BlackBerry Limited - BB STOCK NEWS

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.

BlackBerry (NYSE: BB; TSX: BB) is set to announce its first quarter fiscal year 2025 results on June 26, 2024, at 5:30 p.m. ET. The earnings call will be accessible via live webcast on the company's investor webpage or by dialing in. A playback will be available at 8:30 p.m. ET on the same day. The company also provided tentative dates for the remaining quarterly earnings for fiscal year 2025: Q2 earnings on September 26, Q3 on December 19, and Q4 on March 26, 2025. These dates are subject to confirmation via future press releases.

BlackBerry's recent study reveals that over 75% of software supply chains faced cyberattacks in the past year. Conducted in April 2024, the survey involved 1,000 senior IT and cybersecurity leaders. Findings indicate that 51% of companies could recover from breaches within a week, a slight drop from two years ago, while 40% took a month to recover, an increase from before. Notably, 74% of the attacks occurred through unmonitored or unknown supply chain members. Despite measures like data encryption and multi-factor authentication, companies still suffered financial, data, reputational, and operational impacts. Confidence in supply chain cybersecurity remains high, with 68% of respondents trusting their suppliers' vulnerability management. However, challenges such as lack of technical understanding and visibility hinder regular software inventories. Additionally, while 78% track the impact on end users, only 65% inform their customers due to reputation concerns and resource constraints.