Summary by Moomoo AI
On September 26, 2024, BlackBerry Limited announced its financial results for the second quarter of fiscal year 2025, which ended on August 31, 2024. The company achieved breakeven adjusted EBITDA and non-GAAP EPS, with a GAAP net loss improvement of $23 million, or 55%, year-over-year to $19 million. The GAAP loss per share improved by $0.04 to $0.03. BlackBerry reported double-digit year-over-year revenue growth for both its IoT and Cybersecurity divisions, leading to a raise in the bottom end of the full-year guidance range for IoT. Total company revenue was $145 million, with IoT revenue growing 12% to $55 million and Cybersecurity revenue increasing by 10% to $87 million. The company also reported an operating cash usage improvement of $43 million year-over-year. BlackBerry's CEO, John J...Show More