BlackBerry Ltd (NYSE:BB) reported second-quarter financial results Thursday after the bell. Here’s a rundown of the report.
Q2 Earnings: BlackBerry reported second-quarter revenue of $145 million, beating analyst estimates of $141.42 million. The company reported breakeven second-quarter earnings on an adjusted basis, beating analyst estimates for a loss of 3 cents per share, per Benzinga Pro.
IoT revenue was $55 million, up 12% year-over-year. Cybersecurity revenue totaled $87 million in the quarter, up 10% year-over-year. Licensing revenue came in at $3 million.
BlackBerry ended the quarter with $265 million in cash, cash equivalents and short- and long-term investments.
“BlackBerry reached a significant milestone on our path to ...
