Smartphone company BlackBerry Limited (NYSE: BB) reported total revenue of $168 million for the first quarter of 2023, compared to $174 million in the same period last year.
During the three-month period, the tech firm incurred a net loss of $181 million or $0.35 per share, compared to a loss of $62 million for $0.11 per share last year. Adjusted loss, on a per-share basis, remained unchanged at $0.05 per share.
Read management/analysts’ comments on BlackBerry’s Q1 2023 earnings
“The IoT business maintained its momentum of new design wins in rapidly growing core Auto domains, including Advanced Driver Assistance Systems and Digital Cockpits, and delivered a third consecutive record quarter for pre-production revenues. The Cybersecurity business demonstrated solid traction in the market by recording double-digit year-over-year billings growth,” said John Chen, CEO of BlackBerry.