BlackBerry Ltd. reported on Friday a smaller net loss than a year earlier, and less revenue as well, for its third-quarter. The company posted a $148-million US loss on revenue of $793 million US in the quarter ending Nov. 29, down from a $4.4-billion US loss on revenues of $1.19 billion US in the same quarter a year earlier. The company said in a press release the drop in revenue was offset by the lower cost of sales and lower operating expenses from marketing, administration, and research and development. BlackBerry said its revenue was evenly split between hardware and services, at 46 per cent each, with the remaining eight per cent coming from software and other revenue. The company said it had $3.1 billion US in cash, cash equivalents and investments on hand at the end of the quarter. BlackBerry said in the release that without a non-cash charge of $150 million US related to its debt and pre-tax restructuring charges of $5 million US, which are required by law to be included in its balance sheet, the company would have made a net profit of $6 million US for the quarter. The company also announced in a separate release it had completed its previously announced acquisition of Secusmart GmbH, a German company that specializes in encryption.