1. BlackBerry’s Use of Non-Standard Metrics Violates SEC Rules

    BlackBerry’s Use of Non-Standard Metrics Violates SEC Rules

    BlackBerry Ltd. reported fiscal first-quarter earnings on Wednesday that led with and were dominated by non-standard numbers, putting the company at risk of an enforcement action from the U.S. Securities and Exchange Commission. The headline on the earnings release highlights the cybersecurity company’s non-GAAP revenue, or revenue that does not conform with Generally Accepted Accounting Principles, a metric the regulator does not allow...

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    1. We have been consistent in this approach for many quarters and we believe that our presentation of these non-GAAP measures provides management and shareholders with important information regarding the our financial performance.
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