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Western Union Appoints Ricardo Alair to Lead Operations Across the Philippines, Guam, Northern Mariana Islands and Palau

Western Union Appoints Ricardo Alair to Lead Operations Across the Philippines, Guam, Northern Mariana Islands and Palau

Business Wire5 hours ago

MANILA, Philippines--(BUSINESS WIRE)--Western Union today announced the appointment of Ricardo Alair as Director for the Philippines, Guam, Northern Mariana Islands and Palau. His appointment comes as the Company accelerates its growth strategy, expanding access to financial services for customers across the region.
'We are thrilled to welcome Ricardo to Western Union,' said Gregory Laurent, Western Union's Regional Vice President for Japan, Philippines, Australia, New Zealand & Pacific Islands. 'His extensive experience in financial services and telecoms, paired with a sharp understanding of the local market, makes him uniquely positioned to lead our operations in the Philippines and neighboring territories. Ricardo's leadership will play a key role in enhancing our customer experience and driving meaningful impact across the communities we serve.'
With over 20 years of experience across financial services, telecommunications and business strategy, Alair brings a strong track record of innovation, operational excellence and sustainable growth. He spent more than 14 years at Globe Telecom in senior leadership roles. This included eight years under its Mobile Financial Services unit, GCASH, where he was instrumental in shaping business operations and corporate planning.
Most recently, Alair served as Deputy General Manager at Lulu Money Philippines. Here he led the launch of the Company's e-wallet business - overseeing startup operations, product development and full-scale deployment.
Commenting on his appointment, Alair said, 'It is a privilege to join Western Union at such a transformative moment for the industry. The Philippines and surrounding markets have vibrant, fast-moving financial ecosystems and I am excited to drive Western Union's next phase of innovation and progress. I look forward to working with our teams and partners to bring trusted, relevant solutions that truly support our customers as their needs evolve and grow.'
Western Union has been operating in the Philippines for over three decades, connecting customers to their loved ones globally through its physical and digital channels. The Company remains committed to supporting the financial journeys of individuals, families and communities through trusted international money transfer services.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

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E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District
E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District

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E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District

CALGARY, Alberta, June 25, 2025--(BUSINESS WIRE)--E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3 Lithium" or the "Company," a leader in Canadian lithium, is pleased to release an updated mineral resource report for its Garrington District in central Alberta. The NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate (the "Garrington Report") outlines an updated Measured and Indicated mineral resource estimate of 5.0 million tonnes ("Mt") of lithium carbonate equivalent ("LCE"). Highlights: The Garrington District includes 273,449 hectares of land Measured and Indicated mineral resource estimate of 5.0 Mt LCE Inferred mineral resource estimate of 0.3 Mt LCE E3 Lithium's total Measured and Indicated mineral resources in Alberta is now 21.2 Mt LCE The Garrington District is located in south-central Alberta directly southwest of the city of Edmonton at the north end, and it extends southwest of Edmonton to the town of Sundre (Figure 1). Within the Garrington District, the Company's brine-hosted mineral rights cover approximately 155,236 hectares, leased from the crown, with the remaining area being unleased freehold mineral rights. The lithium concentrations on or near E3 Lithium's Land holdings range from 45 mg/L to 61 mg/L, with an average of 54mg/L. The property sits directly to the west of E3 Lithium's Bashaw District where the Company is currently developing its Clearwater Project. Similar to the Bashaw District, the Garrington District lithium brine deposit is hosted in the carbonate reef complex deposits of the Leduc Formation. "Alberta's lithium resources stand out globally as some of the most significant in size, thanks to the scale of the brine aquifers in the province," said Chris Doornbos, President and CEO of E3 Lithium. "The resource update in the Garrington District highlights a separate region containing vast volumes of lithium-enriched brines to the west of our existing Bashaw District resources. E3 Lithium continues to focus our efforts on the development of the Clearwater Project and the additional Garrington resources expand our sizable inventory for long-term value creation." The disclosure in this news release of scientific and technical information pertaining to the Garrington District has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are "Qualified Person's" as defined under NI 43-101– Standards of Disclosure for Mineral Projects. The technical report will be available on the Company's website ( and SEDAR ( within 45 days of this announcement. Garrington District Brine Resource EstimateThe Garrington Report follows from the NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, which included a small subsection of the area encompassed in the Garrington Report. The Garrington mineral resource estimate has been calculated across the Garrington Lithium District and was developed as outlined below. First, data compilation and review of existing reports within the Garrington Lithium District were conducted. Then, a reservoir depositional framework was developed based on core descriptions and lithofacies analysis. Thirdly, petrophysical modeling on geophysical wireline logs, validated against core analysis where possible, was performed. Finally, geological models were generated and leveraged for reservoir volume calculations. The updated mineral resource estimate for the Garrington District is summarized in the table below. The mineral resource estimate is categorized as Measured, Indicated, and Inferred depending on geological confidence. Table 1: E3 Lithium's Garrington District Brine Resource Estimates Resource Category1 Brine Volume (m3) Weighted Average Li Grade (mg/L)2 OLIP (t Li)3 OLIP (t LCE) 3 Measured 560,000,000 55 30,000 163,000 Indicated 17,005,000,000 54 905,000 4,817,000 Total Measured & Indicated 17,565,000 54 935,000 4,980,000 Inferred 1,485,000,000 42 60,000 319,000 1. The Intervals reported follow the following definitions: Measured - evidence is sufficient to confirm geological, and grade or quality continuity between points of observation; Indicated - evidence is sufficient to assume geological, and grade or quality continuity between points of observation and Inferred - evidence is sufficient to imply but not verify geological, grade or quality continuity. 2. Based on LCE tonnage. 3. Brine Resource estimates are inclusive of unleased freehold mineral rights. The mineral resource estimate was completed by a multi-disciplinary team led by E3 Lithium and supervised by Meghan Klein and Alexey Romanov of Sproule ERCE, acting as Qualified Persons using volumetric analysis based on geological parameters of reservoir geometry, effective porosity, permeability, and dissolved lithium concentrations. The mineral resource estimate benefited from a considerable amount of data compiled by the oil and gas industry and made public by the Government of Alberta. Key data sets used to determine reservoir brine parameters in the resource area include core plug analyses (porosity and permeability), and wireline logs geological and petrophysical interpretation (stratigraphic tops, lithology, volume of shale, and porosity). To calculate the brine volume for each zone within the Leduc Formation, the brine volume was exported from the geological model, incorporating three district brine saturations. The brine volume is multiplied by the lithium grade to calculate the Original Lithium in Place (OLIP) in tonnes of elemental lithium and in tonnes of lithium carbonate equivalent. Resource categorization reflects the confidence in both the data sets and the interpretations. Measured resources exist within the conceptual development area and are restricted to volumes exceeding a 6% porosity cut-off within a single connected geobody volume with lithium grade measurements. Indicated resources exist across the Garrington District and are restricted to volumes exceeding a 2% porosity cut-off within a single connected geobody with lithium grade measurements. Inferred resources make up all geobody volumes above the 2% porosity cut-off. With the updated Garrington Resource Estimate, E3 Lithium's total Measured and Indicated lithium resources in Western Canada are now in excess of 21 Mt LCE with an additional 2.9 Mt of Inferred resources. Included in this number is approximately 1.13 Mt of Proven and Probable mineral reserves in the Bashaw District that provide the basis for the Clearwater Project currently under development and outlined in the Pre-Feasibility Study published in July 2024. Table 2: E3 Lithium's Total Lithium Brine Reserves and Brine Resources Lithium Carbonate Equivalent (tonnes) Average Lithium Grade (mg/L) Brine Reserves Brine Resources1 District (Province) Proven & Probable Measured Indicated Measured & Indicated Inferred Measured & Indicated Inferred Bashaw (AB) 1,137,850 6,687,200 9,530,900 16,218,100 N/A 75 N/A Garrington (AB) N/A 163,000 4,817,000 4,980,000 319,000 54 42 Estevan (SK) N/A N/A N/A N/A 2,545,000 N/A 98 Total 1,137,850 6,850,200 14,347,900 21,198,100 2,864,000 1. Brine Resources are reported using the 2014 CIM definition standards, and are inclusive of those Brine Resources converted to Brine Reserves. Brine Resource estimates are inclusive of unleased freehold mineral rights. ON BEHALF OF THE BOARD OF DIRECTORSChris Doornbos, President & CEOE3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources2 in Alberta and 2.5 Mt LCE Inferred mineral resources3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR1. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium's website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will be available on the E3 Lithium's website ( and SEDAR+ ( within 45 days of this news release. 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as "believe", "may", "will", "plan", "expect", "anticipate", "estimate", "intend", "project", "potential", "possible", "could" and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; timing of the availability and filing of the Garrington Report; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, the assumption that the Garrington Report will be delivered on the expected timeline and will not contain any material variations to the information contained in this news release; that activities relating to the Garrison District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; ; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. View source version on Contacts E3 Lithium - Investor and Media Relations Rob KnowlesInvestor Relationsinvestor@ 587-324-2775 E3 Lithium - Media Inquiries Kati DolyniukExternal Relationscommunications@ 587-324-2775

E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District
E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District

Business Wire

time20 minutes ago

  • Business Wire

E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District

BUSINESS WIRE)--E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to release an updated mineral resource report for its Garrington District in central Alberta. The NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate (the 'Garrington Report') outlines an updated Measured and Indicated mineral resource estimate of 5.0 million tonnes ('Mt') of lithium carbonate equivalent ('LCE'). Highlights: The Garrington District includes 273,449 hectares of land Measured and Indicated mineral resource estimate of 5.0 Mt LCE Inferred mineral resource estimate of 0.3 Mt LCE E3 Lithium's total Measured and Indicated mineral resources in Alberta is now 21.2 Mt LCE The Garrington District is located in south-central Alberta directly southwest of the city of Edmonton at the north end, and it extends southwest of Edmonton to the town of Sundre (Figure 1). Within the Garrington District, the Company's brine-hosted mineral rights cover approximately 155,236 hectares, leased from the crown, with the remaining area being unleased freehold mineral rights. The lithium concentrations on or near E3 Lithium's Land holdings range from 45 mg/L to 61 mg/L, with an average of 54mg/L. The property sits directly to the west of E3 Lithium's Bashaw District where the Company is currently developing its Clearwater Project. Similar to the Bashaw District, the Garrington District lithium brine deposit is hosted in the carbonate reef complex deposits of the Leduc Formation. 'Alberta's lithium resources stand out globally as some of the most significant in size, thanks to the scale of the brine aquifers in the province,' said Chris Doornbos, President and CEO of E3 Lithium. 'The resource update in the Garrington District highlights a separate region containing vast volumes of lithium-enriched brines to the west of our existing Bashaw District resources. E3 Lithium continues to focus our efforts on the development of the Clearwater Project and the additional Garrington resources expand our sizable inventory for long-term value creation.' The disclosure in this news release of scientific and technical information pertaining to the Garrington District has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are 'Qualified Person's' as defined under NI 43-101– Standards of Disclosure for Mineral Projects. The technical report will be available on the Company's website ( and SEDAR ( within 45 days of this announcement. Garrington District Brine Resource Estimate The Garrington Report follows from the NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, which included a small subsection of the area encompassed in the Garrington Report. The Garrington mineral resource estimate has been calculated across the Garrington Lithium District and was developed as outlined below. First, data compilation and review of existing reports within the Garrington Lithium District were conducted. Then, a reservoir depositional framework was developed based on core descriptions and lithofacies analysis. Thirdly, petrophysical modeling on geophysical wireline logs, validated against core analysis where possible, was performed. Finally, geological models were generated and leveraged for reservoir volume calculations. The updated mineral resource estimate for the Garrington District is summarized in the table below. The mineral resource estimate is categorized as Measured, Indicated, and Inferred depending on geological confidence. 1. The Intervals reported follow the following definitions: Measured - evidence is sufficient to confirm geological, and grade or quality continuity between points of observation; Indicated - evidence is sufficient to assume geological, and grade or quality continuity between points of observation and Inferred - evidence is sufficient to imply but not verify geological, grade or quality continuity. 2. Based on LCE tonnage. 3. Brine Resource estimates are inclusive of unleased freehold mineral rights. Expand The mineral resource estimate was completed by a multi-disciplinary team led by E3 Lithium and supervised by Meghan Klein and Alexey Romanov of Sproule ERCE, acting as Qualified Persons using volumetric analysis based on geological parameters of reservoir geometry, effective porosity, permeability, and dissolved lithium concentrations. The mineral resource estimate benefited from a considerable amount of data compiled by the oil and gas industry and made public by the Government of Alberta. Key data sets used to determine reservoir brine parameters in the resource area include core plug analyses (porosity and permeability), and wireline logs geological and petrophysical interpretation (stratigraphic tops, lithology, volume of shale, and porosity). To calculate the brine volume for each zone within the Leduc Formation, the brine volume was exported from the geological model, incorporating three district brine saturations. The brine volume is multiplied by the lithium grade to calculate the Original Lithium in Place (OLIP) in tonnes of elemental lithium and in tonnes of lithium carbonate equivalent. Resource categorization reflects the confidence in both the data sets and the interpretations. Measured resources exist within the conceptual development area and are restricted to volumes exceeding a 6% porosity cut-off within a single connected geobody volume with lithium grade measurements. Indicated resources exist across the Garrington District and are restricted to volumes exceeding a 2% porosity cut-off within a single connected geobody with lithium grade measurements. Inferred resources make up all geobody volumes above the 2% porosity cut-off. With the updated Garrington Resource Estimate, E3 Lithium's total Measured and Indicated lithium resources in Western Canada are now in excess of 21 Mt LCE with an additional 2.9 Mt of Inferred resources. Included in this number is approximately 1.13 Mt of Proven and Probable mineral reserves in the Bashaw District that provide the basis for the Clearwater Project currently under development and outlined in the Pre-Feasibility Study published in July 2024. 1. Brine Resources are reported using the 2014 CIM definition standards, and are inclusive of those Brine Resources converted to Brine Reserves. Brine Resource estimates are inclusive of unleased freehold mineral rights. Expand ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President & CEO E3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium's website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will be available on the E3 Lithium's website ( and SEDAR+ ( within 45 days of this news release. 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible', 'could' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; timing of the availability and filing of the Garrington Report; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, the assumption that the Garrington Report will be delivered on the expected timeline and will not contain any material variations to the information contained in this news release; that activities relating to the Garrison District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; ; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

BlackBerry Ltd (BB) Q1 2026 Earnings Call Highlights: Surpassing Expectations and Raising Guidance
BlackBerry Ltd (BB) Q1 2026 Earnings Call Highlights: Surpassing Expectations and Raising Guidance

Yahoo

timean hour ago

  • Yahoo

BlackBerry Ltd (BB) Q1 2026 Earnings Call Highlights: Surpassing Expectations and Raising Guidance

Total Revenue: $121.7 million, exceeding guidance. Adjusted EBITDA: $16.4 million, a 55% year-over-year increase. Non-GAAP EPS: Positive $0.02, beating guidance. Operating Cash Usage: $18 million, better than expected. Share Buyback: $10 million worth of shares repurchased. QNX Revenue: $57.5 million, 8% year-over-year growth. Secure Communications Revenue: $59.5 million, meeting the top end of guidance. Annual Recurring Revenue (ARR): $209 million for Secure Communications. Licensing Revenue: $4.7 million for the quarter. Total Cash and Investments: $382 million, a decrease of $28 million during the quarter. Full Year Revenue Guidance: Raised to $508 million to $538 million. Full Year Adjusted EBITDA Guidance: Raised to $72 million to $87 million. Warning! GuruFocus has detected 3 Warning Signs with BB. Release Date: June 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BlackBerry Ltd (NYSE:BB) exceeded revenue expectations for the quarter, reporting $121.7 million, surpassing the top end of guidance. The company achieved a significant year-over-year growth in adjusted EBITDA, increasing by over 55% to $16.4 million. Non-GAAP earnings per share were positive at $0.02, beating guidance. BlackBerry Ltd (NYSE:BB) announced a $100 million share buyback program, demonstrating confidence in its financial strategy and shareholder value. The QNX division showed strong performance with revenue of $57.5 million, representing 8% year-over-year growth despite challenges in the automotive market. The company faces macroeconomic uncertainties, particularly in the automotive sector, which could impact future royalty revenues. There were some delays in customer buying decisions due to market uncertainties, affecting the QNX division. The licensing division's revenue was slightly below expectations due to lower revenue from existing licensing arrangements. Operating expenses faced headwinds from foreign exchange fluctuations, particularly due to a weakening US dollar. Cash used by operations was $18 million, reflecting seasonal low cash flow and restructuring costs. Q: Can you provide more clarity on the potential impact of production schedule changes on QNX revenue? A: Tim Foote, Chief Financial Officer: The Q2 royalty revenue for QNX is based on Q1 production. We have priced in a reasonable amount of risk in our guidance to account for potential disruptions, even though we haven't fully seen them yet. Q: How confident are you in the market outlook for the rest of the year given the current uncertainties? A: Tim Foote, Chief Financial Officer: The situation is fluid, and while some customers have withdrawn guidance, we maintain ours, indicating a certain level of visibility. We are confident due to our diversified revenue streams, including professional services and development seats. Q: Can you elaborate on the growth and significance of the SDP 8.0 pipeline? A: John Giamatteo, President - Cyber Security: The SDP 8.0 pipeline has grown by 55% and is gaining interest not only in automotive but also in robotics and industrial automation. It's one of our hottest products, indicating strong demand across various sectors. Q: What is your approach to the share buyback program? A: Tim Foote, Chief Financial Officer: The buyback program is flexible and will consider factors like cash flow, share price, and alternative capital uses. It is not a linear process but will focus on maximizing shareholder value. Q: What trends are you seeing in US federal defense spending, and which BlackBerry products are gaining traction? A: John Giamatteo, President - Cyber Security: We see increased interest in secure communications due to geopolitical dynamics. Governments are focusing on data sovereignty and mission-critical communications, which align well with our product offerings. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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