Cjb, The Dispatcher

randomly posting shit

[Cjb, The Dispatcher @cjbbb_]

I think transferring all my crypto into $BB at 6.23 might pay off to be one of the better moves I’ve made recently and it’s up 3% on the overnight market 🤞🏼 I’m holding this mfer

https://t.co/bqZb0CHENn

[Cjb, The Dispatcher @cjbbb_]

@BoveiDaDon 🤣🤣🤣🤣

[Cjb, The Dispatcher @cjbbb_]

QNX brought to you by $BB

[QNX News @QNX_News]

AI-enabled. Software-driven. Real-world ready.
🔹89% say Physical AI is critical
🔹95% demand real-time performance
What’s shaping robotics and what’s holding it back?
👉 Read more here: https://t.co/DqYAtebv7u

[Lythero 🎮 @Lythero]

the ibuprofen searching my body for the pain

[Cjb, The Dispatcher @cjbbb_]

The $BB comeback is happening in front of your very eyes

[Cjb, The Dispatcher @cjbbb_]

I think transferring all my crypto into $BB at 6.23 might pay off to be one of the better moves I’ve made recently and it’s up 3% on the overnight market 🤞🏼 I’m holding this mfer

https://t.co/bqZb0CHENn

[Prakash @pdamodaran]

QNX (BlackBerry) & Synopsys Partnership 🧵 $SNPS $BB

Synopsys + QNX = powerful validation that BlackBerry’s QNX is a foundational, certifiable platform for the software-defined future — deep where it matters, broad where the market is heading. A quiet but very strong tech asset.

[Wall Street Wizard 🧙🏼‍♂️ @thewallstwiz]

$BB trading $9.86 on @HyperliquidX

[Cjb, The Dispatcher @cjbbb_]

This is my dog and her name is Indi

[Richard Seiler @richardseiler]

𝗧𝗵𝗲 𝗕𝗹𝗮𝗰𝗸𝗕𝗲𝗿𝗿𝘆 𝗜 𝗢𝘄𝗻𝗲𝗱 𝗜𝘀 𝗗𝗲𝗮𝗱. 𝗧𝗵𝗲 𝗢𝗻𝗲 𝗥𝗲-𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗜𝘀 𝗪𝗼𝗿𝘁𝗵 𝗮 𝗦𝗲𝗿𝗶𝗼𝘂𝘀 𝗟𝗼𝗼𝗸

I owned BlackBerry years ago, back when the keyboard and BBM made it the dominant smartphone

Then the iPhone happened

$BB fell for 10 years

So when BB showed up on my screeners again, up 63% over the past year and being discussed alongside NVIDIA and physical AI, I looked closely. It is not the same company. The smartphone business is gone. What is left is a software company and the re rating is built on something real

Here is the case and the one thing you need to understand before buying it

𝗧𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗹𝗲𝗳𝘁 𝗶𝘀 𝗮 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀

After the December 2024 Cylance divestiture (sold to Arctic Wolf), BlackBerry is a software only company with three segments

▫️ 𝗤𝗡𝗫: an embedded operating system and hypervisor for safety critical systems. It runs inside cars and increasingly robots, medical devices, and industrial machines. This is the asset that matters

▫️ 𝗦𝗲𝗰𝘂𝗿𝗲 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: encrypted messaging, critical event management (AtHoc) and endpoint management sold to governments and regulated enterprises

▫️ 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴: a small, high margin patent business

In year ended February 2026 revenue grew 3% for the full year and 10% in Q4, with the strongest GAAP profitability in nearly four years and positive operating cash flow. The decade of transition is over

𝗤𝗡𝗫 𝗶𝘀 𝘁𝗵𝗲 𝘄𝗵𝗼𝗹𝗲 𝘁𝗵𝗲𝘀𝗶𝘀, 𝗮𝗻𝗱 𝘁𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗽𝗼𝗶𝗻𝘁

The most important thing to understand about BlackBerry today: QNX is the entire investment case. Strip everything else away and you are making one bet on one division. Accept that and you understand the risk because QNX is what drives this stock. Nothing else moves the needle

The good news is that QNX is a strong business

▫️ Record Q4 revenue of $78.7M, up 20% year over year
▫️ An estimated 38% share of the automotive operating system market the safety critical layer that runs braking, steering, and chassis systems
▫️ A royalty backlog of $950M, revenue effectively pre booked as design wins move into production
▫️ Customers including Mercedes-Benz, BMW, Volvo, and Leap Motor, where QNX is the foundational OS for the D19 EV SUV that entered mass production in April 2026

In April 2026, QNX expanded its NVIDIA partnership, integrating QNX OS for Safety 8.0 with NVIDIA's IGX Thor platform. This is the key part. The deal extends QNX beyond cars into robotics, medical systems, and industrial automation. The same safety certified foundation now targets autonomous mobile robots, humanoids, and surgical robotics. The stock rose 13% on the day

That is the 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜 angle. As AI moves from data centers into machines that operate in the real world, those machines need a real time operating system that will not fail. QNX is one of the few options with the safety certifications to do that job. It is not a chip play or an LLM play. It is the layer where AI meets the physical world

𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗮𝘁 𝗤𝗡𝗫 𝗶𝘀 𝘁𝗵𝗲 𝗯𝗲𝘁, 𝗮𝗻𝗱 𝘆𝗼𝘂 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸

Secure Communications grew ARR just 5% year over year, and endpoint management is mature. Licensing is small. None of these will carry the company. When you buy BlackBerry, you are buying QNX with a few stable but slow growing segments attached. The backlog converts as vehicles get built, which ties QNX to the auto cycle. And Google's Android Automotive is winning the infotainment layer even as QNX holds the safety critical core

That is the risk: not that BlackBerry is broken, but that the outcome is concentrated. If QNX keeps converting its backlog, landing robotics and medical wins, and riding the physical AI trend, the stock works. If QNX stalls, there is no second engine. Once you accept that QNX is the only real play here, you understand the risk better than most people buying the headline

𝗔 𝘄𝗼𝗿𝗱 𝗼𝗻 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻

At roughly $6.38, BB trades near 70x trailing earnings. That looks steep, but the number is distorted. The company only recently returned to consistent GAAP profitability, so the earnings base is small and the multiple is mechanically high. Forward measures tell a better story, around 30x EV/EBITDA with a FY27 free cash flow yield near 3%

It also helps to see where its peers trade. High growth AI software routinely carries premium multiples. CrowdStrike sits at a triple digit forward P/E, Datadog around 50 to 60x, and even Aptiv, a hardware heavy automotive supplier, trades near 34x. Against that backdrop, paying up for the one genuinely high growth, AI exposed asset inside BlackBerry is not unusual for the category. The market prices safety critical embedded software and AI software like growth, not like value, and QNX is being valued on the same logic. You are still paying a growth price for execution that has not fully happened yet, which is worth sizing for, but the multiple is in line with how the market treats this kind of business

𝗪𝗵𝗲𝗿𝗲 𝘁𝗵𝗮𝘁 𝗹𝗲𝗮𝘃𝗲𝘀 𝗮 𝗹𝗼𝗻𝗴 𝘁𝗲𝗿𝗺 𝗵𝗼𝗹𝗱𝗲𝗿

BlackBerry is no longer a falling knife or a meme. It is a software company with a well positioned asset in QNX and a real secular trend behind it. The re rating off the lows was not irrational

There is optionality on top of the core growth: a possible QNX spin out, or strategic interest from a partner like NVIDIA or a Tier1 supplier, either of which would re rate the stock. Management has guided to roughly $100M in FY27 operating cash flow, and the balance sheet supports continued investment and buybacks: $432M in cash and investments plus an active repurchase program, a cushion the old BlackBerry never had

For a long term holder, this is a name to own and build as QNX proves itself quarter by quarter. The company I held is gone. The one that replaced it has a single strong reason to own it, and that reason is QNX. Know that, and you know what you are buying

Not financial advice. I have a personal history with this ticker and a bias toward it. DYOR

RR2 Capital

[Prakash @pdamodaran]

QNX is a real-time OS, meaning the response time is guaranteed for time-critical events (Like in ADAS, or a robotic surgery). Technically one can use FreeRTOS and Linux in cars, but no one risks that in safety-critical components in the car. OEMs don't want to get sued. It will take several years before that moat can be overcome. Their very close integration with almost every modern hardware vendor is another huge moat that even Tesla doesn't have.
Full details here.
https://t.co/pONUbZ5tJz
8.0 was released last year, and currently worked out in multiple hardware/oem deals.

As for Secure communication, it has 3 divisions even after selling Cylance :)

Athoc : Secure communications division (National alerts in the US including amber alerts run on this.. not many knows that ). They are currently expanding that to all big corporates and governments that are friendly with the West. Sounds familiar? 😀? I think this is the division that will grow. No competition practically
Secusmart: Security layer for top security situations like NATO, military etc , partnered with Apple Indigo and Samsung Knox. I don’t know the full revenue potential there.,
UEM: Managing corporate devices (phones/tablets) in the above high-security environment.
Now this quarter they started giving breakdowns for each of these, I haven’t looked at that breakdown yet.

Quantum cryptography, they started working in 2018 have patents in that area, and hold several key patents. For now, consider it as an out-of-the-money leap.
There's way more detail than I can list here.
Have you watched the recent investor day?
https://t.co/1q6p0s2dJY

None of it mattered until the business started printing cash, even if small. That changes the trajectory.

Feel free to ask any questions, and don't get overexcited seeing the iceberg below the surface :)

[BLAST Premier 💥 @BLASTPremier]

Should we be worried, chat?

[World of Warcraft @Warcraft]

bowie knife99 driver reveal

[Cjb, The Dispatcher @cjbbb_]

$BB fuck yes

[Cjb, The Dispatcher @cjbbb_]

@nikitabier @MarioNawfal blocked this weirdo years ago lmao

[Cjb, The Dispatcher @cjbbb_]

@elite_squeeze @FearedBuck 😆😆😆😆😆

[Cjb, The Dispatcher @cjbbb_]

If @BlackBerry keeps making moves like this over the coming weeks they might need to hire an X intern to start bull posting lmao $BB

[Cjb, The Dispatcher @cjbbb_]

@ChapoGrimey you mean breaking 8 today broski lolol

[Cjb, The Dispatcher @cjbbb_]

$BB up 19% today, shabanggggggggggggg

[Cjb, The Dispatcher @cjbbb_]

@OVOSound @Drake Maneesh on the beat, Shabangggggg