BlackBerry Ltd

BB

Equity

ISIN CA09228F1036 / Valor 21892856

Toronto Stock Exchange (2024-09-16)

CAD 3.28-2.38%

BlackBerry Ltd
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About company

BlackBerry Ltd is an international company that provides software and services for cybersecurity, endpoint management, embedded systems, software-defined vehicles, critical event management, and secure communications to thousands of enterprise customers. Founded in 1984 as Research In Motion (RIM), BlackBerry has evolved into a leader in cybersecurity, helping businesses, government agencies, and safety-critical institutions secure the Internet of Things (IoT). With headquarters in Waterloo, Canada, and additional offices worldwide, BlackBerry secures over 500M endpoints, including 235M vehicles, offering products and services such as Cylance AI-based endpoint security solutions, BlackBerry UEM unified endpoint management platform, BlackBerry AtHoc critical event management solution, and BlackBerry QNX software for secure embedded systems.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

In the fourth quarter of fiscal year 2024, BlackBerry Ltd reported a total company revenue of $173 million. This marks a significant achievement for the company, reflecting its strategic efforts in both the IoT and Cybersecurity divisions.

IoT Division Performance

BlackBerry Ltd's IoT division achieved a record revenue of $66 million in Q4 FY2024, representing a 25% year-over-year increase. The division's gross margin remained strong at 85%, showcasing the robust demand and profitability of its IoT solutions.

Cybersecurity Division Growth

The Cybersecurity division of BlackBerry Ltd reported a revenue of $92 million for Q4 FY2024, which is a 5% increase compared to the same period last year. Additionally, the division's annual recurring revenue (ARR) increased sequentially by 3% to $280 million, indicating a positive trend in its subscription-based services.

Operating Profit and Loss

For the fourth quarter of fiscal year 2024, BlackBerry Ltd reported a non-GAAP operating profit of $16 million, while the GAAP operating loss stood at $56 million. This disparity highlights the adjustments made for non-GAAP measures, which exclude certain expenses and provide a different perspective on the company's profitability.

Cash Flow and Investments

BlackBerry Ltd significantly improved its operating cash usage in Q4 FY2024, with a 52% sequential decrease to $15 million. The company ended the quarter with total cash, cash equivalents, short-term, and long-term investments amounting to $298 million, reflecting a strong liquidity position.

Summarized from source with an LLMView Source

Key figures

-55.0%1Y

-74.5%3Y

-67.4%5Y

Performance

69.9%1Y

57.8%3Y

70.7%5Y

Volatility