BlackBerry Up 5% As Expects a "Return To Profitability" In FY25

MT Newswires
2024-10-17

BlackBerry Limited (BB.TO) was at last look up 5% in Wednesday afternoon trade on the TSX after saying it expects a "return to profitability" In fiscal year 2025, from a "significant loss position" in fiscal year 2023.

At its 2024 Investor Day, Blackberry said revenues for 2025, 2026 and 2027 are anticipated to be between US$591-$616 million, US$620-$650 million and US$655-$685 million respectively.
This would represent a compounded annual growth rate of 5% over those three fiscal years.

Meanwhile, the Adjusted gross margins for the same three years were forecast at 71%, 73%, and 74% respectively.

Meanwhile, Adjusted EBITDA for the the same three fiscal years is anticipated to be US$0-$10 million, US$50-65 million and US$80-95 million respectively, with adjusted EBITDA margins of 2%, 10% and 14% respectively.

At the Investor Day Blackberry provided profitability details for the company's IoT and Cybersecurity divisions, including for the Cylance business; revenue and profitability forecasts for each division and the company as a whole for fiscal 2026 and 2027; and capital allocation priorities and strategic direction.

John J. Giamatteo, BlackBerry's recently appointed new Chief Executive, in a statement said: "As a new management team, we've taken a fresh look at our capital allocation priorities, increasing focus on BlackBerry's growth engines, particularly QNX."










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