BlackBerry (BBRY) reported earnings on Thur 28 Sept 2017 (b/o)

• Note: BlackBerry (BBRY) changed its ticker symbol to BB (the same symbol it uses in Toronto), and moved its listing to the NYSE. The company started trading on the new exchange Oct. 16, 2017.  Its listing on the Toronto exchange did not change.

** charts after earnings **

 

• The following day: another +4%

BlackBerry beats by $0.05, beats on revs; guides FY18 Non-GAAP revs above consensus

• Reports Q2 (Aug) earnings of $0.05 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of ($0.00); Non-GAAP revenues fell 41.3% year/year to $249 mln vs the $221.21 mln Capital IQ Consensus. Record gross margin of 76% (non-GAAP) and 74% (GAAP). Adjusted EBITDA of $50 million; positive for fourteenth consecutive quarter.
• Co issues guidance for FY18, sees FY18 revs of $920-950 mln vs. $920.45 mln Capital IQ Consensus Estimate.
• Guidance Details: Total non-GAAP software and services revenue growth in the range of 10 percent to 15 percent -- Positive non-GAAP EPS for the full year -- Positive free cash flow for the full year, before taking into account the net impact of the benefit of the Qualcomm arbitration award and costs related to restructuring and transition from the hardware business.

=BlackBerry (BBRY) reported earnings on Fri 23 June 2017 (b/o)

BlackBerry beats by $0.02, misses on revs; outlook for FY18 unchanged:

• Reports Q1 (May) earnings of $0.02 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of ($0.00); revenues fell 42.5% year/year to $244 mln ($235 mln on GAAP basis) vs the $262.8 mln Capital IQ Consensus.
• Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million
• Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64%
• BlackBerry had over 3,000 enterprise customer orders in the quarter.
• There were no purchase orders with contract manufacturers at the end of the first quarter, or at the end of the fourth quarter of fiscal 2017, down from $150 million a year ago.
• Outlook:
  • "Our outlook for fiscal 2018 is unchanged. We expect growth at or above the overall market in software and services. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year, excluding the benefit of the Qualcomm arbitration award."

BlackBerry announces 31 mln common share purchase program :

• Co announced that it has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid to purchase for cancellation up to 31,000,000 BlackBerry common shares, representing approximately 6.4% of the outstanding public float as at May 31, 2017.
• BlackBerry can purchase the common shares pursuant to the NCIB through the facilities of the TSX, over the Nasdaq Stock Market or through alternative trading systems. Any BlackBerry common shares purchased through the NCIB will be cancelled.

=BlackBerry (BBRY) reported earnings on Fri 31 March 2017 (b/o)

BlackBerry beats by $0.04, beats on revs; expects to be profitable on a non-GAAP basis and to generate positive free cash flow for FY18:

• Reports Q4 (Feb) adj earnings of $0.04 per share, $0.04 better than the Capital IQ Consensus of ($0.00); Non-GAAP revenues fell 39.0% year/year to $297 mln vs the $288.45 mln Capital IQ Consensus. 
• "Q4 non-GAAP Company total software and services revenues of $193 million; GAAP Company total software and services revenues of $182 million -- Q4 non-GAAP gross margin of 65%; GAAP gross margin of 60% -- Q4 adjusted EBITDA of $42 million; positive for thirteenth consecutive quarter."
• FY18 Guidance: "Looking ahead to fiscal 2018, we expect to grow at or above the overall market in our software business. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year."

====BlackBerry (BBRY) reported earnings on Wed 28 Sept 2016 (b/o)

BlackBerry beats by $0.05, misses on revs; guides FY17 EPS above consensus; appoints Steven Capelli CFO; announces first major device software licensing agreement and JV with Indonesian PT BB Merah Putih  :

• Reports Q2 (Aug) net of breakeven, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of ($0.05); revenues fell 28.2% year/year to $352 mln vs the $396.16 mln Capital IQ Consensus.
• The non-GAAP revenue breakdown for the quarter was ~44% for software and services, 26% for service access fees (:SAF), and 30% for mobility solutions. BlackBerry had around 3,000 enterprise customer wins in the quarter. ~81% of the second quarter software and services revenue was recurring.
• Co issues upside guidance for FY17, sees EPS of ($0.05)-0.00, excluding non-recurring items, vs. ($0.16) Capital IQ Consensus Estimate.
• "We are reaching an inflection point with our strategy. Our financial foundation is strong, and our pivot to software is taking hold," said John Chen, Executive Chairman and CEO, BlackBerry. "In Q2, we more than doubled our software revenue year over year and delivered the highest gross margin in the company's history. We also completed initial shipments of BlackBerry Radar, an end-to end asset tracking system, and signed a strategic licensing agreement to drive global growth in our BBM consumer business."
• Co announced the appointment of Steven Capelli as Chief Financial Officer. Capelli brings 25 years of executive experience in the software and technology industry with a strong track record for driving profitable growth and increased operational efficiencies across business and corporate functions. Most recently, Capelli was President of Worldwide Field Operations at Sybase. Co will succeed James Yersh, who is leaving the company for personal reasons
• Co announced an agreement with newly formed joint venture PT BB Merah Putih to license BlackBerry software and services for the production of handsets for the Indonesian market. This partnership accelerates BlackBerry's overall focus on driving software growth, specifically developing and licensing device software offerings, including security solutions and applications, through its Mobility Solutions business unit. BB Merah Putih will source, distribute and promote BlackBerry-branded devices that use BlackBerry's secure Android software and applications.

BlackBerry (BBRY) reported earnings on Fri 1 Apr 2016 (b/o)

** charts after earnings **

 BlackBerry beats by $0.07, misses on revs :

• Reports Q4 (Feb) loss of $0.03 per share, excluding non-recurring items,$0.07 better than the Capital IQ Consensus of ($0.10); GAAP revenues fell 29.7% year/year to $464 mln vs the $564.86 mln Capital IQ Consensus. 
• Non-GAAP revenue for the fourth quarter of fiscal 2016 was $487 mln with GAAP revenue of $464 mln. GAAP revenue reflects a purchase accounting write down of deferred revenue associated with recent acquisitions. The non-GAAP revenue breakdown for the quarter was ~32% for software and services, 29% for service access fees, and 39% for hardware and other revenue. Co reported Q4 adjusted EBITDA of $78 mln.
• Outlook: The company expects to grow software and services at around 30 percent. The Company continues to anticipate positive free cash flow and adjusted EBITDA for the full 2017 fiscal year.

=BlackBerry (BBRY) reported earnings on Fri 18 Dec 2015 (before open)

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 ** charts after earnings **

BlackBerry beats by $0.12, beats on revs; guides Q4 revs above consensus; reaffirms positive FCF :

• Reports Q3 (Nov) adj. loss of $0.03 per share, $0.12 better than the Capital IQ Consensus of ($0.15); revenues fell 30.9% year/year to $548 mln vs the $487.98 mln Capital IQ Consensus.
• Co issues upside guidance for Q4, sees sequential Q4 rev growth (from $548 mln) vs. $529.81 mln Capital IQ Consensus Estimate. 
• The company continues to anticipate positive free cash flow and adjusted EBITDA.
• "To sustain our current direction, we are stepping up investments to drive continued software growth and the additional PRIV launches."

BlackBerry (BBRY) taken for a wild ride

BBRY taken for a wild ride: +20% yesterday, -19% today

BlackBerry (BBRY) reported earnings on 12/19/14

**** charts BEFORE earnings ****

(daily and weekly)

**** charts AFTER earnings ****

• Positive cash flow, but revenue disappoints
• Reported a profit of US1¢ per share but revenues far short at just US$793-million during the first period to incorporate sales of its recently launched square-screened Passport smartphone.

The BlackBerry Ltd. Classic smartphone is displayed for a photograph during an event in New York, U.S., on Wednesday, Dec. 17, 2014.

The Papal pop in BBRY

We are long BBRY calls.
Thank you Pope Francis! ;-)

The Apple Money Tree Is Losing Its Leaves