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

<h1 style="text-align: center;">REPORT EARNINGS - FY: 2015 - QTR: 01&nbsp;</h1>
<h2>[what]</h2>
<ol>
<li>] a brief summary of the latest financial results from this company.</li>
</ol>
<h2>[why]</h2>
<ol>
<li>] attempting to make 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>] 966 m, </strong>down $10 million or 1% from approximately $976M in the previous quarter and down xx% from $x.x billion in the same quarter of fiscal 2014</li>
<li>] The revenue breakdown for the quarter was approximately 39% for hardware, 54% for services and 7% for software and other revenue.s</li>
</ol>
<li><strong>] $&nbsp;PROFIT/LOSS on operations</strong></li>
<ol>
<li>] $ 23 million -&nbsp;PROFIT ( revenue - expenses)</li>
<li>] $ 0.04 per share</li>
</ol>
<li><strong>] CASH BALANCE</strong></li>
<ol>
<li>] $ 3.1 B cash on books,&nbsp;UP from 2.7 B in previous qtr</li>
</ol>
<li><strong>] DEVICES -&nbsp;SALES - units</strong></li>
<ol>
<li>] bb 10 - x.x million devices&nbsp; - point 4 in announcements below</li>
<li>] bb 7&nbsp; -&nbsp;x.x million devices&nbsp;</li>
<li>] total = 2.6 million were sold through to customers</li>
<li>*] "recognized revenue" on 1.6 m devices,&nbsp;UP from 1.3m devices previous qtr</li>
</ol></ol>
<h2>[where - announcements and analysis]</h2>
<ol>
<li><strong>*] PROFIT (sort of )</strong></li>
<ol>
<li>] a tax refund of 400M and real estate sales income of $300M contributed to creating the "profit", without these items the quarterly loss is still approx $250M</li>
</ol>
<li><strong>] gross margin is up to 48% from 43% in previous quarter</strong></li>
<ol>
<li>] notable b/c more revenue was recognized on devices than in previous qtr.</li>
</ol>
<li><strong>] reduced operating expenses</strong></li>
<ol>
<li>] by 57% YoY&nbsp;and 13% from previous QTR&nbsp;</li>
</ol>
<li><strong>***] DEVICES - NO MENTION of what number of DEVICES SOLD were "bb 7" VS "bb 10" in this report, </strong></li>
<ol>
<li>] previous reports have indicated the volumes of each product family&nbsp;</li>
<li>] total device sales down from approx 4M devices 2 qtrs ago, 3 M devices last qtr</li>
<li>?] was mentioned on the conference call that 65% of devices that sold were running bb10 ( this would be approx the same # of units as&nbsp;last QTR @ &nbsp;1.7 M)</li>
<li>] launched the z3 in Indonesia, 8 markets to follow including India</li>
</ol>
<li><strong>] BES-</strong></li>
<ol>
<li>] EZ Pass Program resulted in a total of 1.2 million licenses issued for BES10, including more than 10% of total licenses traded in from competitors&rsquo; Mobile Device Management platforms</li>
</ol>
<li><strong>] QNX</strong></li>
<ol>
<li>] Launched Project ION - for the Internet of Things</li>
</ol></ol>
<h2>[when]</h2>
<ol>
<li>] 2014-06-19</li>
</ol>
<h2>[reference]</h2>
<ol>
<li>] <a href="http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2015/Q1_FY2015_Press_Release.pdf" target="_blank">http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2015/Q1_FY2015_Press_Release.pdf</a></li>
<li>]&nbsp;<a href="http://crackberry.com/analysis-blackberry-dramatically-improves-financial-performance-q1" target="_blank">http://crackberry.com/analysis-blackberry-dramatically-improves-financial-performance-q1</a>#</li>
</ol>
<p><strong>[from comments on article 2]</strong><br />BBZ10wannabe<br />&nbsp;Did they mention how many of the written down Z10's were included in revenue but not in cost? As these dry up and sales of new devices kick in I expect the hardware margins to come back down again from their lofty heights.. Regardless, let's take the good news now and use the positive momentum to make up for it.</p>
<p>rdgroulx 1 week ago <br />&nbsp;Been very curious about that too. Never was any follow up on those zero cogs phones. Maybe that' s why the margin is higher, it may have been accrued on the past write down.</p>
<p>bpgc <br />&nbsp;Chris Umiastowski. I think CFO said the 65/35 split for BB10/BBOS was for the "recognized number" ie sell in. Does any body know out of the 2.6m sold through, how much was BB10? It seems they didn't answer that on the call</p>

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