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 (BB) provides mission-critical cybersecurity solutions and embedded systems for global enterprises. This news hub offers investors and professionals timely updates on strategic initiatives across automotive security, artificial intelligence applications, and enterprise endpoint management.
Access all official press releases and market analyses in one centralized location, including earnings announcements, product innovations, and partnership developments. Our curated collection enables efficient tracking of BlackBerry's progress in securing connected vehicles, industrial IoT ecosystems, and government communications infrastructure.
Key updates cover regulatory filings, technology licensing agreements, and cybersecurity threat response initiatives. Bookmark this page for direct access to BlackBerry's evolving position in data protection markets and its QNX platform's expanding role in software-defined vehicles.
Car IQ has partnered with BlackBerry to showcase a breakthrough in automotive payments at CES 2023. The new in-dash vehicle wallet, powered by BlackBerry IVY, allows drivers to pay for gas, tolls, parking, and EV charging directly from their car without a credit card. This innovation enables secure transactions and enhances customer engagement through merchant offers. Car IQ Pay is already accepted at over 21,500 fuel stations, simplifying the process of refueling and ensuring efficient payment processing for consumers and fleets alike.
BlackBerry and Elektrobit are enhancing their automotive safety initiatives by integrating the Rust programming language, aimed at improving developer efficiency and safety in software for vehicles. This collaboration responds to industry demands for safer, reliable automotive software, as Rust addresses memory safety vulnerabilities, which constitute 60-70% of security flaws in existing languages. BlackBerry QNX is already deployed in over 215 million vehicles globally, marking a significant step in maintaining competitive standards in software-defined vehicles.
On January 5, 2023, BlackBerry Limited announced that Garmin has selected its QNX® technology for Garmin's next-gen proof of concept at CES 2023. The Unified Cabin™ integrates multiple operating systems on a single system on chip (SoC).
Garmin chose BlackBerry QNX for its safety and reliability, essential in automotive applications. The deal further solidifies their partnership as the industry seeks safe ways to run Android Automotive OS alongside RTOS. BlackBerry QNX products are featured in over 215 million vehicles globally, enhancing automotive safety and cybersecurity.
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.
FAQ
What is the current stock price of Blackberry (BB)?
What is the market cap of Blackberry (BB)?
