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William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical writing. Other jobs have… Read more
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Published: 06:14 04 Apr 2024 EDT
Blackberry (TSX:BB) reported record quarterly revenues in its Internet of Things (IoT) division in a post-session trading update, with total sales jumping 25% year on year to $66 million.
At an 85% gross margin, IoT was a top cash generator for the mobile phone-cum-software company, though cybersecurity remained the primary revenue driver at $95 million in the quarter.
Firm-wide revenues for the quarter came to $173 million on a 75% gross margin, while total company revenue for the entire year came to $853 million, though this was heavily influenced by the $218 million disposal of a legacy patent portfolio.
Blackberry (TSX:BB) enacted a stringent cost-saving program in the fourth quarter, with cash used by operations more than halving sequentially to $15 million.
BlackBerry anticipates the current quarter to be an adjusted earnings loss maker, but should break even for the full year.
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Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to shared its unaudited production figures for Hive Digital Technologies for March 2024, along with updates on the company's Bitcoin holdings and mining operations. Holmes revealed that Hive Digital…
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