TORONTO – Shares in BlackBerry Ltd. fell nearly 10 per cent in early trading after it reported a net loss of US$7.4 million in its fourth quarter compared with a loss of US$56.2 million a year earlier.
Shares in the company were down 51 cents at C$4.84 in trading on the Toronto Stock Exchange shortly after the market opening.
BlackBerry, which keeps its books in U.S. dollars, says its loss amounted to a penny US per share for the quarter ended Feb. 28 compared with a loss of 10 cents US per share a year earlier.
Revenue for the quarter totalled US$141.7 million, down from US$152.9 million in the same quarter last year.
The drop came as secure communications revenue totalled US$67.3 million, down from US$71.6 million a year ago, while QNX revenue amounted to $65.8 million, down from $65.9 million. Licensing revenue was US$8.6 million, down from US$15.4 million in the same quarter last year.
BlackBerry says its adjusted net income for the quarter amounted to a profit of three cents US per share, the same as a year earlier.
This report by The Canadian Press was first published April 2, 2025.
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