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) is a leading provider of intelligent security software and services for enterprises and governments globally. Headquartered in Waterloo, Ontario, BlackBerry specializes in cybersecurity, safety, data privacy, endpoint management, and embedded systems. The company's solutions power over 235 million vehicles worldwide, leveraging AI and machine learning to offer innovative and secure technology across various industries.
Once the world's largest smartphone manufacturer, BlackBerry has transitioned into a software company focused on securing the 'Enterprise of Things'. Its core business revolves around providing secure communication and endpoint management solutions, particularly in regulated industries like automotive, medical, and government sectors. The company's flagship enterprise security platform, BlackBerry Secure, integrates endpoint management, encryption, and embedded systems to ensure comprehensive security for organizations.
Recent achievements of BlackBerry include strategic partnerships and new product launches. The company has entered into a three-year agreement with Max-Atlas to integrate BlackBerry Radar® asset tracking technologies into intermodal container chassis, significantly enhancing supply chain logistics. Additionally, BlackBerry has expanded its collaboration with TTTech Auto to integrate the QNX® Operating System with advanced scheduling solutions, addressing the complexities of software-defined vehicles (SDVs).
BlackBerry's financial condition remains robust, with a notable increase in revenue for both its IoT and Cybersecurity divisions. The company reported a record revenue quarter for its IoT division and a stabilized annual recurring revenue (ARR) for its Cybersecurity division. BlackBerry also announced a joint cybersecurity leadership program in Malaysia, aimed at addressing the gender gap in the cyber industry and bolstering the region's cybersecurity capacity.
As part of its ongoing innovation, BlackBerry introduced Cylance Assistant, a generative AI cybersecurity advisor, and CylanceMDR™, a managed detection and response solution. These offerings highlight BlackBerry's commitment to leveraging AI for enhanced threat detection and security operations. The company also continues to receive industry recognition, such as the 2024 Gartner Peer Insights ‘Voice of the Customer’ designation for Unified Endpoint Management (UEM) tools.
For more detailed information and latest updates, visit BlackBerry's official website.
On January 5, 2023, BlackBerry Limited (NYSE: BB) announced its expanded collaboration with Marelli to enhance in-car audio experiences using the QNX Acoustics Management Platform (AMP). This initiative aims to improve voice command accuracy, mitigate background noise, and provide advanced sound management features in software-defined vehicles. The new technologies will be showcased at CES 2023. BlackBerry and Marelli have been partners since 2016, focusing on intelligent cockpit technologies for connected vehicles.
BlackBerry and Texas Instruments have launched the QNX Academy for Functional Safety, a comprehensive online training platform aimed at enhancing embedded software development. This initiative combines resources from both companies to facilitate safe and secure system innovation. Key offerings include access to TDA4VM Edge AI starter kit, QNX evaluation licenses, and self-paced training modules focused on functional safety. This collaboration aims to streamline the development process for safety-critical systems, particularly in industrial applications. The academy is available on the TI Developer Zone.
BlackBerry Limited (NYSE: BB) announced the launch of QNX® Accelerate, a cloud-enabled version of its QNX Neutrino RTOS and QNX OS for Safety, now available on AWS Marketplace. This initiative is aimed at enhancing embedded systems development across various sectors, including automotive and IoT, by shortening development cycles and reducing time to market. The announcement was met with enthusiasm during the AWS re:Invent 2022 event. BlackBerry's solutions are expected to support customers in streamlining their software development for Software Defined Vehicles.
BlackBerry Limited (NYSE: BB) announced at CES 2023 the debut of BlackBerry IVY, a cloud-connected automotive AI platform, pre-integrated on digital cockpit platforms by Bosch and PATEO. The platform aims to enhance vehicle experiences through third-party applications. Set for general availability in May 2023, this solution reflects two years of development and collaboration with automotive partners. Demonstrations will showcase innovative features like predictive maintenance and vehicle payment solutions, highlighting the platform's potential in the software-defined vehicle market.
BlackBerry Limited (NYSE: BB) and PATEO have announced a significant partnership with Dongfeng Motor to incorporate BlackBerry IVY™ technology into the all-electric VOYAH H97 model. This design win follows a successful proof of concept, enabling rapid deployment of innovative driver and passenger applications. Set for mass production in 2024, the VOYAH H97 will also utilize the EVE-Ai™ battery management system to optimize EV performance. This collaboration aims to enhance the in-vehicle experience and expand BlackBerry's influence in the Chinese automotive market.
BlackBerry Limited reported strong financial results for Q3 Fiscal 2023, with total revenue reaching $169 million, exceeding expectations. The IoT business unit generated $51 million in revenue, marking a 19% year-over-year increase, while cybersecurity revenue stood at $106 million. Despite a GAAP basic loss per share of $0.01, the company reported a gross margin of 64%. Cash on hand totaled $505 million, though net cash used in operations was $185 million due to a one-time litigation settlement.
On December 14, 2022, BlackBerry Limited (NYSE: BB, TSX: BB) announced an interactive Q&A session with management, highlighting key developments for BlackBerry QNX and BlackBerry IVY at CES 2023. Interested investors can participate on January 6, 2023, at 1:00 PM PT. The event will showcase BlackBerry's full suite of automotive solutions at Booth #4025 in Las Vegas from January 5-8, 2023. Register for the webcast and access replay information on BlackBerry.com/Investors.
BlackBerry Limited (NYSE: BB) has partnered with Human Horizons to provide QNX technology for the HiPhi Z, a new electric vehicle featuring advanced autonomous driving capabilities. The HiPhi Z incorporates BlackBerry's QNX Neutrino RTOS and Hypervisor, enhancing safety and design flexibility. The vehicle offers a futuristic digital cockpit, driven by AI functionalities, including a voice assistant that interacts intuitively with drivers. This collaboration highlights BlackBerry's commitment to innovation in vehicle architecture, ultimately contributing to smarter and safer mobility solutions.
BlackBerry Limited (NYSE: BB; TSX: BB) plans to report its third-quarter fiscal 2023 results on December 20, 2022, at 5:30 p.m. ET. Investors can access the live conference call via webcast or by phone. The company will also target March 30, 2023 for announcing fourth-quarter results. BlackBerry excels in providing intelligent security software for over 500 million endpoints, including 215 million vehicles. Utilizing AI and machine learning, the company aims to enhance cybersecurity and data privacy solutions.
New research from Make UK and BlackBerry reveals that 42% of UK manufacturers experienced cybercrime in the past year, with 26% reporting significant financial losses between £50,000 and £250,000. The study highlights that while 95% of manufacturers acknowledge the necessity of cybersecurity measures, over half (54%) have not taken further action. Major risks include legacy IT systems (45%) and lack of cyber skills (38%). Despite improvements, many remain vulnerable to cyber threats, particularly from nation-state actors. The report emphasizes the urgent need for enhanced cybersecurity protocols.
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