[jake simmons3]

That's what I meant to post...it's late...shoot me. Lol.


Classically Posted.

Lol drinking before the ER drops ah lol

Posted via CB10

[chrysaurora]

Going to bed, hoping to wake up to US $12 stock price.

Posted via CB10

[markmall]

Hoping it's not too bad, but then again I want to get back in on a dip. The world must know Blackberry Blend! The best piece of software ever written. This alone tells me that the company should survive and make handsets. They need to believe enough in the handsets to make the right investments in marketing. Screw Wall Street. Take losses, but get the product developed and into the marketplace. Chen might be playing it too close to the vest or maybe he really wants to try to just sell software.

[donmateo]

Going to bed, hoping to wake up to US $12 stock price.

Posted via CB10

Wishful thinking...we need to consider that it's not going to be an exceptional quarter, but moreover, we'll probably see a purposely-reduced revenue, as mentioned earlier.

I'd say $785-$795 mil rev and EPS of (0.01) or (0.02) would be a fair assessment.

We shall see soon...

Posted via CB10

[bspence87]

Wishful thinking...we need to consider that it's not going to be an exceptional quarter, but moreover, we'll probably see a purposely-reduced revenue, as mentioned earlier.

I'd say $785-$795 mil rev and EPS of (0.01) or (0.02) would be a fair assessment.

We shall see soon...

Posted via CB10

We won't lose money. Chen said breakeven by this quarter, and then said we're two quarters ahead. He deferred Passports from last quarter as insurance. Delaying the launch of the US (and Indonesian) Passport and Classic was intentional as well. He could very well have claimed tax redemptions early too, like they did last year.

I'm going to say $[however million] it takes to get to EPS 0.01

Posted via CB10

[markmall]

This might not show up in this quarter's numbers, but this spasm of updates may cause severe harm to the company. My Passport was like a dream when I first bought it. Now it can't run Android apps unless I just have restarted it. Another weird bug is that when I put a call on speaker phone it starts to vibrate like it is ringing and I had the phone set to vibrate. All over this website and other forums, people are reporting different bugs. It's like however they rolled it out there was some fundamental flaw in how the code was transmitted so there are countless little errors of different variety. I think everyone might have to do clean wipe reinstalls. That is what I might do.

But what if they have sold 2 million phones to new OS 10 users and their OS is all buggy? Can the OS survive this?

[bizzarothor]

Alea Jacta est


You know I had to say it!

Posted via CB10

[bungaboy]

Alea Jacta est


You know I had to say it!

Posted via CB10

LoL my Latin . . .

[Mr BBRY]

Morning Gang! Just doing my last minute research to get my ducks in a row to digest the numbers we're about to see in about 30 minutes. It's like a fun little game I play to speed scan the financial report to decipher it as quickly as possible the second it hits the wire. Figured I'd share a quick stat for reference:

• Q4 FY 2014 December 1st, 2013 – March 1st, 2014: 1.3 million smartphones shipped
• Q1 FY 2015 March 2nd – May 31st, 2014: 1.6 million smartphones shipped.
• Q2 FY 2015 June 1st – August 30th, 2014: 2.1 million smartphones shipped.
• Q3 FY 2015 September 1st – November 29th, 2014: 2 million smartphones shipped.

Reference: https://n4bb.com/blackberry-sold-7-m...-devices-2014/

Oh and bunga, 0 more sleeps!

[bungaboy]

"Results are expected before markets open Friday. Analysts expect a loss of 4 cents per share and revenue of $802-million."

[bizzarothor]

Hey, tried to log into the BBRY event from their website. Requires flash to play content, which 10.3.1 no longer has... kind of stupid, ain't it? How is everyone else listening in on their cell?

Posted via CB10

[Mr BBRY]

Hey, tried to log into the BBRY event from their website. Requires flash to play content, which 10.3.1 no longer has... kind of stupid, ain't it? How is everyone else listening in on their cell?

Posted via CB10

By dialing 1-888-503-8168

[Mr BBRY]

http://finance.yahoo.com/news/blackb...110000788.html

PROFIT!

[spiller]

660M rev. Ouch. I like profit. How will this play out on the SP?

Posted via CB10

[bizzarothor]

So lower revenues, but also lower expenses, that are bringing us up to profitability... not bad at all
76 millions in software revs

Posted via CB10

[Bilaal]

F*** the revenue, that'll increase, but they made profit and now John Chen is all



"So, you thought I couldn't make profit, eh?" BOOM BOW PING

Posted via CB10

[bungaboy]

• Normalized positive cash flow of $76 million in the quarter, reversing normalized cash use of ($784) million in Q4 FY14
• Cash and investments balance of $3.27 billion at the end of the fiscal quarter, an increase of $608 million over Q4 FY14 and matching the highest balance in company history
• Non-GAAP earnings of $0.04 per share, reversing a loss per share of ($0.08) in Q4 FY14
• Non-GAAP operating income of $2 million reversing an operating loss of ($156) million in Q4 FY14
• Non-GAAP gross margin of 48.3% and GAAP gross margin of 48.2%, with a third consecutive quarter of positive hardware gross margin
• Software revenue of $67 million, a 20% increase over Q4 FY14
• Announced a partnership with Google to support Android for Work
• Launched the BlackBerry Classic in December, with support for the Classic and the previously-released Passport by major carriers, including Telus, Bell, Rogers, AT&T, Verizon, Vodafone and Orange
• Completed the acquisition of Secusmart, a leader in high-security voice and text encryption
• After the quarter at Mobile World Congress, announced the full-touch BlackBerry Leap and unveiled the upcoming BlackBerry device portfolio
• Also at Mobile World Congress, announced the BlackBerry Experience Suite software portfolio that brings BlackBerry’s productivity, communication, collaboration and security across all smartphone and tablets running iOS�, Android™, and Windows�
• Other product announcements at Mobile World Congress included BES 12 Cloud, integration of WorkLife and SecuSUITE with Samsung KNOX, and Vodafone Germany’s rollout of Secusmart technology
Q4 Results
Revenue for the fourth quarter of fiscal 2015 was approximately $660 million, including a negative $12 million impact from currency fluctuation. The revenue breakdown for the quarter was approximately 42% for hardware, 47% for services and 10% for software. During the fourth quarter, the Company recognized hardware revenue on approximately 1.3 million BlackBerry smartphones. Approximately 1.6 million BlackBerry smartphones were sold through to end customers, with an ASP of $211 compared to $180 in the previous quarter.
Non-GAAP profit for the fourth quarter was $20 million, or $0.04 per share, compared to earnings of $0.01 per share last quarter. GAAP net income for the quarter was $28 million, or $0.05 per share. GAAP net income includes a non-cash charge associated with the change in the fair value of the debentures of $50 million (the “Q4 Company continues to anticipate positive free cash flow.
The Company is expanding its distribution capability, and expects traction from these efforts to manifest some time in fiscal 2016. The company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
Reconciliation of GAAP gross margin, gross margin percentage, loss before income taxes, net income) and earnings per share to Non-GAAP gross margin, gross margin percentage, loss before income taxes, net income and earnings per share:
(United States dollars, in millions except per share data)
For the three months ended February 28, 2015
Gross margin
Gross margin %
Loss before income taxes
Net income
Earnings per share
As reported
$
318
48.2
%
$
(1
)
$
28
$
0.05
Adjustments:
CORE charges (1)
1
0.1
%
58
57
Q4 Fiscal 2015 Debenture Fair Value Adjustment (2)
—
—
%
50
50
Rockstar Sale Adjustment (3)
—
—
%
(115
)
(115
)
Adjusted
$
319
48.3
%
$
(8
)
$
20
$
0.04
Note: Non-GAAP gross margin, gross margin percentage, loss before income taxes, non-GAAP net income and non-GAAP earnings per share do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating
results relative to its operating results in prior periods and improves the comparability of the information presented. Investors should consider these non-GAAP measures in the context of the Company’s GAAP results.
(1) During the fourth quarter of fiscal 2015, the Company incurred charges related to the restructuring program of approximately $58 million pre-tax, or $57 million after tax, of which $1 million were included in cost of sales, $6 million were included in research and development and $51 million were included in selling, marketing, and administration expenses.
(2) During the fourth quarter of fiscal 2015, the Company recorded the Q4 Fiscal 2015 Debentures Fair Value Adjustment of approximately $50 million. This adjustment was presented on a separate line in the Statement of Operations.
(3) During the fourth quarter of fiscal 2015, the Company recorded the Rockstar Sale Adjustment of approximately $115 million. This adjustment is included in investment income (loss), net in the Statement of Operations.
Fiscal 2015 Results
Revenue from continuing operations for the fiscal year ended February 28, 2015 was $3.3 billion. The Company's Non-GAAP loss from continuing operations for fiscal 2015 was ($45) million or ($0.09) per share. The GAAP net loss from continuing operations was ($304) million, or ($0.58) per share. GAAP net loss from continuing operations includes the Rockstar Sale Adjustment of approximately $115 million (pre-tax and after-tax), the non-cash adjustments associated with the change in the fair value of the debentures of approximately $80 million (pre-tax and after tax) (the “Fiscal 2015 Debentures Fair Value Adjustment”) and pre-tax restructuring charges of approximately $322 million ($294 million after tax) related to the Company's CORE program. These charges and their related impacts on GAAP net loss from continuing operations and diluted loss per share from continuing operations are summarized in the table below.
Reconciliation of GAAP gross margin, gross margin percentage, loss from continuing operations before income taxes, loss from continuing operations and diluted loss per share from continuing operations to Non-GAAP gross margin, adjusted gross margin percentage, adjusted loss from continuing operations before income taxes, adjusted loss from continuing operations and adjusted diluted loss per share from continuing operations:
(United States dollars, in millions except per share data)
For the fiscal year ended February 28, 2015
Gross Margin
Gross Margin %
Loss from continuing operations before income taxes
Loss from Continuing Operations
Diluted loss per share from continuing operations
As reported
$
1,604
48.1
%
$
(385
)
$
(304
)
$
(0.58
)
Adjustments:
CORE charges (1)
23
0.7
%
322
294
Fiscal 2015 Debenture Fair Value Adjustment (2)
—
—
%
80
80
Rockstar Sale Adjustment (3)
—
—
%
(115
)
(115
)
Adjusted
$
1,627
48.8
%
$
(98
)
$
(45
)
(0.09
)
Note: Non-GAAP gross margin, non-GAAP gross margin percentage, non-GAAP loss from continuing operations before tax, non-GAAP loss from continuing operations and non-GAAP diluted loss per share from continuing operations do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. Investors should consider these non-GAAP measures in the context of the Company’s GAAP results.
(1) During fiscal 2015, the Company incurred charges related to the CORE program of approximately $322 million pre-tax, or $294 million after tax, of which $23 million were included in cost of sales, $70 million were included in research and development and $229 million were included in selling, marketing, and administration expenses.
(2) During the fiscal 2015, the Company recorded non-cash adjustments associated with the change in the fair value of the Debentures of approximately $80 million. These adjustments were presented on a separate line in the Statements of Operations.
(3) During the fourth quarter of fiscal 2015, the Company recorded the Rockstar Sale Adjustment of approximately $115 million. This adjustment is included in investment income (loss), net in the Statement of Operations.
Supplementary Geographic Revenue Breakdown
Blackberry Limited
(United States dollars, in millions)
Revenue by Region
For the quarter ended
February 28, 2015
November 29, 2014
August 30, 2014
May 31, 2014
March 1, 2014
North America
$
205
31.0
%
$
213
26.9
%
$
297
32.4
%
$
276
28.6
%
$
297
30.4
%
Europe, Middle East and Africa
283
42.9
%
366
46.1
%
368
40.2
%
414
42.9
%
412
42.2
%
Latin America
60
9.1
%
84
10.6
%
111
12.1
%
125
12.9
%
127
13.0
%
Asia Pacific
112
17.0
%
130
16.4
%
140
15.3
%
151
15.6
%
140
14.4
%
Total
$
660
100.0
%
$
793
100.0
%
$
916
100.0
%
$
966
100.0
%
$
976
100.0
%
Conference Call and Webcast
A conference call and live webcast will be held beginning at 8 am ET, which can be accessed by dialing 1-888-503-8168 or by logging on at Investor Events - Canada. A replay of the conference call will also be available at approximately 10 am ET by dialing 1-647-436-0148 and entering pass code 8015758# or by clicking the link above. This replay will be available until midnight ET April 10th, 2015.

[spiller]

hardware revenue on approximately 1.3 million BlackBerry smartphones. Approximately 1.6 million BlackBerry smartphones were sold through to end customers, with an ASP of $211 compared to $180 in the previous quarter.

Are end customers the carriers, but only 1.3M activated to end users? I thought these would match by now as their writedowns should not be reducing devices recognizing revenue?

Posted via CB10

[MollyMorton]

Well, not as bad as it could have been. Maybe they can use some of the 3+ billion to market/advertise their phones now. That would be just lovely.

Posted via CB10

[Mr BBRY]

I really like the $156 million increase to $3.27 billion in cash. With a market cap of $4.85 billion, we are only paying $1.58 billion (yes I know, plus the debentures) for this company, that seems to be able to sustain a profit. Sounds like a good deal to me!

[spiller]

So they can make profit on

660M revenue
1.3M device sales (and they pushed classic launch in US to Q1/16)

I guess now Chen can hopefully guide higher on device sales, rev, software, qnx, bbm, device asp?....everything higher for q1.

ASP of 211 is pretty bad considering passport and classic in the mix. Device forecast is a wild card they still need that rev...

Posted via CB10

[spiller]

Who's going to be bold and guess where the SP is end of day? I'll say 10.

Posted via CB10

[bspence87]

No mention of BES12 or BBM subscribers. Yikes!

Otherwise, good posting!

Posted via CB10

[bungaboy]

• Revenue recognized on about 1.3M BlackBerry phones, with about 1.6M sold to end customers, with an ASP of $211 vs. $180 the previous quarter.

[bizzarothor]

It seems as though bBRY is halted until 7:30 et. Why would that be?

Posted via CB10