View Future GrowthBlackBerry 과거 순이익 실적과거 기준 점검 5/6BlackBerry은 연평균 55.2%의 비율로 수입이 증가해 온 반면, Software 산업은 수입이 17.1% 증가했습니다. 매출은 연평균 8.7%의 비율로 감소했습니다. BlackBerry의 자기자본이익률은 8%이고 순이익률은 10.3%입니다.핵심 정보55.23%순이익 성장률55.73%주당순이익(EPS) 성장률Software 산업 성장률8.18%매출 성장률-8.66%자기자본이익률7.97%순이익률10.31%다음 순이익 업데이트24 Sep 2026최근 과거 실적 업데이트Reported Earnings • Jun 25First quarter 2027 earnings released: EPS: US$0.014 (vs US$0.003 in 1Q 2026)First quarter 2027 results: EPS: US$0.014 (up from US$0.003 in 1Q 2026). Revenue: US$152.9m (up 26% from 1Q 2026). Net income: US$8.50m (up 347% from 1Q 2026). Profit margin: 5.6% (up from 1.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 09Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: US$0.09 (up from US$0.014 loss in FY 2025). Revenue: US$549.1m (up 2.7% from FY 2025). Net income: US$53.2m (up US$61.7m from FY 2025). Profit margin: 9.7% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Dec 20Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: US$0.023 (up from US$0.02 in 3Q 2025). Revenue: US$141.8m (flat on 3Q 2025). Net income: US$13.7m (up 14% from 3Q 2025). Profit margin: 9.7% (up from 8.4% in 3Q 2025). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Dec 05+ 3 more updatesBlackBerry Limited to Report Q4, 2027 Results on Apr 08, 2027BlackBerry Limited announced that they will report Q4, 2027 results on Apr 08, 2027Reported Earnings • Jun 25First quarter 2026 earnings released: EPS: US$0.003 (vs US$0.071 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.003 (up from US$0.071 loss in 1Q 2025). Revenue: US$121.7m (down 16% from 1Q 2025). Net income: US$1.90m (up US$43.9m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.014 loss per share (improved from US$0.22 loss in FY 2024). Revenue: US$534.9m (down 37% from FY 2024). Net loss: US$8.50m (loss narrowed 94% from FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updates내러티브 업데이트 • Jun 26BB: QNX And Secure Communications Momentum Will Struggle To Justify Current PremiumBlackBerry's implied fair value has moved from CA$5.68 to CA$10.22 as analysts lift price targets into a CA$9.50 to CA$12.00 range. They cite stronger profitability, higher assumed revenue growth and margins, and a richer future P/E multiple supported by QNX and secure communications momentum.Reported Earnings • Jun 25First quarter 2027 earnings released: EPS: US$0.014 (vs US$0.003 in 1Q 2026)First quarter 2027 results: EPS: US$0.014 (up from US$0.003 in 1Q 2026). Revenue: US$152.9m (up 26% from 1Q 2026). Net income: US$8.50m (up 347% from 1Q 2026). Profit margin: 5.6% (up from 1.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.새로운 내러티브 • Jun 25Rising Operating Costs And Slower Design Wins Will Pressure Long Term ProspectsCatalysts About BlackBerry BlackBerry provides software for safety critical operating systems, secure communications and licensing, with a focus on QNX and mission critical government and industrial customers. What are the underlying business or industry changes driving this perspective?속보 • Jun 24BlackBerry Reports Record QNX Growth With New Partnerships in Automotive, Robotics and CybersecurityBlackBerry reported record revenue and a record royalty backlog in its QNX automotive AI software business, which is now embedded in more than 275 million vehicles, while extending QNX into robotics, industrial automation and medical devices through partnerships with NVIDIA, AWS, Arm, Qualcomm and a win with Johnson & Johnson for AI-driven medical instrumentation. The company also upgraded its Unified Endpoint Management platform with AI-assisted operations, expanded macOS support, post-quantum cryptography and secured certification from Germany's Federal Office for Information Security, reinforcing its focus on cybersecurity and secure communications for governments and regulated sectors. BlackBerry shares trade around CA$12.54, with the stock up about 176.2% over the past 90 days, reflecting strong recent momentum as the market weighs its software-led turnaround and growing IoT and security exposure. Taken together, QNX’s wider use in cars and new embedded markets, along with deeper cybersecurity capabilities, points to a business more tied to long-cycle software royalties and mission-critical security. Execution in these newer segments remains a key risk to monitor.분석 기사 • Jun 16BlackBerry (TSX:BB) Stock Could Be 20% Undervalued After QNX Growth Draws Fresh AttentionBlackBerry (TSX:BB) has been back in the spotlight after Jim Cramer highlighted the stock on Mad Money, pointing to its automotive technology and the expansion of QNX into industrial and medical markets as reasons for renewed investor interest. See our latest analysis for BlackBerry. That attention has coincided with a sharp shift in market sentiment, with BlackBerry’s 30 day share price return of 52.59% and 90 day share price return of 184.43% standing out against a 1 year total shareholder...속보 • Jun 12BlackBerry Extends Rally With FedRAMP Win QNX Growth and Buyback Renewal Fueling MomentumBlackBerry secured 2026 FedRAMP Class D (High) re-certification for its AtHoc secure communications platform, keeping its status as the only Critical Event Management cloud provider at the U.S. government’s highest security level for sensitive unclassified data. The company reported record QNX revenues with a royalty backlog above US$900m and highlighted QNX’s role in over 275 million vehicles, while outlining plans for roughly 15% revenue growth in the QNX segment for fiscal 2027 and higher product investment. Management renewed and extended its share buyback authorization through 2027, and the stock has seen sharp rallies, including a 66% move in 8 days that was linked to WallStreetBets momentum and strong retail trading interest. Taken together, BlackBerry is leaning into secure communications and embedded software, with QNX and AtHoc at the center of its pitch, while using buybacks to signal confidence in the software-focused turnaround. At the same time, heavy social media-driven trading and a high valuation leave the stock exposed to swings that may not always track day-to-day business fundamentals, so investors need to be comfortable with elevated volatility.속보 • Jun 05BlackBerry Eyes Growth With QNX Software Expansion and Major Government Security WinsBlackBerry’s QNX embedded operating system is now used in safety and digital cockpit systems in more than 275 million vehicles, supported by a royalty backlog close to US$950m and further exposure to robotics, industrial IoT, medical devices and other physical AI uses. The company has secured FedRAMP Class D (High) re-certification for its AtHoc secure communications platform through 2026, reinforcing its role with U.S. federal agencies and critical infrastructure clients, and reports that AtHoc is trusted by 80% of U.S. federal agencies. Management has renewed a normal course issuer bid that allows repurchases of up to 26.8 million shares through May 2027, and has highlighted an expectation of about 15% revenue growth in the QNX division for fiscal 2027, while some analysts point to execution and valuation risks despite recent share price strength. The combination of a large QNX backlog, U.S. government-grade security credentials and ongoing share buybacks presents a company that is leaning into software, AI and secure communications as core drivers. Investors may want to weigh that growth focus and management confidence against the risks related to delivering on the QNX pipeline, maintaining government certifications and the possibility that recent share price gains already reflect high expectations.새로운 내러티브 • May 26Accidental transformation from Phones to Physical AI. The Funeral That Never Happened Everyone had already written the obituary. BlackBerry, once worth $83 billion, once the phone that presidents carried, was supposed to be dead.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$8.80, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 15x in the Software industry in Canada. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$6.49 per share.Buy Or Sell Opportunity • May 06Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 77% to CA$8.18. The fair value is estimated to be CA$6.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 119% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$5.65, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 9x in the Software industry in Canada. Total loss to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$6.33 per share.New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 09Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: US$0.09 (up from US$0.014 loss in FY 2025). Revenue: US$549.1m (up 2.7% from FY 2025). Net income: US$53.2m (up US$61.7m from FY 2025). Profit margin: 9.7% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Apr 08BlackBerry Limited, Annual General Meeting, Jun 25, 2026BlackBerry Limited, Annual General Meeting, Jun 25, 2026.Buy Or Sell Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to CA$4.84. The fair value is estimated to be CA$6.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.Buy Or Sell Opportunity • Mar 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to CA$4.67. The fair value is estimated to be CA$5.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to CA$4.85. The fair value is estimated to be CA$6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.Reported Earnings • Dec 20Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: US$0.023 (up from US$0.02 in 3Q 2025). Revenue: US$141.8m (flat on 3Q 2025). Net income: US$13.7m (up 14% from 3Q 2025). Profit margin: 9.7% (up from 8.4% in 3Q 2025). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Dec 05+ 3 more updatesBlackBerry Limited to Report Q4, 2027 Results on Apr 08, 2027BlackBerry Limited announced that they will report Q4, 2027 results on Apr 08, 2027공시 • Nov 18BlackBerry Limited Announces President Changes at its QNX DivisionBlackBerry Limited announced the appointment of John Wall as President of its QNX division, effective immediately 17 November 2025. Wall will report to BlackBerry CEO, John J. Giamatteo. Wall, widely recognized as a leading authority in embedded software, has been an integral member of the QNX team since joining in 1993. He has held roles of escalating seniority within the organization, including in product engineering, service delivery and sales, and most recently served as the division's Chief Operating Officer. Wall has overseen the planning, design and development of QNX's product portfolio and played a key role in driving its significant growth in automotive and general embedded systems. Wall holds a Bachelor of Engineering degree from Carleton University. Wall will succeed Mattias Eriksson, who has decided to pursue other opportunities outside of BlackBerry. Eriksson will remain as an advisor to the company until December 31, 2025 to ensure a smooth transition.Major Estimate Revision • Oct 02Consensus EPS estimates increase by 42%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$519.7m to US$526.3m. EPS estimate increased from US$0.06 to US$0.085 per share. Net income forecast to grow 219% next year vs 25% growth forecast for Software industry in Canada. Consensus price target of CA$5.61 unchanged from last update. Share price rose 12% to CA$6.67 over the past week.Recent Insider Transactions • Oct 01Insider recently sold CA$201k worth of stockOn the 28th of September, Philip Kurtz sold around 29k shares on-market at roughly CA$6.90 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$224k more than they bought in the last 12 months.공시 • Sep 25+ 1 more updateBlackberry Limited Provides Earnings Guidance for Third Quarter Ending November 30, 2025 and the Full Year Ending February 28, 2026BlackBerry Limited provided earnings guidance for third quarter ending November 30, 2025 and the full year ending February 28, 2026. For the quarter, the company expects Total BlackBerry revenue of $132 million to $140 million. QNX revenue of $66 million to $70 million. Secure Communications revenue of $60 million to $64 million. For the year, the company expects Total BlackBerry revenue of $519 million to $541 million. QNX revenue of $256million to $270 million. Secure Communications revenue of $239 million to $247 million.Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Barry Mainz was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Jul 02Now 20% undervaluedOver the last 90 days, the stock has risen 30% to CA$5.75. The fair value is estimated to be CA$7.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 102% in 2 years. Earnings are forecast to grow by 542% in the next 2 years.Reported Earnings • Jun 25First quarter 2026 earnings released: EPS: US$0.003 (vs US$0.071 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.003 (up from US$0.071 loss in 1Q 2025). Revenue: US$121.7m (down 16% from 1Q 2025). Net income: US$1.90m (up US$43.9m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CA$5.51. The fair value is estimated to be CA$6.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Meanwhile, the company became loss making.공시 • Apr 09BlackBerry Limited, Annual General Meeting, Jun 25, 2025BlackBerry Limited, Annual General Meeting, Jun 25, 2025.Reported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.014 loss per share (improved from US$0.22 loss in FY 2024). Revenue: US$534.9m (down 37% from FY 2024). Net loss: US$8.50m (loss narrowed 94% from FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공시 • Mar 19+ 3 more updatesBlackBerry Limited to Report Q1, 2026 Results on Jun 24, 2025BlackBerry Limited announced that they will report Q1, 2026 results on Jun 24, 2025공시 • Mar 08BlackBerry Limited Announces Step Down of Marjorie Dickman as Chief Government Affairs and Public Policy OfficerOn February 28, 2025, Marjorie Dickman stepped down from her position as Chief Government Affairs and Public Policy Officer of BlackBerry Limited to pursue corporate board and other opportunities. Ms. Dickman will remain with the Company as Special Advisor to the Chief Executive Officer until May 31, 2025. Ms. Dickman’s departure is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices.공시 • Feb 04Arctic Wolf Networks, Inc. completed the acquisition of Cylance assets from BlackBerry Limited.Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited on December 15, 2024. Under the terms of the agreement, Arctic Wolf will acquire the Company’s Cylance® endpoint security assets for a purchase price consisting of $160 million of cash, subject to certain purchase price adjustments set forth in the Equity and Asset Purchase Agreement (the “Cash Consideration”), and 5.5 million common shares in Arctic Wolf (the “Equity Consideration”). After giving effect to the purchase price adjustments to the Cash Consideration, the Company will receive approximately $80 million of the Cash Consideration and the Equity Consideration at closing of the transaction, and approximately $40 million of the Cash Consideration on the one-year anniversary of closing. In addition, the Equity and Asset Purchase Agreement provides that, on the closing date of the transaction, the Company and Arctic Wolf will enter into (i) a non-exclusive patent license agreement, (ii) a partner agreement pursuant to which the Company will agree to resell certain products and services of Arctic Wolf, and (iii) a strategic customer support agreement, pursuant to which Arctic Wolf will agree to provide certain customer support services to the Company. The proposed transaction is subject to the provision of customary closing deliverables and satisfaction of customary conditions and is expected to close in BlackBerry’s fourth fiscal quarter. Perella Weinberg Partners LP served as exclusive financial adviser to BlackBerry and Chere See and Erik Knudsen of Morrison Foerster LLP served as legal adviser to BlackBerry. Cooley LLP served as legal adviser to Arctic Wolf. Arctic Wolf Networks, Inc. completed the acquisition of Cylance assets from BlackBerry Limited on February 3, 2025.공시 • Jan 18BlackBerry Limited Announces Resignation of Jay Chai as Senior Vice President and Chief Accounting Officer, Effective January 31, 2025On January 15, 2025, Jay Chai resigned as Senior Vice President and Chief Accounting Officer of BlackBerry Limited (the Company"), with effect as of January 31, 2025. Mr. Chai is leaving the Company to pursue other opportunities and his resignation is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices.Recent Insider Transactions Derivative • Jan 07CEO & Director exercised options and sold CA$828k worth of stockOn the 2nd of January, John Giamatteo exercised options to acquire 156k shares at no cost and sold these for an average price of CA$5.31 per share. This trade did not impact their existing holding. For the year to February 2022, John's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, John has owned 206.09k shares directly. Company insiders have collectively sold CA$1.5m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Dec 20Third quarter 2025 earnings released: EPS: US$0.02 (vs US$0.036 loss in 3Q 2024)Third quarter 2025 results: EPS: US$0.02 (up from US$0.036 loss in 3Q 2024). Revenue: US$143.0m (down 18% from 3Q 2024). Net income: US$12.0m (up US$33.0m from 3Q 2024). Profit margin: 8.4% (up from net loss in 3Q 2024). Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Software industry in Canada are expected to grow by 16%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Dec 18Consensus EPS estimates fall by 246%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.13 to -US$0.45 per share. Revenue forecast unchanged at US$597.5m. Software industry in Canada expected to see average net income growth of 42% next year. Consensus price target up from CA$4.03 to CA$4.30. Share price rose 15% to CA$4.56 over the past week.공시 • Dec 17Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited for CAD 160 million.Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited for CAD 160 million on December 16, 2024. Under the terms of the agreement, BlackBerry will sell its Cylance assets to Arctic Wolf for CAD 160 million of cash, subject to certain adjustments, and approximately 5.5 million common shares of Arctic Wolf. After allowing for the purchase price adjustments, BlackBerry will receive approximately CAD 80 million of cash at closing and approximately CAD 40 million of cash one year following the closing. The proposed transaction is subject to customary closing conditions and is expected to close in BlackBerry’s fourth fiscal quarter. Perella Weinberg Partners LP served as exclusive financial adviser to BlackBerry and Chere See and Erik Knudsen of Morrison Foerster LLP served as legal adviser to BlackBerry. Cooley LLP served as legal adviser to Arctic Wolf.공시 • Dec 12BlackBerry Limited and TTTech Auto Launch New MotionWise Scheduling Solution for QNX 8BlackBerry Limited and TTTech Auto announced a solution that addresses the growing complexities automotive developers are facing as the industry doubles down on its push towards Software Defined Vehicles (SDVs). MotionWise Schedule for QNX®? Software Development Platform (SDP) 8.0 accelerates software development for automakers building SDVs and helps to enable the safe, real-time execution of applications running on QNX®? SDP 8.0. As vehicle software becomes increasingly complex while maintaining real-time system properties, the demand for products that enable safety, reliability, and precise timing execution is growing. MotionWise Schedule forQNX SDP 8.0 addresses this need by providing a high-performance runtime environment with deterministic task scheduling. This enables optimized resource utilization and is supported by a correct-by-design tool-suite, significantly reducing design and configuration efforts for the embedded runtime. Simplifying complex integration tasks to speed up GTM: In SDV projects, manual configuration of schedulers can lead to cumbersome cycles of repeated testing and iterations. With each code alteration, new feature addition or software release, the process re-starts, causing delays in production timelines and in tandem, adding to program costs. MotionWise Schedule for Q NX simplifies the daily work of software developers, replacing countless manual processes by generating scheduling solutions in a single automated step. New software applications can be added incrementally without compromising quality, meaning the time to bring new software to market is significantly reduced, drastically cutting the cost of new vehicle projects, where even a few days of production delay is detrimental. QNX and TTTech Auto will demo MotionWise Schedule for QnX at CES Jan. 7 - 10 2025 at the Las Vegas Convention Center. Visit QNX at Booth #4224 in the West Hall, or schedule a meeting with a spokesperson here. MotionWise Schedule for Quebec SDP 8.0 will be available in early 2025. For more information on how BlackBerry QNX's portfolio of embedded software solutions can help accelerate safety-certification, ensure reliability and reduce development time, visit BlackBerry QNX.공시 • Oct 02BlackBerry Limited Appoints Veteran Lisa Bahash to its Board of DirectorsBlackBerry Limited announced that it has appointed automotive OEM and Tier 1 supplier veteran Lisa Bahash to its Board of Directors, effective September 26, 2024. Ms. Bahash is an executive leader with over 30 years of experience in the automotive OEM. She served as Senior Vice President, Automotive and Transportation with Jabil Inc. Prior to Jabil, Ms. Bahash was Group Vice President and General Manager of Johnson Control's Power Solutions business, leading the OEM and technology strategies including advanced energy storage and lithium-ion technologies. She was also President and CEO of Ride Control, LLC (Gabriel), where she accelerated growth and completed a successful sale of the business. Ms. Bahash began her career at Ford Motor Company where she worked for 10 years in a variety of positions. Most recently, she served as Principal and Operating Partner at Architect Equity LLC. Ms. Bahash holds a Master of Engineering Management degree from Wayne State University and a Bachelor of Science degree in Mechanical Engineering from the University of Michigan. She is a member of the Board of Directors at Syrah Resources Ltd., where she serves as Chair of the Remuneration, Nomination and Governance Committee and as a member of the Sustainability Committee. Ms. Bahash is also a former director of Mattr Corp., formerly Shawcor Ltd. In 2015, Ms. Bahash was recognized as one of Automotive News Top 100 Leading Women in the North American Auto Industry. In connection with the appointment of Ms. Bahash, the Board increased the total number of directors to eight, seven of whom are independent directors, including Ms. Bahash.Reported Earnings • Sep 27Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: US$0.032 loss per share (improved from US$0.072 loss in 2Q 2024). Revenue: US$145.0m (up 9.8% from 2Q 2024). Net loss: US$19.0m (loss narrowed 55% from 2Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.공시 • Sep 27Blackberry Limited Provides Earnings Guidance for the Third Quarter Ending November 30, 2024 and the Full Fiscal Year Ending February 28, 2025BlackBerry Limited provided earnings guidance for the third quarter ending November 30, 2024 and the full fiscal year ending February 28, 2025. For the quarter, the company expects Total BlackBerry revenue in the range of $146 million- $154 million. For the full year, the company expects Total BlackBerry revenue in the range $591 million - $616 million.공시 • Sep 04HaleyTek AB and BlackBerry Limited Announce the Launch of Haleytek's Generic Automotive PlatformHaleyTek AB and BlackBerry Limited announced the launch of HaleyTek's Generic Automotive Platform (GAP), a cockpit software platform. GAP provides access to a seamless, agile Android Automotive development environment, accelerating the time-to-market for next-generation infotainment systems. BlackBerry QNX is providing the QNX Hypervisor for Safety and QNX Sound platform for GAP, which will offer OEMs access to two long-awaited enabling technologies for next generation automotive cockpits; Software Defined Audio (SDA) and VirtIO. SDA delivers superior software-based acoustic and audio experiences for consumers, while enabling significant Bill-of-Material (BOM) savings and the ability to generate new subscription revenue through personalized audio software features after the sale of the vehicle. It will also extend the lifecycle of these systems, offering over-the-air (OTA) Android™ and security updates to enable a safe, connected future. With a focus on sustainable innovation, HaleyTek and BlackBerry QNX are dedicated to ensuring that their advanced collaborative platforms not only meet but further enable the next generation of cockpit consolidation and better ecosystem and consumer experiences based on software.공시 • Aug 01BlackBerry Limited Announces Chief Financial Officer ChangesBlackBerry Limited announced Tim Foote has been appointed as the company's Chief Financial Officer, effective 30 July 2024. Foote will report to BlackBerry CEO, John J. Giamatteo. Foote joined the company following BlackBerry's acquisition of Good Technology in 2015 and brings more than 20 years of experience across a number of senior finance leadership positions. While at BlackBerry, Foote's roles have included managing the company's international finance operations, Vice President of Investor Relations and, most recently, CFO for the Cybersecurity division. Foote holds an MBA from Imperial College Business School, London and is a Chartered Accountant. Foote will succeed Steve Rai, who has decided to pursue other opportunities outside of the company. Giamatteo, and the rest of the BlackBerry Board, thank Steve for his contributions to the Company since 2014 and wish him well in his future endeavors. Rai will remain with BlackBerry until September in a consulting role in order to help facilitate a smooth transition.공시 • Jul 31BlackBerry Limited Announces Executive ChangesBlackBerry Limited has appointed Jay Chai as the company's chief accounting officer. Chai has been Vice President and Corporate Controller at BlackBerry since May 2019 and will leverage his deep expertise in financial reporting and operations for this new, expanded role and responsibilities. Fraser Deziel has been promoted to the role of Corporate Controller. Deziel has been with BlackBerry since November 2009 and was most recently Senior Director of Financial Reporting and Treasury.Reported Earnings • Jun 28First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.071 loss per share (further deteriorated from US$0.019 loss in 1Q 2024). Revenue: US$144.0m (down 61% from 1Q 2024). Net loss: US$42.0m (loss widened 282% from 1Q 2024). Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.New Risk • Jun 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • May 14Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to CA$4.73. The fair value is estimated to be CA$3.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 22% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.공시 • May 03Blackberry Introduces Cylance Assistant, the Next Level of Cybersecurity with Generative AI CapabilitiesBlackBerry Limited announced the general availability of Cylance Assistant, a generative AI cybersecurity advisor that will help organizations speed up decision-making and stop more threats faster with fewer resources. Cylance Assistant brings together a set of advanced capabilities that leverage the power of Cylance AI to do more with less. These AI-driven features are built into the Cylance cybersecurity platform. Cylance Assistant provides fast, expert guidance and valuable recommendations to security analysts to enhance your security operations center. It simplifies complex cybersecurity issues by analyzing large quantities of data and combining it with our threat research to deliver recommendations in plain language. It virtually looks over the shoulder of each analyst to evaluate, interpret, and suggest the best course of action in real-time. Unlike competitor offerings, there is no need to step away from your workflow to ask a chatbot what you should do. The Cylance Assistant understands the context and provides expert guidance without asking. The result is quicker investigations and reasonable resolution of security threats. With Cylance AI always available on demand, security analysts can now identify and block a broader range of threats, expedite investigations, and make rapid decisions. The introduction of Cylance AI, the industry's longest-running predictive AI, along with Cylance Assistant, empowers security teams to take complete control of their operations, outmaneuvering sophisticated threat actors who employ adversarial AI and polymorphic malware. Cylance Assistant uses privacy-preserved, responsible AI principles and doesn't share customer data to train models. It is included with CylanceENDPOINT to maximize budget and simplify operations. BlackBerry's Cylance Assistant utilizes Amazon Web Services' (AWS) Generative AI service Amazon Bedrock to help organizations greatly enhance their cyber security operations and achieve better outcomes. Amazon Bedrock provides foundation model choice from leading AI providers via a single API for companies to build and scale generative AI applications.공시 • Apr 06BlackBerry Limited, Annual General Meeting, Jun 25, 2024BlackBerry Limited, Annual General Meeting, Jun 25, 2024.Reported Earnings • Apr 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: US$0.22 loss per share (improved from US$1.27 loss in FY 2023). Revenue: US$853.0m (up 30% from FY 2023). Net loss: US$130.0m (loss narrowed 82% from FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Apr 04+ 1 more updateBlackBerry Limited Provides Earnings Guidance for the First Quarter Ending May 31, 2024 and the Full Fiscal Year Ending February 28, 2025BlackBerry Limited provided earnings guidance for the first quarter ending May 31, 2024 and the full fiscal year ending February 28, 2025. For the first quarter, the company expected total BlackBerry revenue of $130 million to $138 million and expect EPS to be in the range of negative $0.04 to negative $0.06.For the fiscal year, the company expected total BlackBerry revenue of $586 million to $616 million and expected EPS to be in the range of negative $0.02 to negative $0.06.공시 • Mar 21+ 3 more updatesBlackBerry Limited to Report Q2, 2025 Results on Sep 26, 2024BlackBerry Limited announced that they will report Q2, 2025 results on Sep 26, 2024Buy Or Sell Opportunity • Mar 15Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to CA$3.83. The fair value is estimated to be CA$4.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 12% in 2 years. Earnings are forecast to grow by 92% in the next 2 years.공시 • Feb 08Blackberry Limited Announces Board and Committee ChangesBlackBerry Limited announced that it has appointed IoT technology veteran Philip Brace to its board of directors, effective February 8, 2024. Mr. Brace will serve as a member of the Compensation, Nomination and Governance Committee of the Board. Mr. Brace has an extensive background in the IoT, semiconductor, server and storage industries. His roles over the past 3 decades include a wide array of functions, including software, hardware, engineering, marketing, and sales. Most recently, from July 2021 to January 2023, Mr. Brace served as President and CEO of leading Canadian wireless communications designer, Sierra Wireless Inc., where he led the company through operational improvements that increased profits by more than 100% and grew revenue by more than 40%, culminating in a successful acquisition by Semtech Corporation. Prior to this, Mr. Brace served as Executive Vice President at Veritas Technologies, President of Seagate Technology's Cloud Systems and Electronic Solutions, Executive Vice President at LSI Corporation, and General Manager at Intel Corporation. Mr. Brace holds a Bachelor of Applied Science degree in Computer Engineering from the University of Waterloo and a Master's degree in Electrical Engineering from California State University, Sacramento. He has also participated in the Stanford University Directors' Consortium. Mr. Brace is also a member of the Board of Directors at Lantronix Inc. and Inseego Corp. BlackBerry also announced that Prem Watsa has decided to resign from the BlackBerry Board of Directors as of February 15, 2024, in connection with the Company's repayment at maturity of its $150 million principal amount convertible debentures held by affiliates of Fairfax Financial Holdings Limited, of which Mr. Watsa is Chairman and CEO. Mr. Watsa has served as a director of the Company since November 2013 and was a member of the Compensation, Nomination and Governance Committee of the Board of Directors. He also previously served as a director of the Company from January 2012 to August 2013. Following the appointment of Mr. Brace and the resignation of Mr. Watsa, the Board will have 7 members, 6 of whom are independent directors.공시 • Dec 21BlackBerry Limited Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending February 29, 2024BlackBerry Limited provided earnings guidance for the fourth quarter of fiscal year ending February 29, 2024. For the quarter, the company expects total company revenue to be in the range of $150 million - $159 million.공시 • Dec 11+ 2 more updatesBlackBerry Limited to Pursue Full Separation of IoT and Cybersecurity Business UnitsBlackBerry Limited announced that it will separate the IoT and Cybersecurity businesses, and that they will operate as fully standalone divisions. BlackBerry will no longer pursue a subsidiary IPO of the IoT business. Following a reassessment of the previously announced outcome of Project Imperium, the BlackBerry Board has decided to pursue a separation of the IoT and Cybersecurity businesses and establish them as standalone divisions. The Company will no longer pursue a subsidiary initial public offering of its IoT business unit. The process will include the separation and streamlining of BlackBerry's centralized corporate functions into business-unit specific teams, with a view to each division operating independently and on a profitable and cashflow-positive basis going forward. To assist in the separation and right-sizing process, BlackBerry is in the final stages of selecting a consulting firm to bring expertise and additional resources for an independent, ground-up assessment.공시 • Nov 15BlackBerry Limited announced that it expects to receive $150 million in funding from Fairfax Financial Holdings LimitedBlackBerry Limited announced that it has entered into an agreement with certain controlled affiliates of Fairfax Financial Holdings Limited to issue 1.75% extendable convertible unsecured debentures for the gross proceeds of $150,000,000 on November 13, 2023. The Extension Debentures will be convertible into Common Shares at a price of $6.00 per Common Share and will be due on or about February 14, 2024, with an option for the parties to extend the maturity date to on or about May 14, 2024, by mutual agreement. The conversion price represents a premium of approximately 64.8% to the closing price of the Common Shares on the New York Stock Exchange on November 10, 2023, and the Common Shares issuable upon conversion of all of the Extension Debentures would represent approximately 4.3% of the current issued and outstanding Common Shares. The closing of the Transaction is subject to customary conditions, including approval from the Toronto Stock Exchange and the New York Stock Exchange. The Transaction is expected to be completed on or before November 17, 2023. The offer and sale of the Extension Debentures, the Subsidiary Guarantees and the Common Shares issuable upon conversion of the Extension Debentures, if any, will be made to accredited investors in reliance on the exemption from registration under Section 4(a)(2) of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and will not be registered pursuant to the Securities Act or any state securities laws.공시 • Nov 05Blackberry Limited Announces Chief Executive Officer ChangesBlackBerry Limited announced that John Chen, Executive Chair of the Board of Directors will retire from his roles at the Company effective November 4, 2023. Mr. Chen’s retirement is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices. In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer. Mr. Lynch has served as a director of the Company since 2013 and been President of FB Associates, LLC since 2011. Previously, Mr, Lynch served as Chief Technology Officer of Verizon Communications and Verizon Wireless. Mr. Lynch joined the BlackBerry Board in 2013 and serves as a member of its Compensation, Nomination and Governance Committee. He previously served as Executive Vice-President and Chief Technology Officer of Verizon Communications and Verizon Wireless. He is a director of Cohere Technologies and iconectiv and has served as Chairman of Ribbon Communications and as a director of Ruckus Wireless.공시 • Nov 04Blackberry Limited Announces Board ChangesBlackBerry Limited announced that John Chen, Executive Chair of the Board of Directors will retire from his roles at the Company effective November 4, 2023. Mr. Chen’s retirement is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices. In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer. Mr. Lynch has served as a director of the Company since 2013 and been President of FB Associates, LLC since 2011. Previously, Mr, Lynch served as Chief Technology Officer of Verizon Communications and Verizon Wireless. Mr. Lynch joined the BlackBerry Board in 2013 and serves as a member of its Compensation, Nomination and Governance Committee. He previously served as Executive Vice-President and Chief Technology Officer of Verizon Communications and Verizon Wireless. He is a director of Cohere Technologies and iconectiv and has served as Chairman of Ribbon Communications and as a director of Ruckus Wireless.공시 • Oct 17Blackberry Limited Announces Generative AI Powered Cybersecurity AssistantBlackBerry Limited announced its new Generative AI powered assistant for Security Operations Center (SOC) teams. The enterprise-grade solution acts as a SOC Analyst providing Generative AI based cyberthreat analysis and support to enhance CISO operations. It leverages private large language models (LLMs) for greater accuracy and data privacy. The solution, which will be available to BlackBerry's Cylance®? AI customers, predicts customer needs to proactively provide information rather than requiring users to manually ask questions and compresses research hours into seconds. Fully integrated in the Cylance Console, it produces a natural workflow instead of an efficient chatbot experience. Cylance launched as the industry's first AI cybersecurity solution and the industry's first predictive cybersecurity solution. Predictive cybersecurity is a must for emerging cyber risks and seen as the future of cybersecurity. BlackBerry has delivered transformative innovation for almost forty years and continues to set a standard in the technology industry. In the field of AI this is evidenced by the company having more than five times the AI/ML patents than competitors and AI being integrated across the company's product portfolio. Furthermore, BlackBerry earlier this month was one of the first signatories of Canada's voluntary Code of Conduct on the responsible development and management of advanced Generative AI systems.Reported Earnings • Sep 30Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: US$0.072 loss per share (improved from US$0.094 loss in 2Q 2023). Revenue: US$132.0m (down 21% from 2Q 2023). Net loss: US$42.0m (loss narrowed 22% from 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 39%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Sep 29+ 1 more updateBlackBerry Limited Announces Timothy Dattels Decides to Resign from Board of DirectorsBlackBerry Limited announced that Timothy Dattels has decided to resign from the Board of Directors, effective September 28, 2023. Mr. Dattels joined the Board in 2012. He chaired a special committee of the Board through a review of strategic alternatives in 2013 and also served on the Audit and Risk Management Committee from 2013 to 2019.공시 • Sep 08BlackBerry Limited Provides Revenue Guidance for the Second Quarter Fiscal 2024BlackBerry Limited provided revenue guidance for the second quarter fiscal 2024. For the quarter, Total company revenue expected to be approximately $132 million.Major Estimate Revision • Jul 06Consensus revenue estimates increase by 23%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$698.2m to US$859.2m. Forecast losses expected to reduce from -US$0.198 to -US$0.178 per share. Software industry in Canada expected to see average net income growth of 5.4% next year. Consensus price target down from CA$5.95 to CA$5.47. Share price rose 3.2% to CA$6.82 over the past week.Reported Earnings • Jun 29First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.019 loss per share (improved from US$0.31 loss in 1Q 2023). Revenue: US$373.0m (up 122% from 1Q 2023). Net loss: US$11.0m (loss narrowed 94% from 1Q 2023). Revenue exceeded analyst estimates by 134%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • May 19BlackBerry Limited Provides Revenue Guidance for the Fiscal Year 2024BlackBerry Limited provided revenue guidance for the fiscal year 2024. The company expects to report total revenue of $665 million - $700 million for the fiscal year 2024.Major Estimate Revision • Apr 19Consensus EPS estimates upgraded to US$0.20 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.22 to -US$0.197 per share. Revenue forecast steady at US$700.9m. Software industry in Canada expected to see average net income growth of 0.2% next year. Consensus price target of CA$6.04 unchanged from last update. Share price fell 3.6% to CA$5.91 over the past week.Reported Earnings • Apr 02Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$1.27 loss per share (down from US$0.021 profit in FY 2022). Revenue: US$656.0m (down 8.6% from FY 2022). Net loss: US$734.0m (down US$746.0m from profit in FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 08Consensus EPS estimates fall by 133%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$679.3m to US$665.0m. Losses expected to increase from US$0.55 per share to US$1.28. Software industry in Canada expected to see average net income decline 8.0% next year. Consensus price target of CA$6.25 unchanged from last update. Share price fell 4.8% to CA$4.99 over the past week.Buying Opportunity • Mar 07Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CA$6.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to decline by 67% in the next 2 years.Recent Insider Transactions Derivative • Jan 06Insider exercised options and sold CA$141k worth of stockOn the 3rd of January, John Giamatteo exercised options to acquire 30k shares at no cost and sold these for an average price of CA$4.67 per share. This trade did not impact their existing holding. As of today, John currently holds no shares directly. Company insiders have collectively sold CA$4.7m more than they bought, via options and on-market transactions in the last 12 months.공시 • Jan 06+ 1 more updateBlackBerry Limited Showcases BlackBerry IVY on Three Commercially-Available Automotive Platforms At CES 2023BlackBerry Limited announced that BlackBerry IVY™, a cloud-connected automotive AI platform co-developed by BlackBerry and Amazon Web Services (AWS), is now pre-integrated on three commercially-available digital cockpit platforms from leading Tier 1 automotive suppliers Bosch and PATEO, designed to enable automakers to rapidly deploy innovative third party applications that enhance the in-vehicle experience for drivers and passengers alike. The three implementations will be demonstrated at the BlackBerry (LVCC West, #4025) and Amazon (LVCC West, #4001) booths at the 2023 Consumer Electronics Show (CES), marking the first time that BlackBerry IVY has been shown publicly in a vehicle. The BlackBerry IVY solution will be generally available in May 2023, the culmination of two years of comprehensive development efforts and numerous iterations pressure tested with pilot partners and customers. At CES, BlackBerry and AWS will demonstrate several BlackBerry IVY-powered applications deployed on commercial automotive platforms including: Bosch's information domain compute platform within a Jeep Grand Cherokee showing innovative AI-based solutions for predictive maintenance of brake and tire wear, powered by Compredict, as well as secure in-vehicle payments, powered by CarIQ. Visitors will be shown how live vehicle data is abstracted, normalized and processed securely to create machine learning (ML) insights helping to predict the behavior of automotive components before maintenance issues arise and secure authentication of vehicle payment transactions. PATEO's intelligent Digital Cockpit, highlighting an EV battery management solution, powered by Electra Vehicles, which is currently being commercialized in the Chinese market by PATEO. This demo will illustrate how IVY insights help power solutions for battery range and driver profiling, alleviating 'range anxiety.' A virtualized BlackBerry IVY platform solution, powered by AWS Graviton processors, demonstrating how automakers can rapidly develop ML-based automotive solutions for scene detection and cybersecurity use cases.Reported Earnings • Dec 21Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: US$0.007 loss per share (down from US$0.13 profit in 3Q 2022). Revenue: US$169.0m (down 8.2% from 3Q 2022). Net loss: US$4.00m (down 105% from profit in 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Lisa Disbrow was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions Derivative • Nov 09Executive Chairman & CEO exercised options and sold CA$3.3m worth of stockOn the 3rd of November, John Chen exercised options to acquire 555k shares at no cost and sold these for an average price of CA$5.88 per share. This trade did not impact their existing holding. For the year to February 2016, John's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, John's direct individual holding has increased from 9.00m shares to 9.45m. Company insiders have collectively sold CA$4.6m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Sep 28Chief Financial Officer exercised options and sold CA$105k worth of stockOn the 26th of September, Steve Rai exercised options to acquire 15k shares at no cost and sold these for an average price of CA$6.93 per share. This trade did not impact their existing holding. Since September 2021, Steve's direct individual holding has increased from 15.39k shares to 24.50k. Company insiders have collectively sold CA$35m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Sep 24Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 losses forecast to reduce from -US$0.90 to -US$0.77 per share. Revenue forecast steady at US$689.9m. Software industry in Canada expected to see average net income growth of 30% next year. Consensus price target of CA$7.79 unchanged from last update. Share price fell 9.3% to CA$6.89 over the past week.매출 및 비용 세부 내역BlackBerry가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSX:BB 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 May 265806023912228 Feb 265495322711430 Nov 255352123410331 Aug 255372022810231 May 255331022910328 Feb 25535-822910930 Nov 24546-1522611531 Aug 24555-1923311631 May 24510021810429 Feb 24759625512730 Nov 23757-47527314631 Aug 23774-48729716931 May 23861-56434620828 Feb 23526-21526413430 Nov 22690-9533320631 Aug 22705-1732821131 May 22712-10733621528 Feb 227181229721930 Nov 21743-44737122031 Aug 21777-65138421631 May 21861-53038521528 Feb 21893-1,10434221530 Nov 20965-83038022731 Aug 201,014-73243024031 May 20999-75344424529 Feb 201,040-15246625930 Nov 191,013-6046825131 Aug 199723141724031 May 1993811841322928 Feb 199049339021730 Nov 188823239822331 Aug 18882-30240822731 May 18910-32640023528 Feb 1893240540023430 Nov 1798536824123031 Aug 171,04852626224731 May 171,14413528327328 Feb 171,309-1,20631830230 Nov 161,487-1,39729433831 Aug 161,746-1,36931636031 May 161,902-94633338329 Feb 162,160-20865346928 Nov 152,3565851445829 Aug 152,601-1537510양질의 수익: BB는 고품질 수익을 보유하고 있습니다.이익 마진 증가: BB의 현재 순 이익률 (10.3%)은 지난해 (1.9%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BB는 지난 5년 동안 흑자전환하며 연평균 55.2%의 수익 성장을 기록했습니다.성장 가속화: 지난 1년간 BB 의 수익 증가율(504%)은 연간 평균(55.2%)을 초과합니다.수익 대 산업: BB의 지난 1년 수익 증가율(504%)은 Software 업계의 1.6%를 상회했습니다.자기자본이익률높은 ROE: BB의 자본 수익률(8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/29 16:16종가2026/06/26 00:00수익2026/05/31연간 수익2026/02/28데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스BlackBerry Limited는 45명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jim MarroneAccountability Research CorporationRichard KramerArete Research Services LLPRichard TseATB Cormark Historical (Cormark Securities)42명의 분석가 더 보기
Reported Earnings • Jun 25First quarter 2027 earnings released: EPS: US$0.014 (vs US$0.003 in 1Q 2026)First quarter 2027 results: EPS: US$0.014 (up from US$0.003 in 1Q 2026). Revenue: US$152.9m (up 26% from 1Q 2026). Net income: US$8.50m (up 347% from 1Q 2026). Profit margin: 5.6% (up from 1.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 09Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: US$0.09 (up from US$0.014 loss in FY 2025). Revenue: US$549.1m (up 2.7% from FY 2025). Net income: US$53.2m (up US$61.7m from FY 2025). Profit margin: 9.7% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Dec 20Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: US$0.023 (up from US$0.02 in 3Q 2025). Revenue: US$141.8m (flat on 3Q 2025). Net income: US$13.7m (up 14% from 3Q 2025). Profit margin: 9.7% (up from 8.4% in 3Q 2025). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Dec 05+ 3 more updatesBlackBerry Limited to Report Q4, 2027 Results on Apr 08, 2027BlackBerry Limited announced that they will report Q4, 2027 results on Apr 08, 2027
Reported Earnings • Jun 25First quarter 2026 earnings released: EPS: US$0.003 (vs US$0.071 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.003 (up from US$0.071 loss in 1Q 2025). Revenue: US$121.7m (down 16% from 1Q 2025). Net income: US$1.90m (up US$43.9m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.014 loss per share (improved from US$0.22 loss in FY 2024). Revenue: US$534.9m (down 37% from FY 2024). Net loss: US$8.50m (loss narrowed 94% from FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
내러티브 업데이트 • Jun 26BB: QNX And Secure Communications Momentum Will Struggle To Justify Current PremiumBlackBerry's implied fair value has moved from CA$5.68 to CA$10.22 as analysts lift price targets into a CA$9.50 to CA$12.00 range. They cite stronger profitability, higher assumed revenue growth and margins, and a richer future P/E multiple supported by QNX and secure communications momentum.
Reported Earnings • Jun 25First quarter 2027 earnings released: EPS: US$0.014 (vs US$0.003 in 1Q 2026)First quarter 2027 results: EPS: US$0.014 (up from US$0.003 in 1Q 2026). Revenue: US$152.9m (up 26% from 1Q 2026). Net income: US$8.50m (up 347% from 1Q 2026). Profit margin: 5.6% (up from 1.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
새로운 내러티브 • Jun 25Rising Operating Costs And Slower Design Wins Will Pressure Long Term ProspectsCatalysts About BlackBerry BlackBerry provides software for safety critical operating systems, secure communications and licensing, with a focus on QNX and mission critical government and industrial customers. What are the underlying business or industry changes driving this perspective?
속보 • Jun 24BlackBerry Reports Record QNX Growth With New Partnerships in Automotive, Robotics and CybersecurityBlackBerry reported record revenue and a record royalty backlog in its QNX automotive AI software business, which is now embedded in more than 275 million vehicles, while extending QNX into robotics, industrial automation and medical devices through partnerships with NVIDIA, AWS, Arm, Qualcomm and a win with Johnson & Johnson for AI-driven medical instrumentation. The company also upgraded its Unified Endpoint Management platform with AI-assisted operations, expanded macOS support, post-quantum cryptography and secured certification from Germany's Federal Office for Information Security, reinforcing its focus on cybersecurity and secure communications for governments and regulated sectors. BlackBerry shares trade around CA$12.54, with the stock up about 176.2% over the past 90 days, reflecting strong recent momentum as the market weighs its software-led turnaround and growing IoT and security exposure. Taken together, QNX’s wider use in cars and new embedded markets, along with deeper cybersecurity capabilities, points to a business more tied to long-cycle software royalties and mission-critical security. Execution in these newer segments remains a key risk to monitor.
분석 기사 • Jun 16BlackBerry (TSX:BB) Stock Could Be 20% Undervalued After QNX Growth Draws Fresh AttentionBlackBerry (TSX:BB) has been back in the spotlight after Jim Cramer highlighted the stock on Mad Money, pointing to its automotive technology and the expansion of QNX into industrial and medical markets as reasons for renewed investor interest. See our latest analysis for BlackBerry. That attention has coincided with a sharp shift in market sentiment, with BlackBerry’s 30 day share price return of 52.59% and 90 day share price return of 184.43% standing out against a 1 year total shareholder...
속보 • Jun 12BlackBerry Extends Rally With FedRAMP Win QNX Growth and Buyback Renewal Fueling MomentumBlackBerry secured 2026 FedRAMP Class D (High) re-certification for its AtHoc secure communications platform, keeping its status as the only Critical Event Management cloud provider at the U.S. government’s highest security level for sensitive unclassified data. The company reported record QNX revenues with a royalty backlog above US$900m and highlighted QNX’s role in over 275 million vehicles, while outlining plans for roughly 15% revenue growth in the QNX segment for fiscal 2027 and higher product investment. Management renewed and extended its share buyback authorization through 2027, and the stock has seen sharp rallies, including a 66% move in 8 days that was linked to WallStreetBets momentum and strong retail trading interest. Taken together, BlackBerry is leaning into secure communications and embedded software, with QNX and AtHoc at the center of its pitch, while using buybacks to signal confidence in the software-focused turnaround. At the same time, heavy social media-driven trading and a high valuation leave the stock exposed to swings that may not always track day-to-day business fundamentals, so investors need to be comfortable with elevated volatility.
속보 • Jun 05BlackBerry Eyes Growth With QNX Software Expansion and Major Government Security WinsBlackBerry’s QNX embedded operating system is now used in safety and digital cockpit systems in more than 275 million vehicles, supported by a royalty backlog close to US$950m and further exposure to robotics, industrial IoT, medical devices and other physical AI uses. The company has secured FedRAMP Class D (High) re-certification for its AtHoc secure communications platform through 2026, reinforcing its role with U.S. federal agencies and critical infrastructure clients, and reports that AtHoc is trusted by 80% of U.S. federal agencies. Management has renewed a normal course issuer bid that allows repurchases of up to 26.8 million shares through May 2027, and has highlighted an expectation of about 15% revenue growth in the QNX division for fiscal 2027, while some analysts point to execution and valuation risks despite recent share price strength. The combination of a large QNX backlog, U.S. government-grade security credentials and ongoing share buybacks presents a company that is leaning into software, AI and secure communications as core drivers. Investors may want to weigh that growth focus and management confidence against the risks related to delivering on the QNX pipeline, maintaining government certifications and the possibility that recent share price gains already reflect high expectations.
새로운 내러티브 • May 26Accidental transformation from Phones to Physical AI. The Funeral That Never Happened Everyone had already written the obituary. BlackBerry, once worth $83 billion, once the phone that presidents carried, was supposed to be dead.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$8.80, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 15x in the Software industry in Canada. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$6.49 per share.
Buy Or Sell Opportunity • May 06Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 77% to CA$8.18. The fair value is estimated to be CA$6.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 119% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$5.65, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 9x in the Software industry in Canada. Total loss to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$6.33 per share.
New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 09Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: US$0.09 (up from US$0.014 loss in FY 2025). Revenue: US$549.1m (up 2.7% from FY 2025). Net income: US$53.2m (up US$61.7m from FY 2025). Profit margin: 9.7% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Apr 08BlackBerry Limited, Annual General Meeting, Jun 25, 2026BlackBerry Limited, Annual General Meeting, Jun 25, 2026.
Buy Or Sell Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to CA$4.84. The fair value is estimated to be CA$6.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.
Buy Or Sell Opportunity • Mar 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to CA$4.67. The fair value is estimated to be CA$5.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.
Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to CA$4.85. The fair value is estimated to be CA$6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 376% in the next 2 years.
Reported Earnings • Dec 20Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: US$0.023 (up from US$0.02 in 3Q 2025). Revenue: US$141.8m (flat on 3Q 2025). Net income: US$13.7m (up 14% from 3Q 2025). Profit margin: 9.7% (up from 8.4% in 3Q 2025). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Dec 05+ 3 more updatesBlackBerry Limited to Report Q4, 2027 Results on Apr 08, 2027BlackBerry Limited announced that they will report Q4, 2027 results on Apr 08, 2027
공시 • Nov 18BlackBerry Limited Announces President Changes at its QNX DivisionBlackBerry Limited announced the appointment of John Wall as President of its QNX division, effective immediately 17 November 2025. Wall will report to BlackBerry CEO, John J. Giamatteo. Wall, widely recognized as a leading authority in embedded software, has been an integral member of the QNX team since joining in 1993. He has held roles of escalating seniority within the organization, including in product engineering, service delivery and sales, and most recently served as the division's Chief Operating Officer. Wall has overseen the planning, design and development of QNX's product portfolio and played a key role in driving its significant growth in automotive and general embedded systems. Wall holds a Bachelor of Engineering degree from Carleton University. Wall will succeed Mattias Eriksson, who has decided to pursue other opportunities outside of BlackBerry. Eriksson will remain as an advisor to the company until December 31, 2025 to ensure a smooth transition.
Major Estimate Revision • Oct 02Consensus EPS estimates increase by 42%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$519.7m to US$526.3m. EPS estimate increased from US$0.06 to US$0.085 per share. Net income forecast to grow 219% next year vs 25% growth forecast for Software industry in Canada. Consensus price target of CA$5.61 unchanged from last update. Share price rose 12% to CA$6.67 over the past week.
Recent Insider Transactions • Oct 01Insider recently sold CA$201k worth of stockOn the 28th of September, Philip Kurtz sold around 29k shares on-market at roughly CA$6.90 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$224k more than they bought in the last 12 months.
공시 • Sep 25+ 1 more updateBlackberry Limited Provides Earnings Guidance for Third Quarter Ending November 30, 2025 and the Full Year Ending February 28, 2026BlackBerry Limited provided earnings guidance for third quarter ending November 30, 2025 and the full year ending February 28, 2026. For the quarter, the company expects Total BlackBerry revenue of $132 million to $140 million. QNX revenue of $66 million to $70 million. Secure Communications revenue of $60 million to $64 million. For the year, the company expects Total BlackBerry revenue of $519 million to $541 million. QNX revenue of $256million to $270 million. Secure Communications revenue of $239 million to $247 million.
Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Barry Mainz was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Jul 02Now 20% undervaluedOver the last 90 days, the stock has risen 30% to CA$5.75. The fair value is estimated to be CA$7.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 102% in 2 years. Earnings are forecast to grow by 542% in the next 2 years.
Reported Earnings • Jun 25First quarter 2026 earnings released: EPS: US$0.003 (vs US$0.071 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.003 (up from US$0.071 loss in 1Q 2025). Revenue: US$121.7m (down 16% from 1Q 2025). Net income: US$1.90m (up US$43.9m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CA$5.51. The fair value is estimated to be CA$6.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Meanwhile, the company became loss making.
공시 • Apr 09BlackBerry Limited, Annual General Meeting, Jun 25, 2025BlackBerry Limited, Annual General Meeting, Jun 25, 2025.
Reported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.014 loss per share (improved from US$0.22 loss in FY 2024). Revenue: US$534.9m (down 37% from FY 2024). Net loss: US$8.50m (loss narrowed 94% from FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공시 • Mar 19+ 3 more updatesBlackBerry Limited to Report Q1, 2026 Results on Jun 24, 2025BlackBerry Limited announced that they will report Q1, 2026 results on Jun 24, 2025
공시 • Mar 08BlackBerry Limited Announces Step Down of Marjorie Dickman as Chief Government Affairs and Public Policy OfficerOn February 28, 2025, Marjorie Dickman stepped down from her position as Chief Government Affairs and Public Policy Officer of BlackBerry Limited to pursue corporate board and other opportunities. Ms. Dickman will remain with the Company as Special Advisor to the Chief Executive Officer until May 31, 2025. Ms. Dickman’s departure is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices.
공시 • Feb 04Arctic Wolf Networks, Inc. completed the acquisition of Cylance assets from BlackBerry Limited.Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited on December 15, 2024. Under the terms of the agreement, Arctic Wolf will acquire the Company’s Cylance® endpoint security assets for a purchase price consisting of $160 million of cash, subject to certain purchase price adjustments set forth in the Equity and Asset Purchase Agreement (the “Cash Consideration”), and 5.5 million common shares in Arctic Wolf (the “Equity Consideration”). After giving effect to the purchase price adjustments to the Cash Consideration, the Company will receive approximately $80 million of the Cash Consideration and the Equity Consideration at closing of the transaction, and approximately $40 million of the Cash Consideration on the one-year anniversary of closing. In addition, the Equity and Asset Purchase Agreement provides that, on the closing date of the transaction, the Company and Arctic Wolf will enter into (i) a non-exclusive patent license agreement, (ii) a partner agreement pursuant to which the Company will agree to resell certain products and services of Arctic Wolf, and (iii) a strategic customer support agreement, pursuant to which Arctic Wolf will agree to provide certain customer support services to the Company. The proposed transaction is subject to the provision of customary closing deliverables and satisfaction of customary conditions and is expected to close in BlackBerry’s fourth fiscal quarter. Perella Weinberg Partners LP served as exclusive financial adviser to BlackBerry and Chere See and Erik Knudsen of Morrison Foerster LLP served as legal adviser to BlackBerry. Cooley LLP served as legal adviser to Arctic Wolf. Arctic Wolf Networks, Inc. completed the acquisition of Cylance assets from BlackBerry Limited on February 3, 2025.
공시 • Jan 18BlackBerry Limited Announces Resignation of Jay Chai as Senior Vice President and Chief Accounting Officer, Effective January 31, 2025On January 15, 2025, Jay Chai resigned as Senior Vice President and Chief Accounting Officer of BlackBerry Limited (the Company"), with effect as of January 31, 2025. Mr. Chai is leaving the Company to pursue other opportunities and his resignation is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices.
Recent Insider Transactions Derivative • Jan 07CEO & Director exercised options and sold CA$828k worth of stockOn the 2nd of January, John Giamatteo exercised options to acquire 156k shares at no cost and sold these for an average price of CA$5.31 per share. This trade did not impact their existing holding. For the year to February 2022, John's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, John has owned 206.09k shares directly. Company insiders have collectively sold CA$1.5m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Dec 20Third quarter 2025 earnings released: EPS: US$0.02 (vs US$0.036 loss in 3Q 2024)Third quarter 2025 results: EPS: US$0.02 (up from US$0.036 loss in 3Q 2024). Revenue: US$143.0m (down 18% from 3Q 2024). Net income: US$12.0m (up US$33.0m from 3Q 2024). Profit margin: 8.4% (up from net loss in 3Q 2024). Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Software industry in Canada are expected to grow by 16%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Dec 18Consensus EPS estimates fall by 246%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.13 to -US$0.45 per share. Revenue forecast unchanged at US$597.5m. Software industry in Canada expected to see average net income growth of 42% next year. Consensus price target up from CA$4.03 to CA$4.30. Share price rose 15% to CA$4.56 over the past week.
공시 • Dec 17Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited for CAD 160 million.Arctic Wolf Networks, Inc. entered into a definitive agreement to acquire Cylance assets from BlackBerry Limited for CAD 160 million on December 16, 2024. Under the terms of the agreement, BlackBerry will sell its Cylance assets to Arctic Wolf for CAD 160 million of cash, subject to certain adjustments, and approximately 5.5 million common shares of Arctic Wolf. After allowing for the purchase price adjustments, BlackBerry will receive approximately CAD 80 million of cash at closing and approximately CAD 40 million of cash one year following the closing. The proposed transaction is subject to customary closing conditions and is expected to close in BlackBerry’s fourth fiscal quarter. Perella Weinberg Partners LP served as exclusive financial adviser to BlackBerry and Chere See and Erik Knudsen of Morrison Foerster LLP served as legal adviser to BlackBerry. Cooley LLP served as legal adviser to Arctic Wolf.
공시 • Dec 12BlackBerry Limited and TTTech Auto Launch New MotionWise Scheduling Solution for QNX 8BlackBerry Limited and TTTech Auto announced a solution that addresses the growing complexities automotive developers are facing as the industry doubles down on its push towards Software Defined Vehicles (SDVs). MotionWise Schedule for QNX®? Software Development Platform (SDP) 8.0 accelerates software development for automakers building SDVs and helps to enable the safe, real-time execution of applications running on QNX®? SDP 8.0. As vehicle software becomes increasingly complex while maintaining real-time system properties, the demand for products that enable safety, reliability, and precise timing execution is growing. MotionWise Schedule forQNX SDP 8.0 addresses this need by providing a high-performance runtime environment with deterministic task scheduling. This enables optimized resource utilization and is supported by a correct-by-design tool-suite, significantly reducing design and configuration efforts for the embedded runtime. Simplifying complex integration tasks to speed up GTM: In SDV projects, manual configuration of schedulers can lead to cumbersome cycles of repeated testing and iterations. With each code alteration, new feature addition or software release, the process re-starts, causing delays in production timelines and in tandem, adding to program costs. MotionWise Schedule for Q NX simplifies the daily work of software developers, replacing countless manual processes by generating scheduling solutions in a single automated step. New software applications can be added incrementally without compromising quality, meaning the time to bring new software to market is significantly reduced, drastically cutting the cost of new vehicle projects, where even a few days of production delay is detrimental. QNX and TTTech Auto will demo MotionWise Schedule for QnX at CES Jan. 7 - 10 2025 at the Las Vegas Convention Center. Visit QNX at Booth #4224 in the West Hall, or schedule a meeting with a spokesperson here. MotionWise Schedule for Quebec SDP 8.0 will be available in early 2025. For more information on how BlackBerry QNX's portfolio of embedded software solutions can help accelerate safety-certification, ensure reliability and reduce development time, visit BlackBerry QNX.
공시 • Oct 02BlackBerry Limited Appoints Veteran Lisa Bahash to its Board of DirectorsBlackBerry Limited announced that it has appointed automotive OEM and Tier 1 supplier veteran Lisa Bahash to its Board of Directors, effective September 26, 2024. Ms. Bahash is an executive leader with over 30 years of experience in the automotive OEM. She served as Senior Vice President, Automotive and Transportation with Jabil Inc. Prior to Jabil, Ms. Bahash was Group Vice President and General Manager of Johnson Control's Power Solutions business, leading the OEM and technology strategies including advanced energy storage and lithium-ion technologies. She was also President and CEO of Ride Control, LLC (Gabriel), where she accelerated growth and completed a successful sale of the business. Ms. Bahash began her career at Ford Motor Company where she worked for 10 years in a variety of positions. Most recently, she served as Principal and Operating Partner at Architect Equity LLC. Ms. Bahash holds a Master of Engineering Management degree from Wayne State University and a Bachelor of Science degree in Mechanical Engineering from the University of Michigan. She is a member of the Board of Directors at Syrah Resources Ltd., where she serves as Chair of the Remuneration, Nomination and Governance Committee and as a member of the Sustainability Committee. Ms. Bahash is also a former director of Mattr Corp., formerly Shawcor Ltd. In 2015, Ms. Bahash was recognized as one of Automotive News Top 100 Leading Women in the North American Auto Industry. In connection with the appointment of Ms. Bahash, the Board increased the total number of directors to eight, seven of whom are independent directors, including Ms. Bahash.
Reported Earnings • Sep 27Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: US$0.032 loss per share (improved from US$0.072 loss in 2Q 2024). Revenue: US$145.0m (up 9.8% from 2Q 2024). Net loss: US$19.0m (loss narrowed 55% from 2Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
공시 • Sep 27Blackberry Limited Provides Earnings Guidance for the Third Quarter Ending November 30, 2024 and the Full Fiscal Year Ending February 28, 2025BlackBerry Limited provided earnings guidance for the third quarter ending November 30, 2024 and the full fiscal year ending February 28, 2025. For the quarter, the company expects Total BlackBerry revenue in the range of $146 million- $154 million. For the full year, the company expects Total BlackBerry revenue in the range $591 million - $616 million.
공시 • Sep 04HaleyTek AB and BlackBerry Limited Announce the Launch of Haleytek's Generic Automotive PlatformHaleyTek AB and BlackBerry Limited announced the launch of HaleyTek's Generic Automotive Platform (GAP), a cockpit software platform. GAP provides access to a seamless, agile Android Automotive development environment, accelerating the time-to-market for next-generation infotainment systems. BlackBerry QNX is providing the QNX Hypervisor for Safety and QNX Sound platform for GAP, which will offer OEMs access to two long-awaited enabling technologies for next generation automotive cockpits; Software Defined Audio (SDA) and VirtIO. SDA delivers superior software-based acoustic and audio experiences for consumers, while enabling significant Bill-of-Material (BOM) savings and the ability to generate new subscription revenue through personalized audio software features after the sale of the vehicle. It will also extend the lifecycle of these systems, offering over-the-air (OTA) Android™ and security updates to enable a safe, connected future. With a focus on sustainable innovation, HaleyTek and BlackBerry QNX are dedicated to ensuring that their advanced collaborative platforms not only meet but further enable the next generation of cockpit consolidation and better ecosystem and consumer experiences based on software.
공시 • Aug 01BlackBerry Limited Announces Chief Financial Officer ChangesBlackBerry Limited announced Tim Foote has been appointed as the company's Chief Financial Officer, effective 30 July 2024. Foote will report to BlackBerry CEO, John J. Giamatteo. Foote joined the company following BlackBerry's acquisition of Good Technology in 2015 and brings more than 20 years of experience across a number of senior finance leadership positions. While at BlackBerry, Foote's roles have included managing the company's international finance operations, Vice President of Investor Relations and, most recently, CFO for the Cybersecurity division. Foote holds an MBA from Imperial College Business School, London and is a Chartered Accountant. Foote will succeed Steve Rai, who has decided to pursue other opportunities outside of the company. Giamatteo, and the rest of the BlackBerry Board, thank Steve for his contributions to the Company since 2014 and wish him well in his future endeavors. Rai will remain with BlackBerry until September in a consulting role in order to help facilitate a smooth transition.
공시 • Jul 31BlackBerry Limited Announces Executive ChangesBlackBerry Limited has appointed Jay Chai as the company's chief accounting officer. Chai has been Vice President and Corporate Controller at BlackBerry since May 2019 and will leverage his deep expertise in financial reporting and operations for this new, expanded role and responsibilities. Fraser Deziel has been promoted to the role of Corporate Controller. Deziel has been with BlackBerry since November 2009 and was most recently Senior Director of Financial Reporting and Treasury.
Reported Earnings • Jun 28First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.071 loss per share (further deteriorated from US$0.019 loss in 1Q 2024). Revenue: US$144.0m (down 61% from 1Q 2024). Net loss: US$42.0m (loss widened 282% from 1Q 2024). Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.
New Risk • Jun 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • May 14Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to CA$4.73. The fair value is estimated to be CA$3.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 22% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.
공시 • May 03Blackberry Introduces Cylance Assistant, the Next Level of Cybersecurity with Generative AI CapabilitiesBlackBerry Limited announced the general availability of Cylance Assistant, a generative AI cybersecurity advisor that will help organizations speed up decision-making and stop more threats faster with fewer resources. Cylance Assistant brings together a set of advanced capabilities that leverage the power of Cylance AI to do more with less. These AI-driven features are built into the Cylance cybersecurity platform. Cylance Assistant provides fast, expert guidance and valuable recommendations to security analysts to enhance your security operations center. It simplifies complex cybersecurity issues by analyzing large quantities of data and combining it with our threat research to deliver recommendations in plain language. It virtually looks over the shoulder of each analyst to evaluate, interpret, and suggest the best course of action in real-time. Unlike competitor offerings, there is no need to step away from your workflow to ask a chatbot what you should do. The Cylance Assistant understands the context and provides expert guidance without asking. The result is quicker investigations and reasonable resolution of security threats. With Cylance AI always available on demand, security analysts can now identify and block a broader range of threats, expedite investigations, and make rapid decisions. The introduction of Cylance AI, the industry's longest-running predictive AI, along with Cylance Assistant, empowers security teams to take complete control of their operations, outmaneuvering sophisticated threat actors who employ adversarial AI and polymorphic malware. Cylance Assistant uses privacy-preserved, responsible AI principles and doesn't share customer data to train models. It is included with CylanceENDPOINT to maximize budget and simplify operations. BlackBerry's Cylance Assistant utilizes Amazon Web Services' (AWS) Generative AI service Amazon Bedrock to help organizations greatly enhance their cyber security operations and achieve better outcomes. Amazon Bedrock provides foundation model choice from leading AI providers via a single API for companies to build and scale generative AI applications.
공시 • Apr 06BlackBerry Limited, Annual General Meeting, Jun 25, 2024BlackBerry Limited, Annual General Meeting, Jun 25, 2024.
Reported Earnings • Apr 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: US$0.22 loss per share (improved from US$1.27 loss in FY 2023). Revenue: US$853.0m (up 30% from FY 2023). Net loss: US$130.0m (loss narrowed 82% from FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Apr 04+ 1 more updateBlackBerry Limited Provides Earnings Guidance for the First Quarter Ending May 31, 2024 and the Full Fiscal Year Ending February 28, 2025BlackBerry Limited provided earnings guidance for the first quarter ending May 31, 2024 and the full fiscal year ending February 28, 2025. For the first quarter, the company expected total BlackBerry revenue of $130 million to $138 million and expect EPS to be in the range of negative $0.04 to negative $0.06.For the fiscal year, the company expected total BlackBerry revenue of $586 million to $616 million and expected EPS to be in the range of negative $0.02 to negative $0.06.
공시 • Mar 21+ 3 more updatesBlackBerry Limited to Report Q2, 2025 Results on Sep 26, 2024BlackBerry Limited announced that they will report Q2, 2025 results on Sep 26, 2024
Buy Or Sell Opportunity • Mar 15Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to CA$3.83. The fair value is estimated to be CA$4.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 12% in 2 years. Earnings are forecast to grow by 92% in the next 2 years.
공시 • Feb 08Blackberry Limited Announces Board and Committee ChangesBlackBerry Limited announced that it has appointed IoT technology veteran Philip Brace to its board of directors, effective February 8, 2024. Mr. Brace will serve as a member of the Compensation, Nomination and Governance Committee of the Board. Mr. Brace has an extensive background in the IoT, semiconductor, server and storage industries. His roles over the past 3 decades include a wide array of functions, including software, hardware, engineering, marketing, and sales. Most recently, from July 2021 to January 2023, Mr. Brace served as President and CEO of leading Canadian wireless communications designer, Sierra Wireless Inc., where he led the company through operational improvements that increased profits by more than 100% and grew revenue by more than 40%, culminating in a successful acquisition by Semtech Corporation. Prior to this, Mr. Brace served as Executive Vice President at Veritas Technologies, President of Seagate Technology's Cloud Systems and Electronic Solutions, Executive Vice President at LSI Corporation, and General Manager at Intel Corporation. Mr. Brace holds a Bachelor of Applied Science degree in Computer Engineering from the University of Waterloo and a Master's degree in Electrical Engineering from California State University, Sacramento. He has also participated in the Stanford University Directors' Consortium. Mr. Brace is also a member of the Board of Directors at Lantronix Inc. and Inseego Corp. BlackBerry also announced that Prem Watsa has decided to resign from the BlackBerry Board of Directors as of February 15, 2024, in connection with the Company's repayment at maturity of its $150 million principal amount convertible debentures held by affiliates of Fairfax Financial Holdings Limited, of which Mr. Watsa is Chairman and CEO. Mr. Watsa has served as a director of the Company since November 2013 and was a member of the Compensation, Nomination and Governance Committee of the Board of Directors. He also previously served as a director of the Company from January 2012 to August 2013. Following the appointment of Mr. Brace and the resignation of Mr. Watsa, the Board will have 7 members, 6 of whom are independent directors.
공시 • Dec 21BlackBerry Limited Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending February 29, 2024BlackBerry Limited provided earnings guidance for the fourth quarter of fiscal year ending February 29, 2024. For the quarter, the company expects total company revenue to be in the range of $150 million - $159 million.
공시 • Dec 11+ 2 more updatesBlackBerry Limited to Pursue Full Separation of IoT and Cybersecurity Business UnitsBlackBerry Limited announced that it will separate the IoT and Cybersecurity businesses, and that they will operate as fully standalone divisions. BlackBerry will no longer pursue a subsidiary IPO of the IoT business. Following a reassessment of the previously announced outcome of Project Imperium, the BlackBerry Board has decided to pursue a separation of the IoT and Cybersecurity businesses and establish them as standalone divisions. The Company will no longer pursue a subsidiary initial public offering of its IoT business unit. The process will include the separation and streamlining of BlackBerry's centralized corporate functions into business-unit specific teams, with a view to each division operating independently and on a profitable and cashflow-positive basis going forward. To assist in the separation and right-sizing process, BlackBerry is in the final stages of selecting a consulting firm to bring expertise and additional resources for an independent, ground-up assessment.
공시 • Nov 15BlackBerry Limited announced that it expects to receive $150 million in funding from Fairfax Financial Holdings LimitedBlackBerry Limited announced that it has entered into an agreement with certain controlled affiliates of Fairfax Financial Holdings Limited to issue 1.75% extendable convertible unsecured debentures for the gross proceeds of $150,000,000 on November 13, 2023. The Extension Debentures will be convertible into Common Shares at a price of $6.00 per Common Share and will be due on or about February 14, 2024, with an option for the parties to extend the maturity date to on or about May 14, 2024, by mutual agreement. The conversion price represents a premium of approximately 64.8% to the closing price of the Common Shares on the New York Stock Exchange on November 10, 2023, and the Common Shares issuable upon conversion of all of the Extension Debentures would represent approximately 4.3% of the current issued and outstanding Common Shares. The closing of the Transaction is subject to customary conditions, including approval from the Toronto Stock Exchange and the New York Stock Exchange. The Transaction is expected to be completed on or before November 17, 2023. The offer and sale of the Extension Debentures, the Subsidiary Guarantees and the Common Shares issuable upon conversion of the Extension Debentures, if any, will be made to accredited investors in reliance on the exemption from registration under Section 4(a)(2) of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and will not be registered pursuant to the Securities Act or any state securities laws.
공시 • Nov 05Blackberry Limited Announces Chief Executive Officer ChangesBlackBerry Limited announced that John Chen, Executive Chair of the Board of Directors will retire from his roles at the Company effective November 4, 2023. Mr. Chen’s retirement is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices. In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer. Mr. Lynch has served as a director of the Company since 2013 and been President of FB Associates, LLC since 2011. Previously, Mr, Lynch served as Chief Technology Officer of Verizon Communications and Verizon Wireless. Mr. Lynch joined the BlackBerry Board in 2013 and serves as a member of its Compensation, Nomination and Governance Committee. He previously served as Executive Vice-President and Chief Technology Officer of Verizon Communications and Verizon Wireless. He is a director of Cohere Technologies and iconectiv and has served as Chairman of Ribbon Communications and as a director of Ruckus Wireless.
공시 • Nov 04Blackberry Limited Announces Board ChangesBlackBerry Limited announced that John Chen, Executive Chair of the Board of Directors will retire from his roles at the Company effective November 4, 2023. Mr. Chen’s retirement is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices. In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer. Mr. Lynch has served as a director of the Company since 2013 and been President of FB Associates, LLC since 2011. Previously, Mr, Lynch served as Chief Technology Officer of Verizon Communications and Verizon Wireless. Mr. Lynch joined the BlackBerry Board in 2013 and serves as a member of its Compensation, Nomination and Governance Committee. He previously served as Executive Vice-President and Chief Technology Officer of Verizon Communications and Verizon Wireless. He is a director of Cohere Technologies and iconectiv and has served as Chairman of Ribbon Communications and as a director of Ruckus Wireless.
공시 • Oct 17Blackberry Limited Announces Generative AI Powered Cybersecurity AssistantBlackBerry Limited announced its new Generative AI powered assistant for Security Operations Center (SOC) teams. The enterprise-grade solution acts as a SOC Analyst providing Generative AI based cyberthreat analysis and support to enhance CISO operations. It leverages private large language models (LLMs) for greater accuracy and data privacy. The solution, which will be available to BlackBerry's Cylance®? AI customers, predicts customer needs to proactively provide information rather than requiring users to manually ask questions and compresses research hours into seconds. Fully integrated in the Cylance Console, it produces a natural workflow instead of an efficient chatbot experience. Cylance launched as the industry's first AI cybersecurity solution and the industry's first predictive cybersecurity solution. Predictive cybersecurity is a must for emerging cyber risks and seen as the future of cybersecurity. BlackBerry has delivered transformative innovation for almost forty years and continues to set a standard in the technology industry. In the field of AI this is evidenced by the company having more than five times the AI/ML patents than competitors and AI being integrated across the company's product portfolio. Furthermore, BlackBerry earlier this month was one of the first signatories of Canada's voluntary Code of Conduct on the responsible development and management of advanced Generative AI systems.
Reported Earnings • Sep 30Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: US$0.072 loss per share (improved from US$0.094 loss in 2Q 2023). Revenue: US$132.0m (down 21% from 2Q 2023). Net loss: US$42.0m (loss narrowed 22% from 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 39%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Sep 29+ 1 more updateBlackBerry Limited Announces Timothy Dattels Decides to Resign from Board of DirectorsBlackBerry Limited announced that Timothy Dattels has decided to resign from the Board of Directors, effective September 28, 2023. Mr. Dattels joined the Board in 2012. He chaired a special committee of the Board through a review of strategic alternatives in 2013 and also served on the Audit and Risk Management Committee from 2013 to 2019.
공시 • Sep 08BlackBerry Limited Provides Revenue Guidance for the Second Quarter Fiscal 2024BlackBerry Limited provided revenue guidance for the second quarter fiscal 2024. For the quarter, Total company revenue expected to be approximately $132 million.
Major Estimate Revision • Jul 06Consensus revenue estimates increase by 23%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$698.2m to US$859.2m. Forecast losses expected to reduce from -US$0.198 to -US$0.178 per share. Software industry in Canada expected to see average net income growth of 5.4% next year. Consensus price target down from CA$5.95 to CA$5.47. Share price rose 3.2% to CA$6.82 over the past week.
Reported Earnings • Jun 29First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.019 loss per share (improved from US$0.31 loss in 1Q 2023). Revenue: US$373.0m (up 122% from 1Q 2023). Net loss: US$11.0m (loss narrowed 94% from 1Q 2023). Revenue exceeded analyst estimates by 134%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • May 19BlackBerry Limited Provides Revenue Guidance for the Fiscal Year 2024BlackBerry Limited provided revenue guidance for the fiscal year 2024. The company expects to report total revenue of $665 million - $700 million for the fiscal year 2024.
Major Estimate Revision • Apr 19Consensus EPS estimates upgraded to US$0.20 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.22 to -US$0.197 per share. Revenue forecast steady at US$700.9m. Software industry in Canada expected to see average net income growth of 0.2% next year. Consensus price target of CA$6.04 unchanged from last update. Share price fell 3.6% to CA$5.91 over the past week.
Reported Earnings • Apr 02Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$1.27 loss per share (down from US$0.021 profit in FY 2022). Revenue: US$656.0m (down 8.6% from FY 2022). Net loss: US$734.0m (down US$746.0m from profit in FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 08Consensus EPS estimates fall by 133%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$679.3m to US$665.0m. Losses expected to increase from US$0.55 per share to US$1.28. Software industry in Canada expected to see average net income decline 8.0% next year. Consensus price target of CA$6.25 unchanged from last update. Share price fell 4.8% to CA$4.99 over the past week.
Buying Opportunity • Mar 07Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CA$6.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to decline by 67% in the next 2 years.
Recent Insider Transactions Derivative • Jan 06Insider exercised options and sold CA$141k worth of stockOn the 3rd of January, John Giamatteo exercised options to acquire 30k shares at no cost and sold these for an average price of CA$4.67 per share. This trade did not impact their existing holding. As of today, John currently holds no shares directly. Company insiders have collectively sold CA$4.7m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Jan 06+ 1 more updateBlackBerry Limited Showcases BlackBerry IVY on Three Commercially-Available Automotive Platforms At CES 2023BlackBerry Limited announced that BlackBerry IVY™, a cloud-connected automotive AI platform co-developed by BlackBerry and Amazon Web Services (AWS), is now pre-integrated on three commercially-available digital cockpit platforms from leading Tier 1 automotive suppliers Bosch and PATEO, designed to enable automakers to rapidly deploy innovative third party applications that enhance the in-vehicle experience for drivers and passengers alike. The three implementations will be demonstrated at the BlackBerry (LVCC West, #4025) and Amazon (LVCC West, #4001) booths at the 2023 Consumer Electronics Show (CES), marking the first time that BlackBerry IVY has been shown publicly in a vehicle. The BlackBerry IVY solution will be generally available in May 2023, the culmination of two years of comprehensive development efforts and numerous iterations pressure tested with pilot partners and customers. At CES, BlackBerry and AWS will demonstrate several BlackBerry IVY-powered applications deployed on commercial automotive platforms including: Bosch's information domain compute platform within a Jeep Grand Cherokee showing innovative AI-based solutions for predictive maintenance of brake and tire wear, powered by Compredict, as well as secure in-vehicle payments, powered by CarIQ. Visitors will be shown how live vehicle data is abstracted, normalized and processed securely to create machine learning (ML) insights helping to predict the behavior of automotive components before maintenance issues arise and secure authentication of vehicle payment transactions. PATEO's intelligent Digital Cockpit, highlighting an EV battery management solution, powered by Electra Vehicles, which is currently being commercialized in the Chinese market by PATEO. This demo will illustrate how IVY insights help power solutions for battery range and driver profiling, alleviating 'range anxiety.' A virtualized BlackBerry IVY platform solution, powered by AWS Graviton processors, demonstrating how automakers can rapidly develop ML-based automotive solutions for scene detection and cybersecurity use cases.
Reported Earnings • Dec 21Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: US$0.007 loss per share (down from US$0.13 profit in 3Q 2022). Revenue: US$169.0m (down 8.2% from 3Q 2022). Net loss: US$4.00m (down 105% from profit in 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Lisa Disbrow was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • Nov 09Executive Chairman & CEO exercised options and sold CA$3.3m worth of stockOn the 3rd of November, John Chen exercised options to acquire 555k shares at no cost and sold these for an average price of CA$5.88 per share. This trade did not impact their existing holding. For the year to February 2016, John's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, John's direct individual holding has increased from 9.00m shares to 9.45m. Company insiders have collectively sold CA$4.6m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Sep 28Chief Financial Officer exercised options and sold CA$105k worth of stockOn the 26th of September, Steve Rai exercised options to acquire 15k shares at no cost and sold these for an average price of CA$6.93 per share. This trade did not impact their existing holding. Since September 2021, Steve's direct individual holding has increased from 15.39k shares to 24.50k. Company insiders have collectively sold CA$35m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Sep 24Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 losses forecast to reduce from -US$0.90 to -US$0.77 per share. Revenue forecast steady at US$689.9m. Software industry in Canada expected to see average net income growth of 30% next year. Consensus price target of CA$7.79 unchanged from last update. Share price fell 9.3% to CA$6.89 over the past week.
