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 reports news on enterprise software, secure communications, and embedded systems software through its QNX and Secure Communications divisions. QNX updates commonly cover real-time operating systems, safety-certified platforms, hypervisors, robotics, automotive, medical technology, industrial controls, defense, and edge AI deployments. Secure Communications news centers on certified communications, mobile fortification, mission-critical communications, critical events management, and digital sovereignty use cases for governments and regulated organizations.
BlackBerry announcements also include customer selections, technology integrations, industry research, partnerships, and operating results. Recurring financial updates distinguish QNX performance from Secure Communications performance and discuss software revenue, royalty backlog, operating cash flow, and segment profitability.
BlackBerry Limited and Corvus Insurance released a study revealing that 81% of businesses have ransomware coverage limits below $600,000, lower than the previous year's median demand. The survey indicated that 59% of respondents expect government support for ransomware damages. Small-to-medium sized businesses (SMBs) are notably underinsured, with only 14% having coverage above $600,000. The report emphasizes the need for a stronger cybersecurity posture and adherence to software requirements to mitigate ransom payouts.
BlackBerry Limited (NYSE: BB; TSX: BB) announced its participation in key investor conferences in August 2022. Highlights include the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, featuring John Giamatteo, President of BlackBerry's Cybersecurity unit, and the Canaccord Genuity 42nd Annual Growth Conference on August 11, featuring a fireside chat with Giamatteo and Tim Foote, VP of Investor Relations. For more details, visit BlackBerry.com/Investors.
BlackBerry Limited (NYSE: BB) announced that its QNX Software Development Platform 7.1 has achieved conformance with the Future Airborne Capability Environment (FACE) technical standard. This certification enables developers to quickly deploy secure software solutions for defense vehicles, reducing procurement costs and preventing supplier lock-in. For 40 years, BlackBerry QNX has supported aerospace and defense firms in building mission-critical systems. The accreditation allows manufacturers to simplify development processes and accelerate time to market, enhancing their competitive advantage.
BlackBerry Limited (NYSE: BB) announced a partnership with HOZON New Energy Automobile Co., Ltd. to integrate BlackBerry QNX technology into the NETA AUTO's upcoming electric sports sedan, the NETA S. This collaboration will enhance the vehicle's functional safety, cybersecurity, and reliability. The NETA S will feature an advanced digital cockpit powered by BlackBerry QNX Neutrino RTOS and QNX Hypervisor, promoting intelligent driving experiences. The sedan aims to deliver increased levels of safety, comfort, and connectivity, showcasing BlackBerry's role in the evolving automotive sector.
BlackBerry Limited (NYSE: BB) and LeapXpert announced a collaboration to integrate LeapXpert's platform with BlackBerry Dynamics, enhancing secure communication through popular messaging apps like iMessage and WhatsApp. This integration aims to support regulated industries, providing encrypted interactions and secure data storage while ensuring compliance. With the rise of remote work, the partnership addresses the need for secure communication channels in business, leveraging LeapXpert’s API technology for a streamlined user experience.
BlackBerry and L-SPARK have announced the four companies selected for their third cohort in the BlackBerry IVY Connected Car Accelerator program. The chosen companies, Deeplite, Raven Connected, Sensor Cortek, and Wedge Networks, will utilize BlackBerry IVY to enhance connected vehicle technologies. BlackBerry IVY is a cloud-connected platform designed to provide secure access to vehicle sensor data, enabling innovative applications in smart mobility. This initiative aims to accelerate the growth of Canadian technology firms focusing on improving driver and passenger experiences.
BlackBerry Limited (NYSE: BB) has announced that CARIAD, Volkswagen Group's software company, will incorporate its QNX technology in the VW.OS software platform for automated driving. This collaboration supports Volkswagen's NEW AUTO strategy and aims to provide a unified software platform by the middle of the decade. BlackBerry will provide licensing of its QNX OS for Safety 2.2, focusing on advanced driver assistance systems. The QNX technology is certified for safety, trusted by numerous automotive companies, and facilitates the development of safety-critical systems across various industries.
BlackBerry Limited (NYSE: BB) has announced the availability of its asset monitoring solution, BlackBerry Radar, on AWS Marketplace. This solution offers real-time tracking of trailers and containers, providing data on location, cargo status, and environmental conditions through a cloud-based dashboard. BlackBerry Radar is designed to enhance operational visibility for transportation and logistics businesses, particularly during ongoing supply chain challenges. With easy installation and comprehensive features, it aims to improve asset utilization and reduce costs for users.
BlackBerry Limited (NYSE: BB; TSX: BB) has partnered with PATEO to mass-produce PATEO CONNECT+, an intelligent cockpit powered by BlackBerry QNX technology. This new cockpit will feature in over ten vehicle models across five OEMs, enhancing the driving experience with personalized features and high-level system security. The collaboration follows a prior agreement to integrate BlackBerry IVY™ into PATEO's service architecture. The cockpit combines advanced computing power with robust software, signaling a significant advancement in automotive technology.
BlackBerry reported fiscal Q1 2023 revenue of $168 million, with IoT revenue at $51 million (up 19% YoY) and Cybersecurity revenue at $113 million (up 6% YoY). However, the company faced a net loss of $177 million, largely due to a one-time litigation settlement of $165 million. The non-GAAP basic loss per share was $0.05. Despite these challenges, BlackBerry's strategic partnerships and robust market presence position it well for future growth, particularly in the IoT and Cybersecurity sectors.