The second-quarter earnings report was released after the company's official launch earlier this week of the Passport, a keyboard smartphone with a 4.5-inch screen aimed at corporate users.
The Waterloo, Ont.-based smartphone maker, which reports in U.S. dollars unless otherwise noted, also posted a loss of 39 cents a share in the latest quarter.
When the accounting is adjusted for the impact of change in the value of the company's debentures and a restructuring program, that narrows the loss to two cents a share, or $11 million.
But that loss is less than analysts expected, and shares were up about five per cent in premarket trading Friday.
BlackBerry narrowed its hit from the same quarter last year, when it reported a $965-million loss, or $1.84 per share.
The company also reported revenues of $916 million, a drop from $966 million in the previous quarter.
Cash and investments were at $3.1 billion, an increase of just $11 million from the previous quarter.
CEO John Chen, in a BlackBerry release, called it a "solid quarter," and predicted the company would break even on cash flow by the end of this fiscal year, and would be profitable during the following fiscal year.
Moving away from hardware
The company's revenues are increasingly coming from services and software products.
BlackBerry reported 46 per cent of its revenue came was from hardware, 46 per cent from services and eight per cent from software.
The number of BlackBerry Messenger users is also on the rise. In the second quarter, there were 91 million monthly active users, an increase of 85 million in the previous quarter.
The company's EZ Pass Program issued almost three times as many licences for BlackBerry Enterprise Server 10 this quarter over the last one, at about 3.4 million. The enterprise system allows corporate users to manage all their devices on the same system — across operating systems including BlackBerry, Android and iOS, as well as across devices from desktop computers to smartphones.
A growing share of the company's revenue is coming from North America: 32.4 per cent this quarter versus 26.3 per cent in the same quarter last year, and the highest in the last five quarters.
The second quarter also saw the creation of the BlackBerry Technology Solutions Unit, focusing on software and the company's Internet of Things strategy.
The Internet of Things refers to devices like thermostats or remote cameras that can be controlled and programmed remotely through the internet.Suggest a correction