Group 1 - Proactive is a financial news and online broadcast organization that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth, focusing on medium and small-cap markets as well as blue-chip companies and broader investment stories [2] - Proactive covers various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [2] Group 2 - The company utilizes technology to enhance workflows and has a team of experienced content creators [2] - Proactive employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [3]

WATERLOO, ON, July 29, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced a series of leadership changes designed to streamline its finance organization as it executes on its strategy to establish two distinct divisions (Cybersecurity and IoT).Tim Foote has been appointed as the Company's Chief Financial Officer, effective today.  Foote will report to BlackBerry CEO, John J. Giamatteo.Tim Foote, BlackBerry Chief Financial OfficerFoote joined the Company following BlackBerry's acquis ...

Core Viewpoint - BlackBerry's recent earnings report shows a mixed performance, with a narrower loss per share than expected, but a significant decline in revenue compared to the previous year. The company is navigating challenges in its Cybersecurity and IoT segments while maintaining a cautious outlook for the upcoming quarters [2][3][4]. Financial Performance - BlackBerry reported an adjusted loss per share of 3 cents for Q1 fiscal 2025, better than the expected loss of 4-6 cents and the prior year's earnings of 6 cents per share [2]. - Quarterly revenues were $144 million, down from $373 million year-over-year, but above the company's guidance of $130-$138 million [2]. - The Cybersecurity business generated $85 million in revenue, an 8.6% decline year-over-year, but exceeded guidance [4]. - IoT business revenues totaled $53 million, an 18% increase year-over-year, surpassing the projected range [4]. Revenue Breakdown - Software product revenues accounted for 85% of total revenues, while professional services contributed 15% [2]. - For the upcoming quarter, Cybersecurity revenues are expected to be between $82-$86 million, and IoT revenues are projected at $50-$54 million [3]. Gross Profit and Margins - Gross profit decreased by 46.4% year-over-year to $96 million, but gross margin improved to 66.7% from 48% in the prior-year quarter [6]. - Non-GAAP gross margin was reported at 67.4%, up from 48.3% year-over-year [6]. Operating Expenses and Cash Flow - Total non-GAAP operating expenses were $109 million, down 24.8%, with an adjusted operating loss of $12 million compared to an income of $35 million a year ago [7]. - The company used $15 million of net cash in operating activities for the quarter, a significant decrease from $99 million generated in the prior-year quarter [8]. Future Outlook - BlackBerry maintains its fiscal 2025 revenue projection in the range of $586-$616 million, with Cybersecurity revenues estimated at $350-$365 million and IoT revenues at $220-$235 million [3]. - The company has a Zacks Rank 3 (Hold), indicating an expectation of an in-line return from the stock in the coming months [10].

The Internet of Things (IoT) refers to connected technology and devices that can communication between themselves and the cloud. An example is a smart home device communicating to a home’s thermostat to adjust the temperature. Another could be a stove preheating itself before one arrives home from work.IoT is expected to assist with being more energy efficient, optimizing supply chains and better managing inventory levels. The advent of artificial intelligence (AI) is expected to accelerate and advance the ...

BlackBerry Limited (BB) division, QNX, recently strengthened its software portfolio by unveiling cutting-edge QNX Containers. The move represents a significant advancement in container technology for QNX-based devices.QNX Containers facilitate the functioning and management of container technology on QNX-based devices. They offer a standards-based environment that harnesses the power of containerization while upholding the safety, security and reliability of the QNX microkernel model.The state-of-the-art co ...

BlackBerry Limited (BB) recently introduced a managed detection and response (MDR) service called CylanceMDR built on an Open XDR platform powered by AI. It is an expansive platform ecosystem supported by CylanceAI, which is renowned for being one of the longest-running and continuously enhancing predictive AI in the market.CylanceMDR Pro, a comprehensive solution for organizations, is designed to boost cybersecurity defenses. Blackberry noted that this single-platform solution is easily implemented and con ...

Core Insights - QNX, a division of BlackBerry Limited, has launched QNX® Containers, enhancing its software portfolio to support OS virtualization and containerization on QNX-based devices [1][2] Group 1: Product Features - QNX Containers provide a standards-based environment for deploying, executing, and managing container technology, ensuring safety, security, and reliability through the QNX microkernel architecture [2][3] - The containers allow for restrictions on various features such as networking, filesystems, and device access, providing secure and isolated embedded containers while maintaining high performance and real-time capabilities of QNX® OS 8 [2] - QNX Containers can coexist with the QNX® Hypervisor, enabling simultaneous use of virtual machines and containers [2] Group 2: Market Position and Strategy - Development teams can integrate containerization into their strategy without compromising on their choice of RTOS, as QNX Containers offer a standards-based way to package applications and dependencies [3] - The product is compliant with Open Container Initiative (OCI) standards and supports Kubernetes toolchains and Docker repositories, built according to ISO 21434 security processes for functional safety certification [3] Group 3: Future Outlook - QNX Containers are expected to be available in Q4 2024, with ongoing collaborations with customers to leverage the new technology [4] - The company aims to enable customers to build safe, secure, and reliable systems at scale, from cloud to device and across various performance platforms [4] Group 4: Company Overview - BlackBerry provides intelligent security software and services globally, powering over 235 million vehicles and focusing on cybersecurity, safety, and data privacy [5] - The company leverages AI and machine learning to deliver innovative solutions and is a leader in endpoint security management and embedded systems [5]

Unified approach to predictive cyber-defense with simple pricing, increases visibility and boosts security posture, without changing existing software stack WATERLOO, ON, July 17, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced the launch of CylanceMDR™ Pro, a cutting-edge managed detection and response (MDR) service built on an Open XDR platform powered by AI. Designed to tackle the growing challenges of modern cybersecurity, CylanceMDR Pro overcomes the operational burden facin ...

While it is true that technology stocks are leading the market higher, not every tech stock is a winner. As the Nasdaq index continues to hit record highs, many of its components are slumping badly and underperforming. The reality is that for every winner like Nvidia (NASDAQ:NVDA) stock, there are dozens of losers dragging down investor portfolios.The situation seems to have gotten worse following a string of recent earnings reports by tech companies. Shares of several notable names are sliding lower after ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 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 specifi ...