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At the Investor Day 2024 event, BlackBerry highlighted its plans for future profitability and is considering strategic alternatives for its Cylance business.

BlackBerry forecast profit for its next fiscal year above market estimates and said it was exploring options for its Cylance business, sending shares of the Canadian company more than 4% higher on Wednesday.

Industry Description

Automakers choose trusted QNX safety and security-certified software to drive high performance and critical functionalities in autonomous and connected vehicles WATERLOO, ON / ACCESSWIRE / October 15, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced that TechInsights, a leading technology analysis and market research firm, has determined QNX® software is now embedded in more than 255 million vehicles worldwide; a year-over-year increase of 20 million and an increase of 80 million since 2020. QNX is trusted as the foundation for a software-driven future by most leading OEMs and Tier 1s worldwide, including BMW, Bosch, Continental, Dongfeng Motor, Geely, Honda, Mercedes-Benz, Toyota, Volkswagen, Volvo, and more.

BlackBerry BB stock is plunging Friday after reporting an upbeat second-quarter print Thursday.

BlackBerry's balance sheet is restrictive, with equal amounts of debt and cash, and the company remains free cash flow negative. Despite strategic positions in IoT and Cybersecurity, BlackBerry struggles with profitability and inconsistent revenue growth. Valued at 35x forward EBITDA, BlackBerry's stock is difficult to justify given its financial constraints and lack of positive free cash flow.

BlackBerry Limited's Q2 2025 earnings showed revenue growth and cost improvements, but long-term growth prospects remain questionable, leading me to maintain a sell rating. The cybersecurity segment saw a 10% YoY revenue increase, but historical struggles and high customer churn in Cylance persist, dampening optimism. Cost-cutting measures, including workforce reductions and office closures, have improved cash flow and EBITDA in recent quarters, but future profit margin improvements are uncertain without significant revenue growth.

BlackBerry Ltd had said it broke even during the second quarter on the back of a jump in cybersecurity and internet of things (IoT) revenue. Adjusted earnings climbed by US$23 million to see the figure break even, BlackBerry said overnight, following a loss in the second quarter of last year.

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 $0.03 Operating cash usage beats expectations, improving by $2 million sequentially and $43 million year-over-year Revenue 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 a significant milestone on our path to profitability by recording breakeven adjusted EBITDA and non-GAAP EPS.

The high increase in novel hashes shows malware developers are rapidly updating and adapting their code to be more resilient. WATERLOO, ON / ACCESSWIRE / September 24, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today released its latest Global Threat Intelligence Report, revealing that BlackBerry® cybersecurity solutions detected and stopped an average of 11,500 unique malware samples daily, up 53 percent from the previous reporting period.