Last quarter was unprofitable for BlackBerry

The company’s revenue for the year grew by 18%, to $ 267 million.
BlackBerry has published a report for the next quarter. She completed the third quarter of fiscal year 2020 on November 30th.

BlackBerry revenue for the reporting period amounted to $ 267 million. This indicator increased in annual terms by 18%. Moreover, a non-GAAP calculation yields a value of $ 280 million and an increase of 23%. It is noteworthy that the software and services brought the company $ 262 million, 21% more in annual terms ($ 275 million and 26%, if not counted according to GAAP).

However, during the quarter, the company, once known as a supplier of mobile devices with its own OS, suffered operating losses of $ 29 million. However, non-GAAP calculation radically changes the picture: operating losses change to operating profit of $ 20 million. We clarify that the difference is due to adjustments in the fair value of debt instruments, restructuring costs and certain other amounts.

BlackBerry completed the quarter with $ 970 million in cash and cash equivalents, short-term and long-term investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

eleven − ten =