BlackBerry BB stock is plunging Friday after reporting an upbeat second-quarter print Thursday.BlackBerry reported revenue of $145.00 million, beating the analyst consensus estimates of $141.42 million. IoT revenue increased by 12% to $55 million, up. Cybersecurity revenue grew by 10% to $87 million. Licensing revenue was $3 million.Also Read: BlackBerry Launches AI-Powered CylanceMDR Pro Cybersecurity For Businesses: DetailsBlackBerry expects third-quarter revenue of $146 million-$154 million and full-year ...

BlackBerry Limited (BB) reported breakeven second-quarter fiscal 2025 earnings, better than the company’s estimate of a loss per share of 2-4 cents. In the year-ago quarter, it reported a non-GAAP loss per share of 4 cents. The Zacks Consensus Estimate was pegged at a loss of 3 cents per share. Strong revenue growth and cost discipline aided the bottom-line performance.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly revenues of $145 million increased 9.9% year over year an ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

The resurgence of the meme stock mania last May had BlackBerry Limited (NYSE: BB ) stock pop over 15% within a day. However, I thought the meme stock mania would be short-lived compared to 2021, as BlackBerryDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans across various sector ...

Financial Data and Key Metrics Changes - BlackBerry's total revenue for Q2 2025 was $145 million, exceeding the upper end of the guidance range of $144 million [20] - Non-GAAP operating loss was $4 million, with adjusted EBITDA reaching break-even, which is $22 million better year-on-year [22] - Cash usage improved by $2 million sequentially to $13 million, which is $43 million better than Q2 last year [22][26] Business Line Data and Key Metrics Changes - The IoT division generated revenue of $55 million, representing 12% year-over-year growth and 4% sequential growth [7] - The Cybersecurity division reported revenue of $87 million, achieving 10% year-over-year growth, driven by UEM, AtHoc, and Secusmart products [13][14] - Cylance revenue experienced a year-over-year decline due to churn in the product-only segment, although managed services saw traction [17][65] Market Data and Key Metrics Changes - The UEM market remains mature with strong competition, but BlackBerry's on-premise deployments are gaining traction, particularly in government and financial services [14] - Annual recurring revenue (ARR) for Cybersecurity remained stable at $279 million, with a dollar-based net retention rate improving by 7 percentage points year-on-year [18] Company Strategy and Development Direction - BlackBerry is focusing on integrating IVY into the QNX team to drive efficiencies and leverage expertise [12][38] - The company is strategically enhancing UEM features to deepen its competitive moat in a mature market [14] - BlackBerry is exploring opportunities in generative AI and cloud environments, positioning itself as a startup tackling new challenges [60][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term trends in the automotive software market, despite delays in development programs [53] - The company is monitoring potential impacts from proposed bans on Chinese auto software and hardware, emphasizing its geographic diversification [50] - Management highlighted the importance of maintaining a balance between operational efficiency and cost reduction during organizational changes [42] Other Important Information - The company appointed Tim Foote as the new CFO, who aims to increase shareholder value and recognizes the underappreciated potential of BlackBerry [20][19] - An upcoming Investor Day on October 16th will provide segmented P&Ls for IoT and Cybersecurity divisions and a deeper dive into capital allocation priorities [67] Q&A Session Summary Question: What magnitude of opportunity does QNX Containers and the HaleyTek integration open up? - Management indicated that QNX Containers are part of the ongoing expansion of the total addressable market, with traction seen in cloud environments [30] Question: Can you elaborate on the EBITDA progression reaching break-even sooner than expected? - Management noted that while Q2 reached break-even, they are being prudent with guidance for the full year, expecting sequential improvements [36] Question: Could you provide an update on the separation process? - Management reported significant progress in separating IT systems and aligning them with business units, while maintaining operational efficiency [41][43] Question: Was the higher mix of licensed revenue a primary driver of the upside? - Management confirmed that both license and hardware contributed to the revenue upside, particularly from German customers during device refresh cycles [47] Question: Any potential impact from the proposed ban on Chinese auto software and hardware? - Management is closely monitoring the situation, noting that BlackBerry is well-diversified geographically [50] Question: What caused the sequential decline in ARR for Cybersecurity? - Management attributed the decline to churn in the Cylance product segment, while UEM and AtHoc showed positive trends [54] Question: Is the improvement in net revenue retention due to better upsell and cross-sell? - Management indicated that the improvement is a combination of upsell successes and some churn in the Cylance segment [56]

Exhibit 99.1 September 26, 2024 FOR IMMEDIATE RELEASE 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 $0.03 • Operating cash usage beats expectations, improving by $2 million sequentially and $43 million year-overyear • Revenue for both IoT and Cybersecurity divisions grows double-digit year-over-year; raises ...

Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.Top ...

BlackBerry Limited (BB) is scheduled to report second-quarter fiscal 2025 results on Sept. 26.The Zacks Consensus Estimate is pegged at a loss of 3 cents per share, unchanged in the past 60 days. The company reported a loss per share of 4 cents in the prior-year quarter.In the last reported quarter, BB’s adjusted loss per share of 3 cents was narrower than the company’s estimate of a loss of 4-6 cents. It reported non-GAAP earnings of 6 cents per share in the year-ago quarter. The Zacks Consensus Estimate w ...

BlackBerry (BB) closed the latest trading day at $2.38, indicating a -1.65% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%.Shares of the cybersecurity software and services company witnessed a gain of 2.11% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.09% and the S&P 500's gain of 2.06%.The investment community will be paying cl ...

Company Performance - BlackBerry's stock closed at $2.42, with a daily increase of +1.68%, underperforming the S&P 500's gain of 1.7% [1] - Over the last month, BlackBerry's shares decreased by 2.06%, while the Computer and Technology sector lost 1.45% and the S&P 500 gained 1.27% [1] - The upcoming earnings report is scheduled for September 26, 2024, with an anticipated EPS of -$0.03, representing a 25% increase compared to the same quarter last year [1] - For the full year, the Zacks Consensus Estimates project an EPS of -$0.05 and revenue of $608 million, indicating changes of -200% and -28.72% from the previous year [1] Analyst Estimates - Recent changes to analyst estimates for BlackBerry reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [2] - The Zacks Rank system, which includes estimate changes, currently ranks BlackBerry at 3 (Hold) [2] - Over the last 30 days, the Zacks Consensus EPS estimate for BlackBerry has remained unchanged [2] Industry Overview - The Computer - Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [3]