Summary by Moomoo AI
BlackBerry reported significant progress in Q2 FY2025, achieving breakeven adjusted EBITDA and non-GAAP EPS. Total revenue reached $145 million, with both IoT and Cybersecurity divisions recording double-digit year-over-year growth of 12% and 10% respectively. GAAP net loss improved by 55% to $19 million, while operating expenses decreased 24% from the prior year baseline.The IoT division generated $55 million in revenue with an 82% gross margin, while Cybersecurity revenue was $87 million with a 55% gross margin. Operating cash usage improved by $43 million year-over-year to $13 million. The company maintained a strong financial position with total cash and investments of $265 million.Looking ahead, BlackBerry provided Q3 FY2025 guidance with total revenue expected between $146-154 million and raised the bottom end of full-year IoT revenue guidance to $225-235 million. The company anticipates maintaining breakeven to positive adjusted EBITDA of up to $10 million for both Q3 and full fiscal year 2025.
