on BlackBerry QNX (NASDAQ:BB)
BlackBerry Outperforms in Q3 of Fiscal Year 2025
On December 19, 2024, BlackBerry reported its financial results for the third fiscal quarter ending November 30, 2024. Notably, the company surpassed revenue expectations for both its Cybersecurity and IoT divisions.
Total revenue reached $162 million, with a gross margin of 74%. IoT revenue grew by 13% sequentially to $62 million, while Cybersecurity revenue saw a 7% sequential increase, reaching $93 million.
BlackBerry also reported a positive adjusted EBITDA of $23 million, exceeding forecasts. Additionally, the company achieved positive cash flow sooner than anticipated. These financials reflect BlackBerry's strategic focus on cost efficiency and strong revenue performance.
Furthermore, BlackBerry announced the sale of its Cylance business to Arctic Wolf, aiming to enhance profitability post-transaction.
R. E.
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