Welcome to our dedicated page for Blackberry news (Ticker: BB), a resource for investors and traders seeking the latest updates and insights on Blackberry stock.
BlackBerry Limited (NYSE: BB; TSX: BB) generates a steady stream of news centered on its role as a provider of intelligent software and services for enterprises, governments, automakers, and industrial organizations. Many recent announcements highlight the company’s QNX division, which supplies foundational software for mission-critical embedded systems and software-defined vehicles, as well as developments in Secure Communications and critical event management.
Visitors to this news page can review updates on QNX’s automotive collaborations, such as its foundational role in next-generation vehicle architectures and its presence in hundreds of millions of vehicles, as described in recent press releases. Coverage also includes product and platform announcements like QNX’s Foundational Vehicle Software Platform with Vector, QNX Cabin, QNX Sound, and the QNX Everywhere initiative to broaden developer and academic access to QNX technology.
BlackBerry’s news flow also features Secure Communications and BlackBerry AtHoc, including enhancements to the AtHoc mobile experience for critical event management. Financial results, investor briefings, and corporate governance updates appear alongside technology-focused stories, reflecting the company’s status as a publicly traded issuer that reports quarterly earnings and hosts investor events.
This page brings together these categories of news so that readers can follow BlackBerry’s progress in automotive software, embedded systems, secure communications, and developer ecosystem initiatives, as well as its financial and corporate disclosures referenced in press releases and SEC filings.
MotorTrend Group and BlackBerry (NYSE:BB)(TSX:BB) have announced the third annual Software-Defined Vehicle (SDV) Innovator Awards, celebrating the automotive industry's shift from hardware to software. The awards recognize individuals driving innovation in vehicle design, connectivity, and user experience. Nominations are open for three categories: Pioneer, Leader, and Expert, with submissions closing on October 11, 2024.
Alongside the awards, MotorTrend has produced 'Coding the Car 2.0', a documentary exploring recent advancements in SDVs, including the role of Chinese automakers and industry consolidation. The film also highlights the importance of legacy automakers in the electric vehicle market.
HaleyTek and BlackBerry QNX have launched the Generic Automotive Platform (GAP), a cutting-edge cockpit software platform. GAP offers an Android Automotive development environment, accelerating the creation of advanced infotainment systems. BlackBerry QNX provides the QNX Hypervisor for Safety and QNX Sound platform for GAP, introducing two key technologies: Software Defined Audio (SDA) and VirtIO.
SDA enables superior audio experiences and Bill-of-Material savings, while creating new subscription revenue opportunities. The platform supports over-the-air updates for Android and security, ensuring longevity and safety. VirtIO facilitates hardware-software separation and cloud-first development, reducing integration efforts across the ecosystem.
BlackBerry (NYSE: BB; TSX: BB) has announced significant changes in its finance leadership. Tim Foote has been appointed as the new Chief Financial Officer, effective immediately. Foote, who joined BlackBerry in 2015 following the acquisition of Good Technology, brings over 20 years of experience in senior finance roles. He will succeed Steve Rai, who is leaving the company to pursue other opportunities.
In addition, Jay Chai has been appointed as Chief Accounting Officer, and Fraser Deziel has been promoted to Corporate Controller. These changes are part of BlackBerry's strategy to streamline its finance organization as it establishes two distinct divisions: Cybersecurity and IoT. The company aims to drive towards profitability and deliver greater shareholder value through these leadership changes.
BlackBerry (NYSE: BB; TSX: BB) has announced its participation in two upcoming investor conferences. On August 6, 2024, at the KeyBanc Capital Markets 2024 Technology Leadership Forum, Nathan Jenniges (SVP & GM, Cybersecurity Products) and Tim Foote (CFO, Cybersecurity and Head of IR) will engage in a fireside chat at 12:30pm ET.
Additionally, on August 13, 2024, at the Canaccord Genuity 44th Annual Growth Conference, John Giamatteo (CEO) and Tim Foote will participate in another fireside chat at 11:30am ET. Both events will be live-streamed, with replays available on BlackBerry's investor website.
QNX, a division of BlackBerry (NYSE: BB; TSX:BB), has announced the launch of QNX® Containers, expanding its trusted software portfolio to support OS virtualization and containerization on QNX-based devices. This new offering provides a standards-based environment for deploying, executing, and managing container technology, combining the benefits of containerization with QNX's safety, security, and reliability.
Key features include:
- Compliance with Open Container Initiative (OCI)
- Support for Kubernetes toolchains and Docker repositories
- Coexistence with QNX® Hypervisor environment
- Built according to ISO 21434 security processes
- Designed for functional safety certification
QNX Containers is expected to be available in Q4, 2024, offering customers a solution that doesn't compromise on RTOS choice while enabling containerization strategies.
BlackBerry (NYSE: BB; TSX: BB) has launched CylanceMDR Pro, an advanced managed detection and response service built on an Open XDR platform powered by AI. This solution addresses the challenges faced by security teams dealing with sophisticated cyber threats and resources. CylanceMDR Pro integrates seamlessly with existing security tools, offering comprehensive visibility across IT infrastructure without the need for replacement.
Key features include:
- Over 300 platform integrations
- AI-driven approach for enhanced threat detection
- Compatibility with existing security tooling
- Unified threat detection across endpoints, networks, cloud, and more
The service will be available from July 31, 2024, aiming to provide businesses with improved cybersecurity posture and peace of mind.
BlackBerry reported its financial results for Q1 FY2025, ending May 31, 2024. The company exceeded revenue guidance for both its IoT and Cybersecurity divisions, with IoT revenue growing 18% year-over-year to $53 million and Cybersecurity revenue reaching $85 million. BlackBerry's total revenue was $144 million, and the company's gross margin stood at 67%. Non-GAAP operating loss was $12 million and GAAP operating loss was $39 million. Non-GAAP EPS was a loss of $0.03, beating guidance, while GAAP EPS was a loss of $0.07. Adjusted EBITDA was negative $7 million. The company made strides towards operational separation of its IoT and Cybersecurity businesses and aims to be profitable on a non-GAAP basis by Q4 FY2025. Additionally, BlackBerry partnered with ETAS, collaborated with AMD, and launched new cybersecurity solutions including CylanceMDR™ and Cylance Assistant. The company provided Q2 FY2025 guidance with total revenue between $136-$144 million and full fiscal year 2025 guidance between $586-$616 million.
BlackBerry (NYSE: BB; TSX: BB) announced the election results for its Board of Directors following the annual and special meeting of shareholders held on June 25, 2024. Seven nominees, as listed in the company's proxy circular from May 3, 2024, were elected to serve until the next annual meeting or until successors are appointed. Detailed voting results indicate strong shareholder support for the nominees:
Philip Brace: 85.23% for, 14.77% withheld
Michael A. Daniels: 71.18% for, 28.82% withheld
Lisa Disbrow: 93.84% for, 6.16% withheld
John J. Giamatteo: 93.90% for, 6.10% withheld
Richard Lynch: 90.27% for, 9.73% withheld
Lori O'Neill: 95.12% for, 4.88% withheld
Wayne Wouters: 92.38% for, 7.62% withheld.
BlackBerry's latest Global Threat Intelligence Report reveals a significant rise in cyberattacks, with 3.1 million attacks detected and stopped in Q1 2024. This marks a 40% increase in new malware compared to the previous period, with 5.2 attacks detected per minute. Critical infrastructure sectors, particularly financial services, were heavily targeted. Notably, 82% of attacks were directed at the U.S., with 54% involving previously unseen malware. Commercial enterprises also saw a rise in threats, particularly through social engineering tactics. The report underscores the rapid weaponization of CVEs and highlights the ongoing threat from ransomware groups like LockBit, Hunters International, and 8Base.
BlackBerry will hold its Annual General and Special Meeting (AGM) virtually on June 25, 2024, at 1:00 pm ET. The event includes a live audio webcast and voting platform accessible at https://web.lumiagm.com/411599049. Registered shareholders and duly appointed proxyholders can vote during the AGM. Non-registered shareholders must appoint themselves as proxyholders by delivering a form of proxy and registering online with Computershare Investor Services before 2:00 pm ET on June 21, 2024. Those without a control number or proxy cannot vote but may join as guests. Further details are available at BlackBerry.com/Investors/UserGuide, and a replay will be provided at BlackBerry.com/Investors.