

    112

    Cash flows from financing activities

    Issuance of common shares

    3

    4

    Maturity of 2020 Debentures

    -

    (365

    )

    Issuance of Extension Debentures

    -

    150

    Net cash provided by financing activities

    3

    (211

    )

    Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents during the period

    -

    (87

    )

    Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period

    200

    322

    Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period

    $

    200

    $

    235

    As at

    November 30, 2024

    February 29, 2024

    Cash and cash equivalents

    $

    189

    $

    175

    Restricted cash and cash equivalents

    11

    25

    Short-term investments

    31

    62

    Long-term investments

    35

    36

    $

    266

    $

    298

    Reconciliations of the Company's Segment Results to the Consolidated Results

    The following tables show information by operating segment for the three months November 30, 2024 and November 30, 2023. The Company reports segment information in accordance with U.S. GAAP ASC Section 280 based on the "management" approach. The management approach designates the internal reporting used by the Chief Operating Decision Maker ("CODM") for making decisions and assessing performance of the Company's reportable operating segments. During the third quarter of fiscal 2025, the CODM changed the measure of profit or loss used under the "management" approach in reviewing the results of the Company's operating segments from segment gross margin to segment EBITDA. Prior period comparatives have been recast to reflect the change in metric along with the significant categories of operating expenses included within this metric, and the change in presentation relating to facilities reclassed as disclosed in Note 1 to the Consolidated Financial Statements. See Note 11 to the Consolidated Financial Statements for a description of the Company's operating segments.

    For the Three Months Ended
    (in millions) (unaudited)

    Secure Communications

    IoT

    Licensing

    Segment Totals

    November 30,

    Change

    November 30,

    Change

    November 30,

    Change

    November 30,

    Change

    2024

    2023

    2024

    2023

    2024

    2023

    2024

    2023

    Segment revenue

    $

    74

    $

    91

    $

    (17

    )

    $

    62

    $

    55

    $

    7

    $

    7

    $

    6

    $

    1

    $

    143

    $

    152

    $

    (9

    )

    Segment cost of sales

    20

    23

    (3

    )

    9

    8

    1

    2

    1

    1

    31

    32

    (1

    )

    Segment gross margin

    $

    54

    $

    68

    $

    (14

    )

    $

    53

    $

    47

    $

    6

    $

    5

    $

    5

    $

    -

    $

    112

    $

    120

    $

    (8

    )

    Segment research and development

    11

    12

    (1

    )

    16

    15

    1

    -

    -

    -

    27

    27

    -

    Segment sales and marketing

    12

    15

    (3

    )

    11

    10

    1

    -

    -

    -

    23

    25

    (2

    )

    Segment general and administrative

    10

    9

    1

    9

    10

    (1

    )

    1

    6

    (5

    )

    20

    25

    (5

    )

    Less amortization included in the above

    1

    1

    -

    1

    -

    1

    2

    3

    (1

    )

    4

    4

    -

    Segment EBITDA

    $

    22

    $

    33

    $

    (11

    )

    $

    18

    $

    12

    $

    6

    $

    6

    $

    2

    $

    4

    $

    46

    $

    47

    $

    (1

    )

    The following tables reconcile the Company's segment gross margin results for the three months ended November 30, 2024 and November 30, 2023 to consolidated U.S. GAAP results:

    For the Three Months Ended November 30, 2024

    (in millions) (unaudited)

    Secure Communications

    IoT

    Licensing

    Segment Totals

    Reconciling Items

    Consolidated U.S. GAAP

    Revenue

    $

    74

    $

    62

    $

    7

    $

    143

    $

    -

    $

    143

    Cost of sales

    20

    9

    2

    31

    -

    31

    Gross margin (1)

    $

    54

    $

    53

    $

    5

    $

    112

    $

    -

    $

    112

    Operating expenses

    93

    93

    Investment income, net

    -

    -

    Income before income taxes

    $

    19

    For the Three Months Ended November 30, 2023

    (in millions) (unaudited)

    Secure Communications

    IoT

    Licensing

    Segment Totals

    Reconciling Items

    Consolidated U.S. GAAP

    Revenue

    $

    91

    $

    55

    $

    6

    $

    152

    $

    -

    $

    152

    Cost of sales

    23

    8

    1

    32

    1

    33

    Gross margin (1)

    $

    68

    $

    47

    $

    5

    $

    120

    $

    (1

    )

    $

    119

    Operating expenses

    101

    101

    Investment income, net

    5

    5

    Income before income taxes

    $

    23

    (1) See "Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures" for a reconciliation of selected U.S. GAAP-based measures to adjusted measures for the three months ended November 30, 2024 and November 30, 2023.

    The following tables reconcile the Company's segment EBITDA results for the three months ended November 30, 2024 and November 30, 2023 to consolidated U.S. GAAP results:

    For the Three Months Ended

    (in millions) (unaudited)

    November 30, 2024

    November 30, 2023

    Total Segment EBITDA

    $

    46

    $

    47

    Adjustments (1) :

    Stock compensation expense

    4

    7

    Restructuring expenses

    7

    9

    Less

    Corporate general and administrative expense

    9

    10

    Amortization

    6

    7

    Impairment of long-lived assets

    1

    9

    Prior Debentures fair value adjustment

    -

    (13

    )

    Investment income

    -

    (5

    )

    Consolidated income from continuing operations before income taxes

    $

    19

    $

    23

    (1) See "Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures" for a reconciliation of selected U.S. GAAP-based measures to adjusted measures for the three months ended November 30, 2024 and November 30, 2023.

    Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures

    In the Company's internal reports, management evaluates the performance of the Company's business on a non-GAAP basis by excluding the impact of certain items below from the Company's U.S. GAAP financial results. The Company believes that these non-GAAP financial measures and non-GAAP ratios provide management, as well as readers of the Company's financial statements, with a consistent basis for comparison across accounting periods and are useful in helping management and readers understand the Company's operating results and underlying operational trends.

    Readers are cautioned that revenue from continuing and discontinued operation, Cybersecurity revenue from continuing and discontinued operations, adjusted gross margin, adjusted gross margin percentage, Cybersecurity gross margin from continuing and discontinued operations, adjusted gross margin from continuing and discontinued operations, adjusted gross margin percentage from continuing and discontinued operations, adjusted operating expense, adjusted operating expense from continuing and discontinued operations, adjusted net income (loss), adjusted earnings (loss) per share, adjusted research and development expense, adjusted sales and marketing expense, adjusted general and administrative expense, adjusted amortization expense, adjusted operating income (loss), adjusted EBITDA from continuing and discontinued operations, adjusted Cybersecurity EBITDA from continuing and discontinued operations and free cash flow (usage)and similar measures do not have any standardized meaning prescribed by U.S. GAAP and are therefore unlikely to be comparable to similarly titled measures reported by other companies. These non-GAAP financial measures should be considered in the context of the U.S. GAAP results.

    Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the three months ended November 30, 2024 and November 30, 2023

    A reconciliation of the most directly comparable U.S. GAAP financial measures for the three months ended November 30, 2024 and November 30, 2023 to adjusted financial measures is reflected in the table below:

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Revenue

    $

    143

    $

    152

    Cylance revenue

    19

    23

    Revenue from continuing and discontinued operations

    $

    162

    $

    175

    Secure Communication revenue

    $

    74

    $

    91

    Cylance revenue

    19

    23

    Cybersecurity revenue from continuing and discontinued operations

    $

    93

    $

    114

    Gross margin

    $

    112

    $

    119

    Stock compensation expense

    -

    1

    Adjusted gross margin

    $

    112

    $

    120

    Gross margin %

    78.3

    %

    78.3

    %

    Stock compensation expense

    -

    %

    0.6

    %

    Adjusted gross margin %

    78.3

    %

    78.9

    %

    Secure Communication gross margin

    $

    54

    $

    68

    Cylance gross margin

    8

    10

    Cybersecurity gross margin from continuing and discontinued operations

    $

    62

    $

    78

    Gross margin

    $

    112

    $

    119

    Cylance gross margin

    8

    10

    Stock compensation expense

    -

    1

    Adjusted gross margin from continuing and discontinued operations

    $

    120

    $

    130

    Gross margin %

    78.3

    %

    78.3

    %

    Cylance gross margin

    (4.2

    ) %

    (4.6

    ) %

    Stock compensation expense

    -

    %

    0.6

    %

    Adjusted gross margin % from continuing and discontinued operations

    74.1

    %

    74.3

    %

    Reconciliation of U.S. GAAP operating expense for the three months ended November 30, 2024 and November 30, 2023 to adjusted operating expense and adjusted operating expense from continuing and discontinued operations is reflected in the table below:

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Operating expense

    $

    93

    $

    101

    Restructuring charges

    7

    9

    Stock compensation expense

    4

    6

    Prior Debentures fair value adjustment

    -

    (13

    )

    Acquired intangibles amortization

    2

    2

    LLA impairment charge

    1

    9

    Adjusted operating expense

    $

    79

    $

    88

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Operating expense

    $

    93

    $

    101

    Add:

    Cylance operating expenses

    31

    39

    Less:

    Restructuring charges

    7

    9

    Stock compensation expense

    4

    6

    Prior Debentures fair value adjustment

    -

    (13

    )

    Acquired intangibles amortization

    2

    2

    LLA impairment charge

    1

    9

    Cylance stock compensation expense

    2

    1

    Cylance acquired intangible amortization

    7

    7

    Cylance LLA impairment charge

    -

    2

    Adjusted operating expense from continuing and discontinued operations

    $

    101

    $

    117

    Reconciliation of U.S. GAAP net loss and U.S. GAAP basic loss per share for the three months ended November 30, 2024 and November 30, 2023 to adjusted net income and adjusted basic earnings per share is reflected in the table below:

    For the Three Months Ended (in millions, except per share amounts)

    November 30, 2024

    November 30, 2023

    Basic earnings (loss)
    per share

    Basic earnings (loss)
    per share

    Net loss

    $

    (11

    )

    $

    (0.02

    )

    $

    (21

    )

    $

    (0.04

    )

    Restructuring charges

    7

    9

    Stock compensation expense

    6

    8

    Prior Debentures fair value adjustment

    -

    (13

    )

    Acquired intangibles amortization

    9

    9

    LLA impairment charge

    1

    11

    Adjusted net income

    $

    12

    $

    0.02

    $

    3

    $

    0.01

    Reconciliation of U.S. GAAP research and development, sales and marketing, general and administrative, and amortization expense for the three months ended November 30, 2024 and November 30, 2023 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below:

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Research and development

    $

    27

    $

    29

    Stock compensation expense

    1

    2

    Adjusted research and development expense

    $

    26

    $

    27

    Sales and marketing

    $

    23

    $

    25

    Stock compensation expense

    1

    -

    Adjusted sales and marketing expense

    $

    22

    $

    25

    General and administrative

    $

    38

    $

    45

    Restructuring charges

    7

    9

    Stock compensation expense

    2

    4

    Adjusted general and administrative expense

    $

    29

    $

    32

    Amortization

    $

    4

    $

    6

    Acquired intangibles amortization

    2

    2

    Adjusted amortization expense

    $

    2

    $

    4

    Adjusted EBITDA from continuing and discontinued operation, and adjusted Cybersecurity EBITDA from continuing and discontinued operations for the three months ended November 30, 2024 and November 30, 2023 are reflected in the table below. These are non-GAAP financial measures and non-GAAP ratios that do not have any standardized meaning as prescribed by U.S. GAAP and are therefore unlikely to be comparable to similar measures presented by other companies..

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Net loss

    $

    (11

    )

    $

    (21

    )

    Non-GAAP adjustments to net loss

    Restructuring charges

    7

    9

    Stock compensation expense

    6

    8

    Prior Debentures fair value adjustment

    -

    (13

    )

    Acquired intangibles amortization

    9

    9

    LLA impairment charge

    1

    11

    Total non-GAAP adjustments to net loss

    23

    24

    Amortization

    13

    14

    Acquired intangibles amortization

    (9

    )

    (9

    )

    Investment income, net

    -

    (5

    )

    Provision for income taxes

    7

    15

    Adjusted EBITDA from continuing and discontinued operation

    $

    23

    $

    18

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Net loss

    $

    (11

    )

    $

    (21

    )

    Non-GAAP adjustments to net loss

    Restructuring charges

    7

    9

    Stock compensation expense

    6

    8

    Prior Debentures fair value adjustment

    -

    (13

    )

    Acquired intangibles amortization

    9

    9

    LLA impairment charge

    1

    11

    Total non-GAAP adjustments to net loss

    23

    24

    Amortization

    13

    14

    Acquired intangibles amortization

    (9

    )

    (9

    )

    Investment income, net

    -

    (5

    )

    Provision for income taxes

    7

    15

    Less:

    IoT Segment EBITDA

    18

    12

    Licensing Segment EBITDA

    6

    2

    Corporate general and administrative expense

    (9

    )

    (10

    )

    Adjusted Cybersecurity EBITDA from continuing and discontinued operation

    $

    8

    $

    14

    Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the nine months endedNovember 30, 2024 and November 30, 2023

    A reconciliation of the most directly comparable U.S. GAAP financial measures for the nine months endedNovember 30, 2024 and November 30, 2023 to adjusted financial measures is reflected in the table below:

    For the Nine Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Gross margin

    $

    289

    $

    367

    Stock compensation expense

    2

    3

    Adjusted gross margin

    $

    291

    $

    370

    Gross margin %

    73.9

    %

    60.6

    %

    Stock compensation expense

    0.5

    %

    0.5

    %

    Adjusted gross margin %

    74.4

    %

    61.1

    %

    Reconciliation of U.S. GAAP operating expense for the nine months endedNovember 30, 2024 and November 30, 2023 to adjusted operating expense is reflected in the table below:

    For the Nine Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Operating expense

    $

    282

    $

    342

    Restructuring charges

    16

    17

    Stock compensation expense

    14

    22

    Prior Debentures fair value adjustment

    -

    3

    Acquired intangibles amortization

    6

    9

    LLA impairment charge

    4

    9

    Adjusted operating expense

    $

    242

    $

    282

    Reconciliation of U.S. GAAP net loss and U.S. GAAP basic loss per share for the nine months endedNovember 30, 2024 and November 30, 2023 to the adjusted net income (loss) and adjusted basic earnings (loss) per share is reflected in the table below:

    For the Nine Months Ended (in millions, except per share amounts)

    November 30, 2024

    November 30, 2023

    Basic loss per share

    Basic earnings (loss) per share

    Net loss

    $

    (72

    )

    $

    (0.12

    )

    $

    (74

    )

    $

    (0.13

    )

    Restructuring charges

    16

    17

    Stock compensation expense

    21

    28

    Prior Debentures fair value adjustment

    -

    3

    Acquired intangibles amortization

    26

    29

    LLA impairment charge

    4

    11

    Adjusted net income (loss)

    $

    (5

    )

    $

    (0.01

    )

    $

    14

    $

    0.02

    Reconciliation of U.S GAAP research and development, sales and marketing, general and administrative, and amortization expense for the nine months endedNovember 30, 2024 and November 30, 2023 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below:

    For the Nine Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Research and development

    $

    85

    $

    98

    Stock compensation expense

    4

    6

    Adjusted research and development expense

    $

    81

    $

    92

    Sales and marketing

    $

    68

    $

    77

    Stock compensation expense

    2

    2

    Adjusted sales and marketing expense

    $

    66

    $

    75

    General and administrative

    $

    111

    $

    133

    Restructuring charges

    16

    17

    Stock compensation expense

    8

    14

    Adjusted general and administrative expense

    $

    87

    $

    102

    Amortization

    $

    14

    $

    22

    Acquired intangibles amortization

    6

    9

    Adjusted amortization expense

    $

    8

    $

    13

    Adjusted EBITDA from continuing and discontinued operations for the nine months endedNovember 30, 2024 and November 30, 2023 are reflected in the table below. These are non-GAAP financial measures and non-GAAP ratios that do not have any standardized meaning as prescribed by U.S. GAAP and are therefore unlikely to be comparable to similar measures presented by other companies.

    For the Nine Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Net loss

    $

    (72

    )

    $

    (74

    )

    Non-GAAP adjustments to operating loss

    Restructuring charges

    16

    17

    Stock compensation expense

    21

    28

    Prior Debentures fair value adjustment

    -

    3

    Acquired intangibles amortization

    26

    29

    LLA impairment charge

    4

    11

    Total non-GAAP adjustments to net loss

    67

    88

    Amortization

    39

    46

    Acquired intangibles amortization

    (26

    )

    (29

    )

    Investment income, net

    (8

    )

    (15

    )

    Provision for income taxes

    16

    20

    Adjusted EBITDA from continuing and discontinued operation

    $

    16

    $

    36

    The Company uses free cash flow (usage) when assessing its sources of liquidity, capital resources, and quality of earnings. The Company believes that free cash flow (usage) is helpful in understanding the Company's capital requirements and provides an additional means to reflect the cash flow trends in the Company's business.

    Reconciliation of U.S. GAAP net cash used in operating activities for the three months ended November 30, 2024 and November 30, 2023 to free cash flow (usage) is reflected in the table below:

    For the Three Months Ended (in millions)

    November 30, 2024

    November 30, 2023

    Net cash provided by (used in) operating activities

    $

    3

    $

    (31

    )

    Acquisition of property, plant and equipment

    -

    (2

    )

    Free cash flow (usage)

    $

    3

    $

    (33

    )

    Key Metrics

    The Company regularly monitors a number of financial and operating metrics, including the following key metrics, in order to measure the Company's current performance and estimated future performance. Readers are cautioned that annual recurring revenue ("ARR"), dollar-based net retention rate ("DBNRR"), and recurring revenue percentage do not have any standardized meaning and are unlikely to be comparable to similarly titled measures reported by other companies. Each of Cybersecurity ARR and DBNRR includes both continuing operations and discontinued operations.

    For the Three Months Ended (in millions)

    November 30, 2024

    Cybersecurity Annual Recurring Revenue

    $

    281

    Secure Communications Annual Recurring Revenue

    $

    215

    Cybersecurity Dollar-Based Net Retention Rate

    90

    %

    Secure Communications Dollar-Based Net Retention Rate

    95

    %

    Recurring Software Product Revenue Percentage

    80

    %

    SOURCE: BlackBerry



    View the original press release on accesswire.com

    Get the next $BB alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BB

    DatePrice TargetRatingAnalyst
    12/20/2024$4.00Hold → Buy
    TD Securities
    6/27/2024Neutral → Sector Outperform
    CIBC
    12/21/2023$4.50 → $4.00Sector Perform
    RBC Capital Mkts
    5/18/2023$4.20 → $6.50Sector Underperform → Neutral
    CIBC
    3/31/2023$4.00Reduce → Hold
    TD Securities
    8/12/2022$7.00Neutral
    Robert W. Baird
    3/21/2022$7.00Underperform → Sector Perform
    RBC Capital Mkts
    8/18/2021$10.00Sell → Hold
    Canaccord Genuity
    More analyst ratings

    $BB
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • BlackBerry Reports 600,000 Cyberattacks on Critical Infrastructure in Q3 2024

      New threat report addresses trends in threat actor methodology and secure communications threats WATERLOO, ON / ACCESSWIRE / January 15, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today released its latest Global Threat Intelligence Report, highlighting the threats stopped by BlackBerry® cybersecurity solutions and new trends in the cybersecurity threat landscape. Between July and September 2024, BlackBerry detected 600,000 attacks against critical infrastructure, 45 percent of which targeted the financial sector. They also detected 430,000 attacks against commercial enterprise industries.The report does a deep dive into the behaviors of dangerous, but little known, threat actor groups and

      1/15/25 9:00:00 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • MOTORTREND ANNOUNCES WINNERS OF THIRD ANNUAL SOFTWARE-DEFINED VEHICLE INNOVATOR AWARDS

      -Unveiled at CES, the Awards Celebrate Visionaries Driving the Future of Mobility Through Software Innovation in the Automotive Industry- LAS VEGAS, Jan. 8, 2025 /PRNewswire/ -- MotorTrend Group, a Warner Bros. Discovery company, has announced the winners of the third annual SDV (Software-Defined Vehicle) Innovator Awards, which were presented at the SDV Innovator Awards Gala at CES 2025 in Las Vegas, and presented in partnership with QNX, a division of BlackBerry Limited (NYSE:BB, TSX:BB), whose technology is used by countless automakers around the world. The SDV Innovator Aw

      1/8/25 9:00:00 AM ET
      $BB
      $WBD
      Computer Software: Prepackaged Software
      Technology
      Cable & Other Pay Television Services
      Telecommunications
    • BlackBerry to Participate in Upcoming Investor Event

      BlackBerry Executives to speak at upcoming Needham conference WATERLOO, ON / ACCESSWIRE / January 6, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced its participation at the following investor conference:27th Annual Needham Growth Conference - Tuesday, January 14, 2024, at 3:45 pm ETJohn Giamatteo, BlackBerry Chief Executive Officer, and Tim Foote, BlackBerry Chief Financial Officer, will join Needham for a fireside chat. Register here for the live stream.A replay of the event will be available on the BlackBerry.com/Investors website.About BlackBerryBlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around

      1/6/25 5:05:00 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology

    $BB
    Leadership Updates

    Live Leadership Updates

    See more
    • QNX Doubles Down on Developer Support to Fuel Embedded Software Innovation Everywhere

      Free QNX Everywhere software resources now available, accelerating developers' ability to access, build, and deploy QNX-based systems LAS VEGAS, NV / ACCESSWIRE / January 6, 2025 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), today reaffirmed its commitment to making its high performance foundational software more broadly available for non-commercial use with a view to making embedded systems learning, experimentation and innovation easier than ever before.As part of the QNX® Everywhere initiative, which seeks to nurture and grow QNX's worldwide developer community, students, schools, research organizations, and hobbyists can now quickly and easily gain free access to the QNX® So

      1/6/25 7:56:00 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance

      Arctic Wolf to enhance its Security Operations Aurora Platform with best-in-class endpoint prevention, detection, and response WATERLOO, ON and EDEN PRAIRIE, MN / ACCESSWIRE / December 16, 2024 / Arctic Wolf® and BlackBerry Limited (NYSE:BB)(TSX:BB), two global leaders in security software and services, today announced they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance® endpoint security assets. Cylance is the pioneer of AI-based endpoint protection trusted by thousands of organizations around the world. With this acquisition, Arctic Wolf ushers in a new era of simplicity, flexibility, and outcomes to the endpoint security market, delivering the sec

      12/16/24 9:00:00 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • BlackBerry QNX and TTTech Auto Launch New MotionWise Scheduling Solution for QNX 8

      Developers can now easily manage complex software workloads using pre-determined runtime scheduling capabilities WATERLOO, ON / ACCESSWIRE / December 10, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) and TTTech Auto today announced a solution that addresses the growing complexities automotive developers are facing as the industry doubles down on its push towards Software Defined Vehicles (SDVs). MotionWise Schedule for QNX® Software Development Platform (SDP) 8.0 accelerates software development for automakers building SDVs and helps to enable the safe, real-time execution of applications running on QNX® SDP 8.Evolving automotive landscapeAs vehicle software becomes increasingly complex while

      12/10/24 4:00:00 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology

    $BB
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BlackBerry upgraded by TD Securities with a new price target

      TD Securities upgraded BlackBerry from Hold to Buy and set a new price target of $4.00

      12/20/24 7:24:02 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • BlackBerry upgraded by CIBC

      CIBC upgraded BlackBerry from Neutral to Sector Outperform

      6/27/24 8:08:40 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • RBC Capital Mkts reiterated coverage on BlackBerry with a new price target

      RBC Capital Mkts reiterated coverage of BlackBerry with a rating of Sector Perform and set a new price target of $4.00 from $4.50 previously

      12/21/23 10:04:00 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology

    $BB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $BB
    Financials

    Live finance-specific insights

    See more

    $BB
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Amendment: SEC Form SC 13G/A filed by BlackBerry Limited

      SC 13G/A - BLACKBERRY Ltd (0001070235) (Subject)

      11/12/24 4:01:20 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by BlackBerry Limited

      SC 13G/A - BLACKBERRY Ltd (0001070235) (Subject)

      8/2/24 10:56:01 AM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13D/A filed by BlackBerry Limited (Amendment)

      SC 13D/A - BLACKBERRY Ltd (0001070235) (Subject)

      2/20/24 4:04:10 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • BlackBerry Reports Third Quarter Fiscal Year 2025 Results

      Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoTDelivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year Achieves milestone of positive operating and free cash flow ahead of schedule WATERLOO, ON / ACCESSWIRE / December 19, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated)."BlackBerry achieved a significant inflection in its results this past quarter. Driven by a combination of st

      12/19/24 5:05:00 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • BlackBerry to Announce Third Quarter Fiscal Year 2025 Results on December 19, 2024

      WATERLOO, ON / ACCESSWIRE / December 5, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) will report results for the third quarter of fiscal year 2025 at 5:30 p.m. ET on Thursday, December 19, 2024. The conference call can be accessed as a live webcast using the following link (here) or through the events section of the Company's investor webpage (BlackBerry.com/Investors) or by dialing toll free +1 (844) 763-8275.A replay of the conference call will be available at approximately 8:30 p.m. ET on December 19, 2024, using the same webcast link (here) or by dialing toll free +1 (877) 481-4010 and entering Replay Access Code 51677.The following table gives target dates for quarterly earnings announce

      12/5/24 5:05:00 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • 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 $0.03Operating cash usage beats expectations, improving by $2 million sequentially and $43 million year-over-yearRevenue 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

      9/26/24 5:05:00 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • Brace Philip G bought $97,650 worth of shares (35,000 units at $2.79) (SEC Form 4)

      4 - BLACKBERRY Ltd (0001070235) (Issuer)

      2/14/24 5:20:45 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology

    $BB
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Amendment: SEC Form 4 filed by CEO & President, Cybersecurity Giamatteo John Joseph

      4/A - BLACKBERRY Ltd (0001070235) (Issuer)

      5/1/25 5:15:36 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form 4 filed by President of IoT Eriksson Mattias

      4/A - BLACKBERRY Ltd (0001070235) (Issuer)

      5/1/25 5:15:25 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form 4 filed by Chief Financial Officer Foote Tim

      4/A - BLACKBERRY Ltd (0001070235) (Issuer)

      5/1/25 5:15:13 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology

    $BB
    SEC Filings

    See more
    • BlackBerry Limited filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - BLACKBERRY Ltd (0001070235) (Filer)

      5/8/25 4:25:54 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • BlackBerry Limited filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

      8-K - BLACKBERRY Ltd (0001070235) (Filer)

      4/7/25 4:28:09 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 10-K filed by BlackBerry Limited

      10-K - BLACKBERRY Ltd (0001070235) (Filer)

      4/2/25 5:24:17 PM ET
      $BB
      Computer Software: Prepackaged Software
      Technology