BlackBerry Ltd. says its net loss widened to US$144 million in its latest quarter as revenue fell 32 percent.
The Waterloo, Ont., based company, which reports in US dollars, says it lost 25 cents per share in the three months ended August 31, compared to a loss of four cents per share, or US$23 million, a year earlier. happened.
Losses include 12 cents per share for non-cash accounting adjustments for the fair value of convertible debentures as a result of market and trading conditions.
Excluding one-time items, it came in for an adjusted profit of $58 million, or 10 cents per share, in the second quarter of its fiscal year 2021 with an adjusted loss of US$33 million, or six cents per share.
According to financial data firm Refinitiv, BlackBerry was expected to report an adjusted loss of seven cents per share and a net loss of 13 cents per share on revenue of US$163.5 million.
The company says it has hired John Giamatteo, who was president and chief revenue officer at McAfee, to head the cybersecurity business effective October 4.