Source: Dreamstime
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The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Here are some other notable highlights from BlackBerry’s earnings report:
– Recurring non-GAAP software product revenue was over 90%
– GAAP gross margin was 69%—a 3% increase compared to the 72% from last year
– GAAP net loss per share was $1.14 (basic and diluted) versus GAAP net loss per share of $0.06 (basic) and $0.09 (diluted) last year
– At May 31, 2020, total cash, cash equivalents, short-term and long-term investments totalled at $955 million
– Net cash used by operating activities was $31 million and capital expenditures were $1 million
– GAAP operating loss was $645 million versus GAAP operating loss of $36 million last year
According to the report, BlackBerry’s first-quarter fiscal 2021 GAAP net loss includes $594 million in a non-cash, one-time goodwill impairment charge primarily related to the impairment of the BlackBerry Spark reporting unit, as well as:
– $33 million for acquired intangibles amortisation expense
– $14 million in stock compensation expense
– Charge of $1 million related to the fair value adjustment on the debentures
– Other amounts
“[The] BlackBerry QNX [real-time operating system] was impacted by macro headwinds in the auto and other embedded sectors, but we are starting to see signs of recovery. On the enterprise front, we saw good demand from customers who recognized the necessity for BlackBerry’s security, business continuity, and productivity solutions in an increasingly remote working environment.”
John Chen, Executive Chairman and CEO of BlackBerry
So far, BlackBerry has abstained from making a financial forecast for its fiscal year, citing the uncertain economic conditions created by COVID-19.
Upcoming reports
See the full list of upcoming earnings reports for 29 June – 2 July in the tables below.
Monday, 29 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Micron Technology Inc | Third quarter of 2020 |
| Netherlands | Prosus NV | Fourth quarter of 2019 |
| United Kingdom | Carnival Plc | Second quarter of 2020 |
| USA | Carnival Corp | Second quarter of 2020 |
| United Kingdom | Mitchells & Butlers Plc | Half year 2020 |
Tuesday, 30 June 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | FedEx Corp | Fourth quarter of 2020 |
| United Kingdom | Easyjet Plc | Half year 2020 |
Wednesday, 1 July 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | General Mills Inc | Fourth quarter of 2020 |
| USA | Jefferies Financial Group Inc | Second quarter of 2020 |
| USA | Constellation Brands Inc | First quarter of 2021 |
Thursday, 2 July 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | DS Smith Plc | Full year 2020 |
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