Blackberry Stock Price, News & Analysis

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.

On June 22, 2022, BlackBerry Limited (NYSE: BB) announced the election results for its board of directors during the annual shareholder meeting. All eight nominees listed in the proxy circular dated May 2, 2022, were elected to serve until the next annual meeting. Voting results showed strong support for the candidates, with John Chen receiving 83.94% votes in favor, while V. Prem Watsa faced a close vote with only 50.73% in favor. BlackBerry continues to provide cybersecurity solutions to over 500 million endpoints globally.

BlackBerry Limited (NYSE: BB) reported a significant milestone, with its QNX software embedded in over 215 million vehicles globally, reflecting a year-over-year increase of 20 million vehicles. The company's royalty revenue backlog reached approximately $560 million, an increase of 14% from $490 million the previous year. BlackBerry continues to secure design wins with major automotive leaders and remains a trusted provider of safety-critical embedded software, indicating strong demand within the rapidly evolving automotive sector.

BlackBerry Limited announced updates to its QNX Advanced Virtualization Frameworks (QAVF) on June 14, 2022, enhancing support for Google’s Android Automotive OS (AAOS). The new QAVF, already adopted by numerous OEMs, is designed to simplify development and accelerate time to market for Android-based IVI systems. BlackBerry QNX technology is currently in production with 45 OEMs, securing over 195 million vehicles globally. This development reinforces BlackBerry's leadership in the embedded automotive software market, especially with increasing demand for advanced driver assistance systems and autonomous driving technologies.