Financial Performance - Total company revenue for Q3 FY2025 was $162 million, with a gross margin of 74%[4] - Revenue for the three months ended November 30, 2024, was $143 million, an increase from $125 million for the same period last year, representing a growth of 14.4%[19] - Total revenue for the three months ended November 30, 2024, was $143 million, a decrease of 5.9% compared to $152 million for the same period in 2023[28] - Cybersecurity revenue from continuing and discontinued operations for the three months ended November 30, 2024, was $93 million, down from $114 million in the same period last year[28] Profitability Metrics - Non-GAAP net income was $12 million, while GAAP net loss was $11 million; non-GAAP basic EPS improved to $0.02[5] - Operating income for the three months ended November 30, 2024, was $19 million, up from $18 million in the same period last year[19] - Net loss for the three months ended November 30, 2024, was $(11) million, an improvement from a net loss of $(19) million in the prior year[19] - Adjusted net income for the three months ended November 30, 2024, was $12 million, or $0.02 per share, compared to $3 million, or $0.01 per share, in the same period last year[29] Cash Flow and Investments - Total cash and investments rose by $1 million sequentially to $266 million, with operating cash flow improving by $34 million year-over-year to $3 million[6] - Cash and cash equivalents as of November 30, 2024, were $189 million, an increase from $175 million as of February 29, 2024[21] - The company experienced a net cash used in operating activities of $(25) million for the nine months ended November 30, 2024, compared to a net cash provided of $12 million in the prior year[23] - Free cash flow for the three months ended November 30, 2024, was $3 million, a significant improvement from $(33) million in the same period of 2023[34] Segment Performance - IoT revenue grew 13% sequentially to $62 million, with an adjusted EBITDA increase of 38% to $18 million[5] - Cybersecurity revenue increased 7% sequentially to $93 million, with a gross margin improvement of 12 percentage points to 67%[5] - Cybersecurity ARR increased by 1% sequentially to $281 million, with DBNRR rising to 90%[5] - Secure Communications revenue for the three months ended November 30, 2024, was $74 million, a decrease from $91 million in the same period in 2023[28] Guidance and Projections - Guidance for Q4 FY2025 projects total revenue between $126 million and $135 million, and full fiscal year revenue between $517 million and $526 million[8] - IoT segment EBITDA for Q4 FY2025 is expected to be between $8 million and $10 million, while total company adjusted EBITDA is projected to be between $10 million and $20 million[8] Research and Development - Research and development expenses for the three months ended November 30, 2024, were $27 million, compared to $29 million in the prior year[19] - Adjusted research and development expense for the three months ended November 30, 2024, was $26 million, down from $27 million in the same period of 2023[30] Operational Metrics - Operating expenses for the three months ended November 30, 2024, were $93 million, down from $101 million in the same period last year[29] - Segment EBITDA for the three months ended November 30, 2024, was $46 million, a decrease from $47 million in the same period in 2023[26] - Adjusted EBITDA from continuing and discontinued operations for the three months ended November 30, 2024, was $23 million, compared to $18 million in the prior year[31] Asset and Liability Overview - Total assets as of November 30, 2024, were $1,309 million, down from $1,395 million as of February 29, 2024[21] - Total liabilities as of November 30, 2024, were $584 million, a decrease from $619 million as of February 29, 2024[21]

Remuneration of Executive Corporate Officers In accordance with Article L.22-10-13 of the French Commercial Code and the recommendation 26-1 of the AFEP-MEDEF Code of Corporate Governance Clichy, France – December 17, 2024 – In its meeting of December 11, 2024, chaired by Nikos Koumettis, the Board of Directors of SOCIÉTÉ BIC, upon the joint recommendations of the Remuneration Committee and Nominations, Governance and CSR Committees, decided the following in relation to the remuneration to be paid to Gonz ...

BlackBerry Limited (BB) recently inked a definitive agreement to sell its Cylance endpoint security assets to Arctic Wolf. Following the divesture announcement, BB’s shares jumped 15% and closed the trading session at $3.1 on Dec. 16.Cylance, an artificial intelligence (AI)-driven endpoint security pioneer, is renowned for its advanced prevention technology, which safeguards thousands of organizations worldwide. Arctic Wolf, which specializes in AI-powered security operations, aims to integrate Cylance's ad ...

Shares of one-time smartphone leader BlackBerry (BB 12.83%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.With its smartphone business out of the picture, BlackBerry has morphed into a specialist in software for cyber and Internet of Things (IoT) applications. It's the former business that interests Arctic Wolf, which will pay effectively $160 million to acquire it. The dealArc ...

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018. Under the terms of the deal, which is expected to close in BlackBerry’s fiscal Q4, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million in cash. BlackBerry will get ~$80 million at closing and the rest of the tranche a year later, along with roughly 5.5 million common shares in Arctic Wolf. “We ...

BlackBerry Limited (BB) is scheduled to report third-quarter fiscal 2025 results on Dec. 19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate is pegged at a loss of 2 cents per share, unchanged in the past 60 days. The company reported earnings per share of 1 cent in the prior-year quarter.The company’s earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise of 131.25%.Factors at Play ...

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to end the year, consider joining Out Fox The Street .Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and dir ...

Group 1 - BlackBerry's stock closed at $2.76, reflecting a -0.72% change, underperforming compared to the S&P 500's -0.54% loss, the Dow's -0.53%, and the Nasdaq's -0.66% [1] - Over the last month, BlackBerry's shares increased by 13.93%, outperforming the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% [1] Group 2 - BlackBerry's upcoming earnings report is scheduled for December 19, 2024, with an anticipated EPS of -$0.02, indicating a 300% decline from the same quarter last year [2] - For the entire fiscal year, Zacks Consensus Estimates project an EPS of -$0.02 and revenue of $603 million, representing changes of -140% and -29.31% from the prior year [3] Group 3 - Recent changes in analyst estimates for BlackBerry are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which evaluates estimated changes, currently ranks BlackBerry at 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [6] Group 4 - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

The most recent trading session ended with BlackBerry (BB) standing at $2.56, reflecting a -0.39% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq gained 0.97%.The cybersecurity software and services company's stock has climbed by 13.22% in the past month, exceeding the Computer and Technology sector's gain of 0.06% and the S&P 500's gain of 3.51%.The investment community will be paying close a ...

Stock Performance - BlackBerry's stock closed at $2 35, reflecting a -1 67% decline from the previous trading day [1] - The stock underperformed the S&P 500, which gained 0 4%, while the Dow fell 0 28% and the Nasdaq rose 1 04% [1] - Over the past month, BlackBerry's shares depreciated by 7 36%, underperforming the Computer and Technology sector's gain of 0 18% and the S&P 500's gain of 0 62% [2] Earnings and Revenue Projections - BlackBerry is projected to report earnings of -$0 02 per share on December 19, 2024, representing a year-over-year decline of 300% [3] - Full-year Zacks Consensus Estimates predict earnings of -$0 02 per share and revenue of $603 million, reflecting year-over-year changes of -140% and -29 31%, respectively [4] Analyst Estimates and Zacks Rank - Recent modifications to analyst estimates for BlackBerry reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [4] - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with no change in the Zacks Consensus EPS estimate over the past month [6] - The Zacks Rank system has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [6] Industry Overview - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, according to Zacks Industry Rank research [7]