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

<h1 style="text-align: center;">REPORT EARNINGS - FY: 2014 - QTR: 02</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;1.6 B, </strong>down $1.5 Billion or 49% from approximately $3.1 billion in the previous quarter and down 45% from $2.9 billion in the same quarter of fiscal 2013-QTR-2</li>
<li>] revenue breakdown for the quarter was approximately 49% for hardware, 46% for services and 5% for software and other revenue.</li>
</ol>
<li><strong>] $&nbsp;PROFIT/LOSS on operations</strong></li>
<ol>
<li>] $&nbsp;965 million -&nbsp;LOSS ( revenue - expenses),&nbsp;UP from $-84 M operating loss in previous qtr, and includes a $934 M non cash pre tax&nbsp;charge against inventory&nbsp;(z10 writedown) and 72M for its restructuring plan(CORE)</li>
<li>] $ 1.84 per share</li>
<li>] $ 248M adjusted loss or 0.48 per share</li>
<li>] gross margin of 36%</li>
</ol>
<li><strong>] CASH BALANCE</strong></li>
<ol>
<li>] $ 2.6 B cash &amp; investments&nbsp;on books,&nbsp;DOWN from 3.1 B in previous qtr</li>
<li>] $ 136M cash flow used in operations (BURN)</li>
</ol>
<li><strong>] DEVICES -&nbsp;SALES - units, by type</strong></li>
<ol>
<li>] bb 10 - x.x million devices "</li>
<li>] bb 7&nbsp; -&nbsp;x.x million devices&nbsp;</li>
<li>] total - 5.9 m devices were&nbsp;shipped to customers</li>
<li>*] "recognized revenue" on 3.7 m devices,&nbsp;down from x.xm devices previous qtr.</li>
<li>] most devices that revenue was recognized on were bb 7</li>
</ol></ol>
<h2>[where - announcements and analysis]</h2>
<ol>
<li>] &ldquo;We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure,&rdquo; &ldquo;While our company goes through the necessary changes to create the best business model for our hardware business,</li>
<li>] "we continue to see confidence from our customers through the increasing penetration of BES 10, where we now have more than 25,000 commercial and test servers installed to date, up from 19,000 in July 2013".</li>
<li>] "We understand how some of the activities we are going through create uncertainty, but we remain a financially strong company with $2.6 billion in cash and no debt. We are focused on our targeted markets, and are committed to completing our transition quickly in order to establish a more focused and efficient company.&rdquo;</li>
<ol>
<li>] Thorsten Heins, President and CEO of BlackBerry<br />&nbsp;</li>
</ol></ol>
<h2>[when]</h2>
<ol>
<li>] 2013-09-27</li>
</ol>
<h2>[reference]</h2>
<ol>
<li>] <a href="http://press.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q2_FY2014_Press_Release.pdf" target="_blank">http://press.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q2_FY2014_Press_Release.pdf</a></li>
</ol>
<p>&nbsp;</p>

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