BlackBerry Provides Update on Progress in Separation of Divisions and Path to Profitability
BBBlackBerry(BB) Prnewswire·2024-02-13 06:45

Significant steps taken towards positive cashflow Company is targeting 100millionofannualizednetprofitimprovements,throughacombinationofcostreductionsandmarginexpansion.Thisisinadditionto100 million of annualized net profit improvements, through a combination of cost reductions and margin expansion. This is in addition to 50 million of annualized cost saving actions disclosed in prior quarter Actions to achieve approximately 55millionofthe55 million of the 100 million annualized target have been identified and are being implemented in the current quarter Company continues to expect sequential improvements to operating cash flow us ...