Summary by Moomoo AI
BlackBerry Limited reported financial results for Q3 FY2025 ended November 30, 2024. Revenue was $143 million, down from $152 million in Q3 FY2024. Net loss was $11 million or $0.02 per share, improved from a net loss of $21 million or $0.04 per share last year. Adjusted net income was $12 million or $0.02 per share.The company announced an agreement to sell its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and 5.5 million Arctic Wolf shares. After adjustments, BlackBerry will receive approximately $80 million cash and the shares at closing, with an additional $40 million cash payment one year later.BlackBerry raised its full-year IoT revenue outlook to $230-235 million. It expects Q4 revenue of $126-135 million and adjusted EBITDA of $10-20 million. The company ended the quarter with $266 million in cash and investments. Management expressed confidence in the company's strategy and growth prospects in IoT and secure communications markets.
