08:30:36 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



BlackBerry Ltd
Symbol BB
Shares Issued 589,232,539
Close 2024-04-05 C$ 3.83
Market Cap C$ 2,256,760,624
Recent Sedar Documents

Post/CP say BlackBerry loses $56-million (U.S.) in Q4

2024-04-05 07:16 ET - In the News

The Financial Post reports in its Friday edition that BlackBerry says it uncovered another $55-million in cost savings in its latest quarter, when it posted a $56-million loss (all figures U.S.). A Canadian Press dispatch to the Post says that chief financial officer Steve Rai said, "There's still more opportunities to be more efficient." On a Wednesday call to discuss the Waterloo, Ont., tech company's latest financial results, he said there are a number of structural items, ranging from legal entity structures to simplifying IT systems and back-office infrastructure, that the company can undertake. "Those types of things are bigger rocks and that doesn't happen overnight," Mr. Rai told analysts. "We'll obviously actively be looking at how to go about that and formulating the plans to execute on those." In the company's third quarter it reduced its head count by about 200. The company's $56-million loss in its fourth quarter compared with a loss of $495-million a year ago. BlackBerry spent much of the quarter working to separate its Internet of Things and cybersecurity divisions from one another. Mr. Giamatteo said the company is still working on its strategy to establish two profitable stand-alone divisions.

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