task

REPORT EARNINGS - FY: 2014 - QTR: 03

[what]

  1. ] a brief summary of the latest financial results from this company.

[why]

  1. ] making sense of long, complicated and boring earnings report calls, financial statements and related mumbo jumbo

[where - $$$ and numbers]

  1. ] REVENUE
    1. ] 1.2 B, down $380 million or 24% from approximately $1.6 billion in the previous quarter and down 56% from $2.7 billion in the same quarter of fiscal 2013
    2. ] revenue breakdown for the quarter was approximately 40% for hardware, 53% for services and 7% for software and other revenue.
  2. ] $ PROFIT/LOSS on operations
    1. ] $ 354 million - LOSS ( revenue - expenses), up from $-248M operating loss in previous qtr
    2. ] $ 0.67 per share
  3. ] CASH BALANCE
    1. ] $ 3.2 B cash on books, up from 2.6 B in previous qtr
    2. ] but cash on hand increased due to the Fairfax 1 Billion convertible debenture - ( Cash flows provided by financing activities in the third quarter were approximately $991 million, including the proceeds from the issuance of debt. )
  4. ] DEVICES - SALES - units, by type
    1. ] bb 10 - 1.1 million devices "
    2. ] bb 7  - 3.2 million devices 
    3. ] total - 4.3 m devices were sold through to customers
    4. *] "recognized revenue" on 1.9 m devices, down from 3.7m devices previous qtr
  5. *] $4.4 Billion quarterly loss (WRITEDOWN)
    1. ] via writedowns to mfg assets and other long term investments
    2. ] not actual cash lost on operations, but decreasing the value of assets currently on the books

[where - announcements and analysis]

  1. ] Announcing 5 year agreement with Foxconn
    1. ] BB will be outsourcing MFG to foxconn beginning this year with model for ?indonesia?
    2. ] Foxconn will jointly develop and manufacture certain new BlackBerry devices (Z3) and manage the inventory associated with those devices. The initial focus of the partnership will be a smartphone for Indonesia and other fast-growing markets targeting early 2014.
  2. ] Announcing restructuring into 4 lines of business
    1. ] BBM - Over 40 million newly registered iOS/Android users in the last 60 days; more than a dozen Android OEMs to preload BBM, including most recently LG; over 250,000 BBM Channels created by global user base since launch of BBM Channels
    2. ] BES enterprise Service - increasing penetration of (BES10) with over 30,000 commercial and test servers installed to date, up from 25,000 in September 2013; Company remains a mobile device management leader with global enterprise customer base exceeding 80,000
    3. ] devices - mfg agreement with foxconn
    4. ] QNX - to unveil new technology in automotive and cloud services at the 2014 International Consumer Electronics Show in January
  3. ] BBM
    1. ] new features coming to ios and android version
    2. ] voice, 
    3. ] channels, 
    4. ] location send temporarily
  4. ] $
    1. ] revenue + in 2016
    2. ] 100m users

[when]

  1. ] 2013-12-20

[reference]

  1. ] http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q3_FY2014_Press_Release.pdf

 

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Details

ID: 3179

NAME: CD-blackberry-earnings-call-summary

DESCRIPTION: [FY2014-QTR-3] Blackberry(BBRY) reports earnings for this period,

START DATE TIME: 2013-12-20 09:17:44

EST DURATION: 01:00:00

END DATE TIME: 2013-12-20 10:17:44

STATUS: To-Do

PRIORITY: -5

OWNER ID: 75

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