[CrackBerry News]

BlackBerry today announced their fiscal 2020 Q2 results with John Chen, Executive Chairman, and CEO, BlackBerry noting "We achieved break-even non-GAAP earnings per share and generated free cash flow even with increased investments in sales and product development to support future growth."

Full story from the Crackberry Blog...

[nevilleadaniels]

BlackBerry today announced their fiscal 2020 Q2 results with John Chen, Executive Chairman, and CEO, BlackBerry noting "We achieved break-even non-GAAP earnings per share and generated free cash flow even with increased investments in sales and product development to support future growth."

Full story from the Crackberry Blog...

Final reporting may be done in 2020 but this is the tax year 2019 the tax year 2020 begins in April 2020 or whichever month your country set it's tax year

[conite]

Final reporting may be done in 2020 but this is the tax year 2019 the tax year 2020 begins in April 2020 or whichever month your country set it's tax year

No. The company sets its year-end.

[nevilleadaniels]

No. The company sets its year-end.

Which would still leave the current tax year as 2019 if they I'll reporting 2020 I have no information for the year 2019 therefore they will be subject to tax on the Year 2018 again for 2019 and it would be made or assumed that 2020 also applies to 2019 and both 2018 and 2020 can be combined for the year 2019 in the absence of correct information and double tax is payable.
This has really been enacted but the incorrect reporting of tax years can seriously jeopardize a company's position

[conite]

Which would still leave the current tax year as 2019 if they I'll reporting 2020 I have no information for the year 2019 therefore they will be subject to tax on the Year 2018 again for 2019 and it would be made or assumed that 2020 also applies to 2019 and both 2018 and 2020 can be combined for the year 2019 in the absence of correct information and double tax is payable.
This has really been enacted but the incorrect reporting of tax years can seriously jeopardize a company's position

BlackBerry is currently in their fiscal year 2020 - because it ends Feb 28, 2020.

[joeldf]

Which would still leave the current tax year as 2019 if they I'll reporting 2020 I have no information for the year 2019 therefore they will be subject to tax on the Year 2018 again for 2019 and it would be made or assumed that 2020 also applies to 2019 and both 2018 and 2020 can be combined for the year 2019 in the absence of correct information and double tax is payable.
This has really been enacted but the incorrect reporting of tax years can seriously jeopardize a company's position

BlackBerry has been doing this for years and years. Going back to its RIM days.

It's some financial/accounting thing that apparently a lot of publicly traded companies do. Has nothing to do with how individuals report things, or tax related.

[conite]

BlackBerry has been doing this for years and years. Going back to its RIM days.

It's some financial/accounting thing that apparently a lot of publicly traded companies do. Has nothing to do with how individuals report things, or tax related.

My own private company has a fiscal year end date of Sep 30. I am in fiscal 2020 next month.

Any company can choose any fiscal year-end date they wish.

[Dunt Dunt Dunt]

A lot to not understand in their report. The date isn't one of those.

[bbfanfan]

That part is interesting:

“ Other revenue is now comprised of service access fees. Service access fees were $5 million, down from $12 million or 58% year-over-year. Total handset device revenue was zero, down from $5 million or 100% year-over-year.

Both service access fees and handset device revenue were expected to decline given the continued wind down of these legacy businesses.”

Access fees = BIS + BES or just BlackBerry Internet Service?

[John Albert]

That part is interesting:

“ Other revenue is now comprised of service access fees. Service access fees were $5 million, down from $12 million or 58% year-over-year. Total handset device revenue was zero, down from $5 million or 100% year-over-year.

Both service access fees and handset device revenue were expected to decline given the continued wind down of these legacy businesses.”

Access fees = BIS + BES or just BlackBerry Internet Service?

I guess they mean handset revenue from BlackBerry devices that are sold by BlackBerry Limited like the Priv and Dtek 50/60.

Still very confusing because these devices have been discontinued more than a year ago. How did they generated $5 million from them in the first fiscal quarter??

Unless they mean devices sold by TCL and other licensees!.

What do you think @conite?

[conite]

I guess they mean handset revenue from BlackBerry devices that are sold by BlackBerry Limited like the Priv and Dtek 50/60.

Still very confusing because these devices have been discontinued more than a year ago. How did they generated $5 million from them in the first fiscal quarter??

Unless they mean devices sold by TCL and other licensees!.

What do you think @conite?

This item is typically made up mostly from BBOS SAF.

[joeldf]

This item is typically made up mostly from BBOS SAF.

Which is BIS and BES, right?

[conite]

Which is BIS and BES, right?

Hard to say. I think it would be BIS as BES/UEM revenues appear to be posted as part of IoT.

[Chuck Finley69]

I guess they mean handset revenue from BlackBerry devices that are sold by BlackBerry Limited like the Priv and Dtek 50/60.

Still very confusing because these devices have been discontinued more than a year ago. How did they generated $5 million from them in the first fiscal quarter??

Unless they mean devices sold by TCL and other licensees!.

What do you think @conite?

Handset revenue was in previous year when probably just getting recognized as payment with the wind-down from any authorized resellers. In this year period, sales were zero as there wasn’t hardware anymore.

[John Albert]

This item is typically made up mostly from BBOS SAF.

So do you think BlackBerry Limited has generated $5 millions from selling BBOS devices in June-July-August 2018?

I couldn't believe that!

[John Albert]

Handset revenue was in previous year when probably just getting recognized as payment with the wind-down from any authorized resellers. In this year period, sales were zero as there wasn’t hardware anymore.

This makes more sense but still strange.

[conite]

So do you think BlackBerry Limited has generated $5 millions from selling BBOS devices in June-July-August 2018?

I couldn't believe that!

Not selling devices - collecting BIS revenue.

Over the last 6 quarters the revenues for BIS have gone: $16, $12, $9, $9, $7, and now $5 million.

That $5 million today was around $800 million back in BBOS' heyday.

[John Albert]

@conite,
I was referring to this

[QUOTE=bbfanfan;13447206]
“Total handset device revenue was zero, down from $5 million or 100% year-over-year. /QUOTE]

[conite]

@conite,
I was referring to this

“Total handset device revenue was zero, down from $5 million or 100% year-over-year.

Oh, sorry.

That would have been mostly residual DTEK sales I assume.