Freitag, 20.12.2019 13:00 von PR Newswire | Aufrufe: 238

BlackBerry Reports Fiscal 2020 Third Quarter Results

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PR Newswire


- Total company non-GAAP revenue of $280 million, or 23% growth year-over-year; total company GAAP revenue of $267 million, or 18% growth year-over-year

- Total non-GAAP Software and Services revenue of $275 million, or 26% growth year-over-year; total GAAP Software and Services revenue of $262 million, or 21% growth year-over-year; both are record quarterly highs

- Total company non-GAAP earnings per basic and diluted share of $0.03; GAAP loss per basic share of $0.06 and GAAP loss per diluted share of $0.07

- Total company free cash flow generated of $37 million, as reported

WATERLOO, Ontario, Dec. 20, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended November 30, 2019 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)

Third Quarter Fiscal 2020 Results

Kurse

  
7,882
-0,66%
Blackberry Realtime-Chart
  • Total company non-GAAP revenue for the third quarter of fiscal 2020 was $280 million, up 23% year-over-year. Total company GAAP revenue for the third quarter of fiscal 2020 was $267 million, up 18% year-over-year. Total non-GAAP software and services revenue was $275 million, up 26% year-over-year. Total GAAP software and services revenue was $262 million, up 21% year-over-year. Third quarter recurring non-GAAP software and services revenue (excluding IP licensing and professional services) was over 90%. Non-GAAP gross margin was 77% and GAAP gross margin was 74%.
  • Total company non-GAAP operating earnings was $20 million. Total company GAAP operating loss was $29 million. Non-GAAP earnings per share was $0.03 (basic and diluted). GAAP net loss was $0.06 per basic share and $0.07 per diluted share. GAAP net loss includes $35 million for acquired intangibles amortization expense, $15 million in stock compensation expense, $10 million in restructuring charges, a benefit of $20 million related to the fair value adjustment on the debentures, and other amounts as summarized in a table below.
  • Total cash, cash equivalents, short-term and long-term investments was $970 million as of November 30, 2019. Free cash flow generated, before considering the impact of acquisition and integration expenses, restructuring costs and legal proceedings, was $41 million. Cash generated from operations was $40 million and capital expenditures were $3 million.

"BlackBerry achieved sequential growth in revenue across all of our software businesses while generating healthy non-GAAP profitability and free cash flow as we continue to invest in our future," said John Chen, Executive Chairman and CEO, BlackBerry.  "I am pleased with our progress.  Our pipeline is growing as we deliver against our product roadmap and execute on our go-to-market expansion."

Outlook
BlackBerry will provide fiscal year 2020 outlook in connection with the quarterly earnings announcement on its earnings conference call.  The earnings call transcript will be made available on our website and on SEDAR.

Reconciliation of GAAP revenue, gross margin, gross margin percentage, income (loss) before income taxes, net income (loss) and basic earnings (loss) per share to Non-GAAP revenue, gross margin, gross margin percentage, income before income taxes, net income and basic earnings per share for the three months ended November 30, 2019:

Q3 Fiscal 2020 Non-GAAP Adjustments


For the Three Months Ended November 30, 2019


(in millions, except for per share amounts)


Income statement
location


Revenue


Gross
margin
(before taxes)


Gross margin %
(before
taxes)


Income (loss)
before
income taxes


Net income
(loss)


Basic earnings
(loss) per
share

As reported



$

267



$

198



74.2

%


$

(30)



$

(32)



$

(0.06)


Debentures fair value adjustment (2)

Debentures fair value adjustment






%


(20)



(20)




Restructuring charges (3)

Cost of sales




3



1.1

%


3



3




Restructuring charges (3)

Selling, marketing and administration






%


7



7




Software deferred revenue acquired (4)

Revenue


13



13



1.1

%


13



13




Software deferred commission expense acquired (5)

Selling, marketing and administration






%


(4)



(4)




Stock compensation expense (6)

Cost of sales




1



0.4

%


1



1




Stock compensation expense (6)

Research and development






%


4



4




Stock compensation expense (6)

Selling, marketing and administration






%


10



10




Acquired intangibles amortization (7)

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