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 (NYSE: BB; TSX: BB) generates a steady stream of news centered on its role as a provider of intelligent software and services for enterprises, governments, automakers, and industrial organizations. Many recent announcements highlight the company’s QNX division, which supplies foundational software for mission-critical embedded systems and software-defined vehicles, as well as developments in Secure Communications and critical event management.
Visitors to this news page can review updates on QNX’s automotive collaborations, such as its foundational role in next-generation vehicle architectures and its presence in hundreds of millions of vehicles, as described in recent press releases. Coverage also includes product and platform announcements like QNX’s Foundational Vehicle Software Platform with Vector, QNX Cabin, QNX Sound, and the QNX Everywhere initiative to broaden developer and academic access to QNX technology.
BlackBerry’s news flow also features Secure Communications and BlackBerry AtHoc, including enhancements to the AtHoc mobile experience for critical event management. Financial results, investor briefings, and corporate governance updates appear alongside technology-focused stories, reflecting the company’s status as a publicly traded issuer that reports quarterly earnings and hosts investor events.
This page brings together these categories of news so that readers can follow BlackBerry’s progress in automotive software, embedded systems, secure communications, and developer ecosystem initiatives, as well as its financial and corporate disclosures referenced in press releases and SEC filings.
BlackBerry Limited (NYSE: BB) has launched a free open-source tool called PE Tree for cybersecurity professionals, enhancing malware reverse engineering efficiency. This tool, initially for internal use, allows users to visualize Portable Executable (PE) files in a tree-view format and integrates with Hex-Rays' IDA Pro decompiler. Eric Milam emphasized the need for advanced tools as cyber threats grow, with over 1 billion malware types currently in existence, increasing by 100 million annually. PE Tree supports Windows, Linux, and Mac operating systems.
BlackBerry Limited (NYSE: BB) has expanded its partnership with Vodafone to offer BlackBerry AtHoc as an emergency alert and crisis communications solution. The collaboration will serve clients like Greater Manchester Police and Greater Manchester Fire and Rescue Service, enabling secure communications and real-time alerts. This partnership builds on their ongoing relationship since 1999 and aims to enhance operational efficiency during critical events, ensuring safety and quick information exchange.
BlackBerry Limited (NYSE: BB) partners with Canoo to provide the QNX operating system for advanced driver-assistance systems (ADAS) in Canoo's semi-autonomous electric vehicles (EVs). The collaboration includes licensing the QNX OS for Safety 2.0, crucial for secure autonomous vehicle features. Canoo aims to launch its first production vehicles with level 2 autonomy by late 2021, targeting a market expected to reach nearly $600 billion by 2026. BlackBerry's QNX technology is already embedded in over 175 million vehicles globally, demonstrating its established presence in the automotive industry.
BlackBerry Limited (NYSE: BB) announced a consent from 88.39% of holders of its 3.75% unsecured convertible debentures to redeem these debentures before November 13, 2020. The company plans to redeem US$605 million worth of debentures at a price of 101.6854% on or about September 1, 2020. Simultaneously, BlackBerry obtained commitments to issue US$535 million in new 1.75% convertible debentures convertible at US$6.00 per share. This restructuring aims to reduce interest expenses by over 58% and enhance liquidity, with Fairfax Financial continuing as a key lender.
BlackBerry Limited (NYSE: BB) reported Q1 Fiscal 2021 results, with non-GAAP revenue of $214 million and GAAP revenue of $206 million, down from $267 million and $247 million respectively year-over-year. The company posted a GAAP loss of $1.14 per share, primarily due to a $594 million goodwill impairment charge. Despite challenges in the auto sector, demand for BlackBerry's security solutions rose amid increased remote working. The company holds $955 million in cash, but has not provided a financial outlook for the fiscal year due to economic uncertainty.
On June 23, 2020, BlackBerry Limited (NYSE: BB; TSX: BB) announced the successful election of nine director nominees during its annual shareholder meeting. Notable results include John Chen receiving 95.70% approval and V. Prem Watsa with 90.15%. The elected directors are set to serve until the next annual meeting. BlackBerry, headquartered in Waterloo, Ontario, specializes in intelligent security software, securing over 500 million endpoints globally, including 175 million vehicles. With a vision to enhance cybersecurity, BlackBerry integrates AI and machine learning into its solutions.
On June 23, 2020, BlackBerry Limited announced that its QNX software is now embedded in over 175 million vehicles, marking a 25 million increase since June 2019. This significant growth underscores BlackBerry's leading role in providing secure software for connected and autonomous vehicles, used by major automakers like Audi, BMW, and Ford. The company reported a nearly threefold increase in automotive footprint over five years, highlighting the shift towards software-defined vehicle architectures.