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BlackBerry reports US$19-million loss in second quarter
WATERLOO, ONTARIO — BlackBerry Ltd. reported a net loss of US$19 million in its second quarter, compared with a US$42-million net loss a year earlier.
The Waterloo, Ont.-headquartered company says revenue for the quarter ended Aug. 31 was US$145 million, just up from US$144 million during the same quarter last year.
Diluted loss per share came in at three cents US, compared with seven cents US last year.
The company says revenue for both its cybersecurity and Internet of Things divisions grew by double digits year over year.
Revenue for the cybersecurity division was US$87 million, while the Internet of Things division brought in US$55 million.
BlackBerry has been working on splitting the two divisions.
This report by The Canadian Press was first published Sept. 26, 2024.
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