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Business

    • BlackBerry net loss surges to US$144 million in Q2 as revenue drops 32 per cent

    Old BlackBerry devices are pictured in North Vancouver, B.C., Nov. 15, 2018. THE CANADIAN PRESS/Jonathan Hayward Old BlackBerry devices are pictured in North Vancouver, B.C., Nov. 15, 2018. THE CANADIAN PRESS/Jonathan Hayward
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    WATERLOO, Ont. -

    BlackBerry Ltd. says its net loss surged to US$144 million in its latest quarter as revenues fell 32 per cent.

    The Waterloo, Ont., based company, which reports in U.S. dollars, says it lost 25 cents per share in the three months ended Aug. 31, compared with a loss of four cents per share or US$23 million a year earlier.

    The loss includes 12 cents per share for a non-cash accounting adjustment to the fair value of the convertible debentures as a result of market and trading conditions.

    Excluding one-time items, it swung to an adjusted loss of US$33 million or six cents per share, versus an adjusted profit of $58 million or 10 cents per share in the second quarter of its fiscal 2021.

    BlackBerry was expected to report an adjusted loss of seven cents per share and a net loss of 13 cents per share on US$163.5 million of revenues, according to financial data firm Refinitiv.

    The company says it has appointed John Giamatteo, who was president and chief revenue officer at McAfee, as president of its cybersecurity business effective Oct. 4.

    This report by The Canadian Press was first published Sept. 22, 2021.

    Companies in this story: (TSX:BB)

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    Canada

    • Advocates have identified the woman who died this week after being shot by police in Surrey, B.C., as a South American refugee who was raising a young daughter.

    • Three men were injured after trying to subdue a man armed with a knife during afternoon prayers at a Montreal-area mosque Friday afternoon.

    • The RCMP is seeking the dismissal of three officers who have been suspended from the Coquitlam detachment since June 2021 over allegations of racist, sexist and homophobic comments made in a group chat.

    • Police have arrested an 18-year-old woman who allegedly stole a Porsche and then ran over its owner in an incident that was captured on video.

    • Provincial police investigating the death of a cat that was allegedly set on fire in Orillia earlier this week released surveillance video of a person of interest in the case.

    • The search for a missing six-year-old boy in Shamattawa is continuing Friday as RCMP hope recent tips can help lead to a happy conclusion.

    World

    Politics

    Health

    • A Nova Scotia woman has applied for a medically assisted death, saying after years of battling to receive out-of-country surgery for an illness that causes 'indescribable' pain, she struggles to maintain the will to live.

    Sci-Tech

    Entertainment

    • Getting a photograph of a rainbow? Common. Getting a photo of a lightning strike? Rare. Getting a photo of both at the same time? Extremely rare, but it happened to a Manitoba photographer this week.

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    Business

    Lifestyle

    • When Bernard Morissette got a call from Loto-Quebec on Sept. 18 and was asked if he was sitting down, he had no idea what was coming his way.

    • An anonymous business owner paid off the mortgage for a New Brunswick not-for-profit.

    Sports

    • The Winnipeg Blue Bombers have won five in a row. The Edmonton Elks have won five of their last six games. They are the two hottest teams in the West. When they meet Saturday at Commonwealth Stadium, something has to give.

    • Agreement in principle has been reached to build a new NHL arena at LeBreton Flats has been reached between the Ottawa Senators and the National Capital Commission (NCC), the two sides announced Friday.

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    Autos

    Local Spotlight

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    Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

    The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

    The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

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    • Advocates have identified the woman who died this week after being shot by police in Surrey, B.C., as a South American refugee who was raising a young daughter.

    • On the day he spoke to one of his largest audiences to date, the leader of the BC Conservatives made an exceptionally misleading statement around a well-publicized funding model for political parties that’s been in place since 2018.

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    • The parents of a teenager who died after allegedly consuming the poisonous products of a Mississauga man are now suing him, as well as several doctors involved in her care.

    • One person was rushed to the hospital with life-threatening injuries after a multi-vehicle collision in Milton, Ont. on Friday night.

    • The man charged with fatally stabbing lifelong Banff resident Ethan Enns-Goneau in 2022 has been convicted of second-degree murder.

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    • Agreement in principle has been reached to build a new NHL arena at LeBreton Flats has been reached between the Ottawa Senators and the National Capital Commission (NCC), the two sides announced Friday.

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    • Ottawa police are investigating a shooting downtown Friday afternoon.

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    • A man who asserted his right to work in French has won his case before the Tribunal, invoking the new provisions of the province's French-language law (Bill 96) to that effect.

    • Two Edmonton Police Service officers have been criminally charged in connection with an assault.

    • Roughly 100 people gathered in an Edmonton intersection on Friday in support of – and against – the 1 Million March for Children.

    • The Fairmont Jasper Park Lodge announced Friday it is now accepting reservations from guests for accommodations beginning Oct. 1.

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    • Air travel is back in full swing at the Halifax Stanfield International Airport.

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    • A plane approaches the grass runway at Harv’s Air School south of Steinbach. Nothing is getting in the way of a clear, smooth landing, but owner Harv Penner worries, that could soon change.

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    N.L.

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