In today's market, even the worst performing companies can see their stocks soar at times. It's sometimes hard to find a name that is doing badly on both the business side as well as its equity. One nameI am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in ...

Financial Performance - For the three months ended November 30, 2024, total segment revenue was $391 million, a decrease of 35.5% compared to $606 million for the same period in 2023[60]. - The Company reported a net loss of $19 million for the three months ended November 30, 2024, compared to a net income of $23 million for the same period in 2023[62]. - For the three months ended November 30, 2024, the company's revenue was $143 million, a decrease of 9% compared to $152 million for the same period in 2023[76]. - The net loss for the three months ended November 30, 2024, was $11 million, an improvement from a net loss of $21 million in the prior year, marking a 10% reduction[76]. - The company reported a net loss of $11 million, or $0.02 per share, for the three months ended November 30, 2024, compared to a net loss of $21 million, or $0.04 per share, for the same period in 2023[112]. - The company's revenue for the third quarter of fiscal 2025 was $391 million, a decrease of $215 million compared to $606 million in the same quarter of fiscal 2024[163]. Expenses and Cost Management - Research and development expenses for the three months ended November 30, 2024, were $36 million, down from $44 million in the same period of 2023, reflecting a decrease of 18.2%[60]. - Operating expenses decreased to $93 million from $101 million, representing an 8% reduction year-over-year[76]. - Research and development expenses for the three months were $27 million, down from $29 million, reflecting a 7% decrease[87]. - Total operating expenses for the nine months ended November 30, 2024, were $282 million, down from $342 million for the same period in 2023, a reduction of 17.6%[90]. - Adjusted operating expenses decreased by $9 million year-over-year to $79 million in Q3 fiscal 2025, primarily due to lower salaries and benefits expenses[134]. - General and administrative expenses decreased by $22 million, or 16.5%, in the first nine months of fiscal 2025 compared to the same period in fiscal 2024[180]. Revenue Streams and Growth Expectations - The Company anticipates revenue growth in fiscal 2025, driven by new product launches and market expansion efforts[44]. - BlackBerry IVY, an emerging intelligent vehicle data platform, is expected to enhance automakers' capabilities in accessing and utilizing vehicle sensor data[47]. - The licensing business remains a key component, managing a global patent portfolio that provides competitive advantages[47]. - The recurring software product revenue percentage was approximately 80% for the three months ended November 30, 2024, an increase from approximately 70% for the same period in 2023[97]. - The Company expects Secure Communications revenue to be between $62 million and $66 million in Q4 fiscal 2025[126]. - The company now expects IoT revenue for fiscal 2025 to be between $230 million and $235 million, up from the previous range of $225 million to $235 million[139]. Cash Flow and Financial Position - The company reported a free cash flow of $3 million for the three months ended November 30, 2024, compared to a usage of $33 million in the same period in 2023[93]. - The company had $266 million in cash, cash equivalents, and investments as of November 30, 2024, down from $298 million as of February 29, 2024[112]. - At November 30, 2024, cash and cash equivalents increased by $14 million to $189 million compared to $175 million at February 29, 2024[185]. - Current assets decreased by $53 million to $455 million at November 30, 2024, primarily due to a $31 million decrease in short-term investments[185]. Market and Strategic Initiatives - BlackBerry QNX continues to be a preferred supplier for safety-critical embedded systems, targeting industries such as automotive and medical devices[47]. - The Company expects IoT EBITDA to be in the range of $40 million to $45 million in fiscal 2025, with an EBITDA margin of approximately 18%[132]. - The Company has no intention to update or revise forward-looking statements unless required by applicable law, indicating a stable outlook for its strategic initiatives[44]. - The company is exploring opportunities for the Cylance business as it revisits capital allocation priorities[75]. Performance Metrics - Cybersecurity Annual Recurring Revenue (ARR) reached approximately $281 million as of November 30, 2024, up from $273 million a year earlier, indicating an increase of 2.9%[94]. - The Cybersecurity Dollar-Based Net Retention Rate improved to 90% for the three months ended November 30, 2024, compared to 82% for the same period in 2023, representing an increase of 8%[94]. - Secure Communications Annual Recurring Revenue (ARR) was approximately $215 million as of November 30, 2024, an increase from $199 million as of November 30, 2023[123]. - Cybersecurity Dollar-Based Net Retention Rate (DBNRR) was 90% as of November 30, 2024, up from 82% as of November 30, 2023[124]. - Secure Communications DBNRR was 95% as of November 30, 2024, an increase from 91% as of November 30, 2023[124].

BlackBerry (BB 23.66%) stock is surging in Friday's trading following the company's recent earnings report. The tech specialist's share price was up 22.4% as of 2:15 p.m. ET.After the market closed yesterday, BlackBerry reported earnings for the third quarter of its current fiscal year. The company delivered sales, earnings, and guidance that came in ahead of the market's expectations, and it saw new rounds of bullish coverage from analysts following the report.BlackBerry beats Wall Street's quarterly targe ...

BlackBerry Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.BlackBerry reported quarterly revenue of $143.00 million, missing the analyst consensus estimate of $161.49 million. The adjusted EPS was $0.02, beating analyst estimates.Also Read: Trump and Netflix Boss Sarandos Set for High-Stakes Mar-a-Lago MeetingBlackBerry expects fourth-quarter revenue of $126.00 million – $135.00 million, versus estimates of $150.08 million. It expects adj ...

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 ...

Share Capital Reduction by Cancellation of Treasury Shares Clichy, France – December 20, 2024 - As part of the share buyback program announced by the Company on February 19, 2024, and implemented with the authorization of the General Meeting of May 29, 2024, the Company has acquired 649,527 shares from February 19, 2024, to December 2nd, 2024, for a total of €40 million. The Board of Directors met on December 11, 2024, and decided to reduce the Company’s share capital by cancelling 649,527 treasury shares w ...

BlackBerry Limited (BB) reported the third quarter of fiscal 2025 non-GAAP earnings per share (EPS) of 2 cents. The figure was better than the company’s estimate of a loss of 1 cent to EPS of 1 cent. In the year-ago quarter, it reported a non-GAAP EPS of 1 cent. The Zacks Consensus Estimate was pegged at a loss of 2 cents per share. Cost discipline aided the bottom-line performance.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly revenues (including Cylance business, reclas ...

Financial Data and Key Metrics - The company achieved positive EBITDA and EPS in Q3, marking a return to profitability for the first time since Q3 FY2022 [11] - Operating cash flow improved by $136 million year-to-date (Q1-Q3) compared to the previous year [11] - Total revenue for Q3 was $162 million, exceeding the upper end of the guidance range [28] - Gross margins improved to 74% sequentially and year-over-year [28] - Positive operating and free cash flow of $3 million was achieved, one quarter ahead of schedule [33] Business Line Performance IoT Division - IoT revenue was $62 million, 13% year-over-year and sequential growth, driven by royalties and development seat licenses [13][14] - Key design wins included a German luxury automaker and a major Asian auto OEM for QNX hypervisor and operating system [15] - QNX SDP 8.0 gained traction with over 10 silicon vendors committing to support it [16] - IoT EBITDA was $18 million, a 38% sequential increase, with gross margins expanding to 85% [29][30] Cybersecurity Division - Cybersecurity revenue was $93 million, exceeding guidance, with 7% sequential growth (10% for Secure Communications) [21] - Secure Communications ARR increased by 3% sequentially and 8% year-over-year to $215 million [25] - Cybersecurity EBITDA was $8 million, with Secure Communications EBITDA at $22 million (30% margin) [30] - Dollar-based net retention rate (DBNRR) for Secure Communications was 95% [26] Licensing Division - Licensing revenue was $7 million, slightly above guidance, with gross margins at 71% [27][31] - EBITDA for Licensing was $6 million [31] Market Performance - Automotive sector led IoT growth, with strong performance in digital cockpit and ADAS [14] - Industrial automation, medical, and rail verticals showed progress, with new logos like Universal Signaling and Progress Rail [18] - Secure Communications saw strong renewals in government and financial sectors, including KfW, Scottish Police, and Johns Hopkins University [22][23] Strategic Direction and Industry Competition - The sale of Cylance to Arctic Wolf is expected to strengthen the balance sheet and align with the company's strategic direction [12][13] - Focus on IoT growth, particularly QNX, with increased R&D and sales investments [47] - Secure Communications is positioned as a stable business, with growth opportunities in AtHoc and Secusmart [80][84] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's pivot to profitability and positive cash flow as a significant milestone [11][39] - The sale of Cylance is seen as a transformational move to address financial challenges and focus on core growth areas [12][13] - The company expects Q4 revenue for Secure Communications to be $62-$66 million and IoT revenue to be $60-$65 million [35] - Adjusted EBITDA for Q4 is projected to be $10-$20 million, with full-year EBITDA expected to be $60-$70 million [36] Other Important Information - The company will participate in CES 2025, showcasing QNX developments in automotive and other industries [91] - FedRAMP high certification for AtHoc is expected to strengthen the company's competitive position in the U.S. federal market [72][73] Q&A Session Summary Question: Segment EBITDA and guidance adjustments [43] - The segmented EBITDA results are pre-corporate overhead, with corporate costs around $9 million in Q3 [51] - The sequential step down in EBITDA is due to a shift in revenue mix, with higher-margin Secusmart licenses in Q3 and more hardware components expected in Q4 [45][46] Question: Capital allocation post-Cylance sale [55] - The company plans to strengthen the balance sheet and invest in IoT growth, with potential for small tuck-in M&A and share buybacks [57][59] Question: QNX revenue mix and outlook [61] - QNX revenue mix is approximately 20% development, 20% services, and 60% royalties, with fluctuations in development seat licenses [62] - The company expects an uptick in development seat revenue as OEMs address design challenges [64] Question: Secure Communications DBNR and performance [66] - Secure Communications DBNR improved to 95%, driven by strong renewals and expansions in government and financial sectors [67] - The segment is expected to stabilize further post-Cylance sale [69] Question: FedRAMP high certification for AtHoc [70] - The certification process is nearing completion, with potential to strengthen the company's position in the federal market and open new opportunities [72][73] Question: Secure Comms ARR growth and Q4 guidance [76] - Secure Comms ARR has been trending up, with an 8% year-over-year increase in Q3 [77] - Q4 guidance reflects a stable business, with growth opportunities in Secusmart's software-based model [80][84] Question: IoT royalty strength and macro backdrop [86] - IoT growth is driven by content per vehicle rather than vehicle production volume, making it less dependent on macroeconomic conditions [87] Question: Tax losses from Cylance [88] - The company retains significant tax losses, providing a shelter for future U.S. profits [89]

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 ...