BB BlackBerry Limited

Risks

• The Company may not be able to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance.
• The Company may not be able to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability.
• The Company faces intense competition.
• The occurrence or perception of a breach of the Company’s network cybersecurity measures or an inappropriate disclosure of confidential or personal information could significantly harm its business.
• A failure or perceived failure of the Company’s solutions to detect or prevent security vulnerabilities could materially adversely affect the Company’s reputation, financial condition and results of operations.
• The outbreak of the COVID-19 coronavirus could have a material adverse effect on the Company’s business, results of operations and financial condition.
• The Company’s success depends on its continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively.
• The Company’s success depends on its relationships with resellers and channel partners.
• The Company may not be able to obtain rights to use third-party software and is subject to risks related to the use of open source software.
• Failure to protect the Company’s intellectual property could harm its ability to compete effectively and the Company may not earn the revenues it expects from intellectual property rights.
• Litigation against the Company may result in adverse outcomes.
• The Company faces substantial asset risk, including the potential for charges related to its long-lived assets and goodwill.
• The Company has incurred indebtedness, which could adversely affect its operating flexibility and financial condition.
• Acquisitions, divestitures, investments and other business initiatives may negatively affect the Company’s results of operations.
• The Company’s products and services are dependent upon interoperability with rapidly changing systems provided by third parties.
• The Company could be found to have infringed on the intellectual property rights of others.
• The use and management of user data and personal information could give rise to liabilities as a result of legal, customer and other third-party requirements.
• Network disruptions or other business interruptions could have a material adverse effect on the Company’s business and harm its reputation.
• Government regulations applicable to the Company’s products and services, including products containing encryption capabilities, could negatively impact the Company’s business.
• The Company’s business is subject to risks inherent in foreign operations, including fluctuations in foreign currencies.
• Failure of the Company’s suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or to comply with applicable laws could negatively impact the Company’s business.
• The Company may not be able to generate revenue and profitability through the licensing of security software and services or the BlackBerry brand to device manufacturers.
• The Company relies on third parties to manufacture and repair its hardware products.
• The Company may not be successful in fostering an ecosystem of third-party application developers.
• The Company is subject to risks related to regulations regarding health and safety, hazardous materials usage and conflict minerals, and to product certification risks.
• Tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities could materially impact the Company’s financial condition.
• The Company expects its quarterly revenue and operating results to fluctuate.
• The market price of the Company’s common shares is volatile.
• Adverse economic and geopolitical conditions may negatively affect the Company.