(public).sospep.events ~ view task ~ CD-blackberry-earnings-call-summary

<h1 style="text-align: center;">REPORT EARNINGS - FY: 2014 - QTR: 03</h1>
<h2>[what]</h2>
<ol>
<li>] a brief summary of the latest financial results from this company.</li>
</ol>
<h2>[why]</h2>
<ol>
<li>] making sense of long, complicated and boring earnings report calls, financial statements and related mumbo jumbo</li>
</ol>
<h2>[where - $$$ and numbers]</h2>
<ol>
<li><strong>] REVENUE</strong></li>
<ol>
<li><strong>]&nbsp;1.2 B, </strong>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</li>
<li>] revenue breakdown for the quarter was approximately 40% for hardware, 53% for services and 7% for software and other revenue.</li>
</ol>
<li><strong>] $&nbsp;PROFIT/LOSS on operations</strong></li>
<ol>
<li>] $&nbsp;354 million -&nbsp;LOSS ( revenue - expenses), up from $-248M operating loss in previous qtr</li>
<li>] $ 0.67 per share</li>
</ol>
<li><strong>] CASH BALANCE</strong></li>
<ol>
<li>] $ 3.2 B cash on books, up from 2.6 B in previous qtr</li>
<li>] 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. )</li>
</ol>
<li><strong>] DEVICES -&nbsp;SALES - units, by type</strong></li>
<ol>
<li>] bb 10 - 1.1 million devices "</li>
<li>] bb 7&nbsp; -&nbsp;3.2 million devices&nbsp;</li>
<li>] total - 4.3 m devices were sold through to customers</li>
<li>*] "recognized revenue" on 1.9 m devices, down from 3.7m devices previous qtr</li>
</ol>
<li><strong>*] $4.4 Billion qu</strong><strong>arterly loss&nbsp;(WRITEDOWN)</strong><ol>
<li>] via writedowns to mfg assets and other long term investments</li>
<li>] not actual cash lost on operations, but decreasing the value of assets currently on the books</li>
</ol></li>
</ol>
<h2>[where - announcements and analysis]</h2>
<ol>
<li><strong>] Announcing 5 year agreement with Foxconn</strong></li>
<ol>
<li>] BB will be outsourcing MFG to foxconn beginning this year with model for ?indonesia?</li>
<li>] Foxconn will jointly develop and manufacture certain new BlackBerry devices (Z3)&nbsp;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.</li>
</ol>
<li><strong>] Announcing restructuring into 4 lines of business</strong></li>
<ol>
<li><strong>]&nbsp;BBM</strong> - 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</li>
<li><strong>]&nbsp;BES enterprise Service</strong>&nbsp;- 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</li>
<li><strong>] devices</strong>&nbsp;- mfg agreement with foxconn</li>
<li><strong>]&nbsp;QNX</strong> -&nbsp;to unveil new technology in automotive and cloud services at the 2014 International Consumer Electronics Show in January</li>
</ol>
<li><strong>] BBM</strong></li>
<ol>
<li>] new features coming to ios and android version</li>
<li>] voice,&nbsp;</li>
<li>] channels,&nbsp;</li>
<li>] location send temporarily</li>
</ol>
<li><strong>] $</strong></li>
<ol>
<li>] revenue + in 2016</li>
<li>] 100m users</li>
</ol></ol>
<h2>[when]</h2>
<ol>
<li>] 2013-12-20</li>
</ol>
<h2>[reference]</h2>
<ol>
<li>] <a href="http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q3_FY2014_Press_Release.pdf">http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q3_FY2014_Press_Release.pdf</a></li>
</ol>
<p>&nbsp;</p>

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