BlackBerry Comments on Use of Non-GAAP Metrics
WATERLOO, Ont. – June 27, 2019 – BlackBerry Limited (NYSE: BB; TSX: BB) today released the following statement regarding an article that claimed the company’s first-quarter earnings press release presented non-GAAP metrics in violation of U.S. securities laws.
“The information in our financial disclosures complies with U.S. securities laws that apply to us as a Canadian foreign private issuer, including all rules regarding the use of non-GAAP measures. We believe the non-GAAP information, together with our GAAP information, provides shareholders with valuable information regarding our financial performance."
BlackBerry (NYSE: BB; TSX: BB) is a trusted security software and services company that provides enterprises and governments with the technology they need to secure the Internet of Things. Based in Waterloo, Ontario, the company is unwavering in its commitment to safety, cybersecurity and data privacy, and leads in key areas such as artificial intelligence, endpoint security and management, encryption and embedded systems. For more information, visit BlackBerry.com and follow @BlackBerry.
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