Blackberry Stock Price, News & Analysis

On August 17, 2021, BlackBerry issued a public advisory regarding an integer overflow issue affecting older versions of its QNX Real-Time Operating System (RTOS) from 2012 and earlier. The company confirmed that no current versions are impacted and has provided software patches and 24/7 support to affected customers, all of whom have been notified. BlackBerry is committed to software security and is working with government agencies and industry groups to address the issue.

BlackBerry Limited (NYSE: BB) announced a new vehicle-based payment solution aimed at tapping into the projected €530 billion connected car payments market by 2030. This solution enables automakers to securely connect vehicles to banking networks for payments related to services like fuel and tolls. Developed in partnership with Car IQ, it utilizes BlackBerry IVY's edge computing capabilities and vehicle sensors for enhanced security. The initiative is expected to streamline payments and create new revenue opportunities for automakers, benefiting fleet managers and individual vehicle owners.

BlackBerry Limited (NYSE: BB; TSX: BB) has announced its participation in two upcoming virtual investor conferences in August 2021. The first is the J.P. Morgan 2021 Auto Conference on August 11 at 3:30 PM ET, hosted by John Chen, focusing on BlackBerry's automotive market opportunities. The second is the Canaccord Genuity 41st Annual Growth Conference on August 12 at 3:00 PM ET, featuring Ryan Permeh and Eric Milam discussing cybersecurity opportunities. Both events will be available via live webcasts.

BlackBerry Limited (NYSE: BB) has introduced an innovative flood risk and clean water monitoring solution based on its AtHoc platform. This technology enables autonomous monitoring and provides early warnings, potentially saving local municipalities up to $1 million annually in operating expenses. BlackBerry partnered with the University of Windsor to deploy the solution in Canada, addressing critical environmental issues exacerbated by climate change. The initiative aims to improve safety and reduce risks associated with water scarcity and flooding.

BlackBerry (NYSE: BB) has announced that its QNX® OS for Safety will be implemented in sTraffic's Communications-based Train Control System (CBTC) in South Korea. This partnership aims to enhance railway safety by utilizing QNX OS for Safety's certified software solutions across various industries including rail transportation. With features certified to ISO 26262 ASIL D and IEC 61508 SIL3, the QNX OS will support the development of industry's stringent safety standards. sTraffic plans to use it for the KORAIL Korea Train Control System for unmanned train operations.

BlackBerry Limited (NYSE: BB; TSX: BB) launched BlackBerry Jarvis 2.0 on July 26, 2021, enhancing its software composition analysis tool. This SaaS version focuses on critical areas for developers and integrators, including Open-source Software, Common Vulnerabilities and Exposures, and Software Bill of Materials. The improved dashboard offers actionable insights to identify software vulnerabilities, crucial for industries like medical, automotive, and aerospace. The release aligns with upcoming cybersecurity regulations, enabling OEMs to secure their software supply chains.

BlackBerry Limited (NYSE: BB) announced a virtual fireside chat on July 21, 2021, at 11:00 am ET, focusing on its IoT business and market opportunities. President Mattias Eriksson will discuss advancements with Tim Foote from Investor Relations. Topics include BlackBerry QNX, IVY, and partnerships with Amazon Web Services. The chat will be available for replay at 1:30 pm ET on the same day. BlackBerry secures over 500M endpoints and focuses on cybersecurity, data privacy, and innovative solutions for connected industries.

BlackBerry Limited reported a total revenue of $174 million for the first quarter of fiscal 2022, with Cyber Security revenue at $107 million and IoT revenue at $43 million. The company saw a 66% gross margin overall, while IoT enjoyed an 84% gross margin. Despite a non-GAAP loss per share of $0.05 and a GAAP loss per share of $0.11, BlackBerry noted substantial growth in its QNX royalty backlog, which rose by 9% year-over-year. Business highlights include partnerships with Volvo Group and WM Motor to enhance its IoT solutions.

BlackBerry Limited (NYSE: BB) announced the election results of its board of directors at the annual shareholder meeting held on June 23, 2021. All nine nominees listed in the management proxy circular dated May 3, 2021 were elected. Notably, Michael A. Daniels received 95.68% of votes in favor, while Barbara Stymiest garnered 82.06%, the lowest percentage among nominees. The elected directors will serve until the next annual meeting. BlackBerry continues to focus on providing intelligent security solutions to enterprises and governments globally.