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 (NYSE: BB) revealed findings from its 2022 Annual Threat Report, emphasizing a rise in cyberattacks targeting small to mid-sized businesses. The report highlights small businesses facing up to 11 cyberthreats daily and the trend of outsourcing among cybercriminals, which contributed to significant ransomware incidents. Additionally, it points out that public cloud platforms are increasingly being used to host malware. The report calls for a stronger adoption of Zero Trust security practices across sectors to mitigate these evolving threats.
Tech+IP acted as BlackBerry's exclusive advisor in a significant US$ 600 million transaction involving the sale of over 35,000 patents and related assets. This deal, considered the largest of its type, includes firms such as Catapult Innovations and Third Eye Capital. Tech+IP expressed that this transaction underscores the value of R&D investments and aims to enhance BlackBerry's core business and shareholder value. Previous advisory roles by Tech+IP for BlackBerry include the sale of its Paratek Antenna assets in 2020 and a $940 million arbitration against Qualcomm.
BlackBerry Limited (NYSE: BB; TSX: BB) announced a patent sale agreement with Catapult IP Innovations Inc. for $600 million. This deal involves the sale of non-core patent assets, excluding those vital to BlackBerry's operations. The company will receive $450 million in cash and a $150 million promissory note, payable over five years. The completion of the transaction requires regulatory approvals, which may take up to 210 days. BlackBerry intends to continue its core business without disruption, as customers will not be affected by this transaction.
BlackBerry Limited (NYSE: BB) announced that its QNX® OS for Safety has been selected by Critical Software to enhance safety in Portugal's national rail system. The partnership aims to improve safety measures by implementing a railway protection system that performs supervision for maintenance vehicles, ensuring speed compliance and preventing dangerous scenarios. The pre-certified QNX OS meets stringent safety standards, including ISO 26262 and IEC 61508. This collaboration underscores BlackBerry's commitment to developing secure, reliable solutions across various industries.
BlackBerry Limited (NYSE: BB; TSX: BB) and the University of Waterloo have launched the Water Innovation Challenge, inviting proposals that apply BlackBerry technologies to address global water challenges. This initiative, open from January 10 to February 24, 2022, aims to enhance water security and resilience under the United Nations Sustainable Development Goals. The challenge focuses on cybersecurity in water systems and Internet of Things (IoT) solutions, fostering collaboration in research and technological innovation.
BlackBerry Limited (NYSE: BB) announces a strategic partnership with PATEO, a leading IoV provider in China, to integrate BlackBerry IVY™ into PATEO's Digital Cockpit solution. This collaboration aims to develop innovative, data-driven in-vehicle services and enhance business opportunities in the Chinese electric vehicle market. A pilot project will involve a major Chinese automotive manufacturer, with plans to incorporate advanced AI software from Electra Vehicles. BlackBerry's suite will be showcased at CES in Las Vegas from January 5-8, 2022.
BlackBerry Limited (NYSE: BB; TSX: BB) unveiled the BlackBerry IVY™ Intelligent Vehicle Data Platform at CES 2022, showcasing its adaptive features for software-defined vehicles. The demo highlights real-time AI-driven enhancements aimed at improving driver and passenger experiences during electric vehicle road trips. Collaborations with Amazon Web Services, HERE Technologies, Car IQ, and Electra Vehicles enable capabilities like predictive analysis, payment solutions, and battery optimization. This marks the first public display of BlackBerry IVY on hardware, emphasizing its potential for OEMs and the transportation industry.
BlackBerry Limited (NYSE: BB) has enhanced its BlackBerry Jarvis software analysis tool, enabling compliance with the U.S. government's new software bill of materials (SBOM) requirements. This tool assists vendors to the federal government by generating comprehensive SBOM reports, vital for cybersecurity management. The new feature aligns with Executive Order 14028, aimed at improving national cybersecurity. With this upgrade, BlackBerry Jarvis becomes one of the first tools to facilitate compliance, aiding embedded software developers in securing their products against vulnerabilities.
BlackBerry Limited (NYSE: BB) announced its participation in several virtual investor conferences in January 2022. Notable events include the J.P. Morgan 20th Annual Tech/Auto Forum on January 5, where CEO John Chen will discuss BlackBerry's market position. On January 6, a demonstration of BlackBerry IVY will be presented by Mattias Eriksson, followed by a Q&A. The 24th Annual Needham Virtual Growth Conference on January 11 will cover BlackBerry's cybersecurity solutions. Live streams and replays will be available on BlackBerry's investor website.
BlackBerry Limited (NYSE: BB; TSX: BB) reported Q3 fiscal 2022 revenues of $184 million, exceeding expectations. The company experienced growth in both the IoT and Cybersecurity sectors, with IoT revenue at $43 million and gross margins of 81%, while Cybersecurity brought in $128 million with gross margins of 59%. Despite a non-GAAP operating loss of $24 million, GAAP operating profit stood at $51 million. The company has a strong cash position of $772 million in total investments, with net cash of $407 million.