07:48 AM EDT, 04/02/2025 (MT Newswires) -- BlackBerry (BB.TO) on Wednesday reported higher fourth-quarter adjusted profit that beat forecasts.

The adjusted net income for the three months ending February 28, climbed to US$17.7 million, or US$0.03 per share, from US$16.4 million, or US$0.03 per share in the prior year period. The result beat analysts' expectations of US$ nil per share, according to FactSet.

Revenue fell to US$142 million from $153 million, missing the US$185.9 million forecast.

For the fiscal first quarter, Blackberry is forecasting a non-GAAP loss per share of US$0.01 to breakeven and earnings per share for fiscal 2026 of US$0.08 to US$0.10. Revenue for the quarter is forecast to be between US$107 million to US$115 million while fiscal 2026 revenue is seen at US$504 million to US$534 million.

"BlackBerry closed out this transformational fiscal year with another quarter of strong financial performance from all three divisions: QNX, Secure Communications and Licensing. We also took a big step forward by completing the sale of the Cylance business to Arctic Wolf, a win-win for all parties, and significantly strengthening our balance sheet in the process." said John Giamatteo, chief executive officer.

The company's shares were last seen down US$0.07, to US$3.66 in pre-market New York trading.