Skip to content
Join our Newsletter
Join our Newsletter

BlackBerry Ltd. reports net loss of US$54M in Q2, revenue of US$168M

BlackBerry Ltd.'s losses eased in the second quarter compared with last year while its revenue dipped. The company, focused on cybersecurity and internet-enabled technology, says it had a net loss of US$54 million for the quarter ending Aug.
20220927170952-47bfbc667b3acb92f405f9a8dacc4e3fa06a32d1649dcb2d7280aec797283e40
The Blackberry logo located in the lobby of the company's B building in Waterloo, Ont. on May 29, 2018. BlackBerry Ltd.'s losses eased in the second quarter compared with last year while its revenue dipped. The company, focused on cybersecurity and internet-enabled technology, says it had a net loss of US$54 million for the quarter ending August 31, compared with a net loss of US$144 million for the same quarter last year. THE CANADIAN PRESS/Andrew Ryan

BlackBerry Ltd.'s losses eased in the second quarter compared with last year while its revenue dipped.

The company, focused on cybersecurity and internet-enabled technology, says it had a net loss of US$54 million for the quarter ending Aug. 31, compared with a net loss of US$144 million for the same quarter last year.

The loss for the Waterloo, Ont.-based company worked out to 10 cents per diluted share, compared with 25 cents per diluted share last year.

Revenue of US$168 million was down from US$175 million a year earlier.

Analysts had expected a net loss of $39.49 million and revenue of US$166.7 million, according to financial markets data firm Refinitiv.

The company, which has pivoted from devices to software, highlighted how it has struck deals with Volkswagen and Chinese automakers in the quarter to provide its BlackBerry QNX operating system for their vehicles. 

This report by The Canadian Press was first published Sept. 27, 2022.

Companies in this story: (TSX:BB)

The Canadian Press

push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks