bbry cash situation remains a mixed bag. The beleaguered smartphone maker said it had $3.2 billion in cash reserves at the end of its fiscal third quarter.
That was up from $2.6 billion in cash at the end of the second quarter. But BlackBerry ‘s cash reserves this time around included the extra $1 billion it received from a group of investors
That means that the company still burned through roughly $400 million in the period, Analyst expectations on BlackBerry’s cash burn were all over the map, but some expected the company to have spent hundreds of millions in the quarter.
BlackBerry’s cash pile will remain a closely-watched financial detail as the company attempts to reverse course from a year plagued by weak sales of new BlackBerry 10 devices and a sharp drop in market share.