u/Commercial_Sound1448

▲ 168 r/BB_Stock+1 crossposts

BlackBerry lifts annual revenue forecast as QNX unit powers growth

  • Revenue increased 26% year-over-year to approximately $153 million
  • Adjusted EBITDA grew 144% year-over-year; GAAP operating income increased year-over-year to approximately $15 million
  • Both QNX and Secure Communications achieved Rule of 40 performance, contributing to BlackBerry's fifth consecutive quarter of positive GAAP net income; Adjusted EPS exceeded expectations
  • First fiscal quarter of positive operating cash flow in nine years, excluding the patent sale in FY24

Bloomberg

u/Commercial_Sound1448 — 2 months ago