05:34 PM EDT, 09/26/2024 (MT Newswires) -- BlackBerry (BB.TO, BB) edged higher in after-hours New York trading after the company on Thursday said its fiscal second-quarter loss narrowed on higher sales.

The company said it lost US$19 million, or US$0.03 per share, in the quarter ended Aug.31, compared to a loss of US$42 million, or US$0.07, in the year-prior period.

Blackberry said on adjusted earnings, excluding most one-time items, broke even on a per-share basis, topping the the consensus estimate for a US$0.03 per share adjusted loss among analysts polled by Capital IQ.

Revenue rose 9.9% to US$145 million from US$132 million, while adjusted EBITDA rose by US$22 million to breakeven.

"BlackBerry reached a significant milestone on our path to profitability by recording breakeven adjusted EBITDA and non-GAAP EPS. This result was achieved through a combination of stronger than expected, double-digit revenue growth for both IoT and Cybersecurity, as well as tremendous ongoing progress in rationalizing our cost structure. Operating expenses for the quarter were 24% lower than the baseline for the prior year," chief executive John Giamatteo said in a release.

The company said it expects fiscal third-quarter revenue of around US$150 million and full-year revenue of US$591 million to US$616 million.

Blackberry shares were last seen up US$0.03 to US$2.57 after hours. They closed up $0.22 to $3.45 on the Toronto Stock Exchange.