BlackBerry's Q4 loss reduced to $56M from $495M, while revenue increased to $173M from $151M.
BlackBerry Ltd. reported a $56 million loss in Q4, a significant improvement from a $495 million loss the previous year. The company's revenue for the quarter ended Feb. 29 reached $173 million, up from $151 million in the prior year's Q4. Revenue from its internet of things business rose to $66 million, while cybersecurity revenue was $92 million. BlackBerry has been working to separate its IoT and cybersecurity divisions.
April 03, 2024
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