BlackBerry's financial report for Q1 of fiscal 2016 is out: a mostly break-even affair

BlackBerry's financial report for Q1 of fiscal 2016 is out: a mostly break-even affair
Last time we heard about BlackBerry's financial situation, things were a bit surprising for many analysts - it actually reported a profit, despite the grim initial predictions. It was then said that the Canadian smartphone maker will be focusing on revenue stabilization in the upcoming quarters. 

Well, BlackBerry just posted its financial report for the first quarter of fiscal 2016, and from the looks of it, this strategy is paying out for BlackBerry. Its 

It reported revenue of $658 million, 40% of which is accountable to hardware, whereas services get and software licensing are responsible for 38% and 21% of this financial metric, respectively. As a comparison, in Q4 of fiscal 2015 the former giant brought home a revenue of $660 million.

During the quarter, BlackBerry says it has sold some 1.1 million devices, which is noticeably lower than last quarter's result of 1.6 million devices. The Non-GAAP loss during the last fiscal quarter was $28 million, which is equivalent to $0.05 per each share. Another noteworthy stat tells us that the liquidity of the company has also increased - it now has $3.32 billion in total cash and other cash equivalents, up from the $3.27 billion cash pool back in Q4 of fiscal 2015.


Although hard, BlackBerry's pathway towards stability seems a bit more clear now - its emphasis on "breaking-even" seems to be working. Who knows, the wildly-rumored Android-powered BlackBerry smartphone that could be in the works might as well rekindle interest in the Ontario-based phone slinger that was once domineering.

source: BlackBerry via CrackBerry

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63 Comments

1. BBRYy

Posts: 29; Member since: Oct 06, 2014

Slowly but surely we getting there.

2. NateAdam8

Posts: 436; Member since: Feb 17, 2012

BlackBerry and HTC combined makes a Smartphone OEM that only sales half of what everyone else does LoL

11. Mxyzptlk unregistered

Half? I don't even have think it's that close. The numbers game doesn't favor blackberry. I don't care what anyone says, OEM software can only take you so far unless you're Google or Microsoft.

12. Crispin_Gatieza

Posts: 3122; Member since: Jan 23, 2014

Or the most secure mobile OS in the world or the most dominant provider of automotive software in the world. Google is an ad agency that dabbles in the mobile world. Their core revenue is from ads, not phones.

14. meanestgenius

Posts: 21769; Member since: May 28, 2014

Don't waste your breath, Crispin. He doesn't have a clue.

16. Mxyzptlk unregistered

No one cares meanest.

17. meanestgenius

Posts: 21769; Member since: May 28, 2014

No one cares about you? You're right. No one does.

15. Mxyzptlk unregistered

Good point. I admittedly forgotten that blackberry are the ones behind qnx and it's becoming more popular.

19. BobbyDigital

Posts: 2124; Member since: May 29, 2014

What you fail to realize is that BlackBerry is a Software and Services company now, that does hardware as well. Not the other way around. They don't need to stay in the consumer game. Not with S&S sales on the rise, QNX dominating auto and other IoT services, and BalcBerry providing secure end to end communications for World Governments, Banks and Corporations. But someone as PEDESTRIAN as you wouldn't understand that Pretzyld!ck. So I'm wasting my breath here.

20. meanestgenius

Posts: 21769; Member since: May 28, 2014

You're definitely wasting your breath, which is why I didn't even bother to explain it to him. +1 for schooling the !Diot.

22. Mxyzptlk unregistered

Don't be such a romp kisser

24. meanestgenius

Posts: 21769; Member since: May 28, 2014

Because that's something only you aspire to be. Right. Got it.

21. Mxyzptlk unregistered

Turtles

3. meanestgenius

Posts: 21769; Member since: May 28, 2014

The loss in hardware sales vs the gain in software sales is indicative of BlackBerry's shift towards software and services and away from hardware. Asp's are good. Free cash is a plus. Cash on hand is up 50 million from previous quarter. Stock is up more than 7% on the news. All in all, BlackBerry is moving towards its set goals. Slow and steady wins the race.

5. hound.master

Posts: 1044; Member since: Feb 27, 2015

Well good news is which the stability of BB it seems like that it's not going to be sold and get f**ked.

7. isprobi

Posts: 797; Member since: May 30, 2011

I think the slider will make or break the hardware component of BB. I do not want the Android version if there is one but I would buy the slider to replace my Passport. Congratulations to BlackBerry for staying alive.

27. NateAdam8

Posts: 436; Member since: Feb 17, 2012

I lack knowledge of BB10 cause it's been a few years sense I owned a BlackBerry device and cause I lack Knowledge I ask anyone who knows something about BlackBerry have you switched from android to BB10 and Why?

31. meanestgenius

Posts: 21769; Member since: May 28, 2014

I switched from an Android-Windows phone combo to BB10. Why? 1) Security. BB10 really is the most secure OS on a smartphone. No prying eyes. No ads driven OS. 2) Messaging. BB10 handsets are the best messaging phones on the planet. NOBODY does email like BlackBerry. 3) Physical Keyboard. I may be part of a niche breed, but I absolutely love the physical keyboard on BlackBerry devices. Makes for the best typing experience. 4) The BB10 OS itself. It's fast. It's fluid. It's intuitive. It's powerful. And no OS out today currently multitasks better, not even Android. I'm talking real-time multitasking here. The OS is fresh and innovative. 5) BlackBerry Hub. The Hub is the best take on a notifications system I've ever seen. All your messages in one place, no going in and out of apps to respond to messages thanks to actionable notifications, and it can be accessed from anywhere on the phone, be it on the web or in an app. 6) Innovation. The pkb on the Passport is genius. It doubles as a mouse, offers swiping capabilities like BlackBerry's vkb's, and the pkb shortcuts are awesome. 7) So many apps to choose from. Now, I'm not an apps guy admittedly, but the option to have Android apps as well as native BB10 apps is sweet! I have 4 app stores on my Passport, including Google Play. The only Android apps that won't run are the ones with Google services baked in. There are so many other reasons I could tell you. It's really an awesome OS, especially where productivity is concerned. You should try it for yourself.

63. leeTronix

Posts: 33; Member since: Apr 09, 2015

Well said :)

35. NateAdam8

Posts: 436; Member since: Feb 17, 2012

I love BBM and I know it has Security that never be beaten but how smooth is it and how is BB Hub? Cause I had my limit with most android device and I hate the fact they want to know everything about the user and I want to know what BlackBerry 10 Device is Recommend but I want someone who's Smart to Answer.

45. meanestgenius

Posts: 21769; Member since: May 28, 2014

Perhaps someone who is smart should ask the question first.

46. NateAdam8

Posts: 436; Member since: Feb 17, 2012

I'm smart enough to know when nobody with a brain just gave me a response about something he/she only knows the basic about and to keep looking for someone who'll share the knowledge with me and it wasn't on this site either, You can't share knowledge you don't have.

49. meanestgenius

Posts: 21769; Member since: May 28, 2014

If you were that smart, you would have asked that from the beginning instead of posting that lame BS that you did in comment #2. You're just backtracking now because you've been called out on your trolling. Your comment was dumb, and you're definitely in no place to claim who does and doesn't have knowledge of BB10 when you yourself admittedly have none.

61. NateAdam8

Posts: 436; Member since: Feb 17, 2012

I'd like to know hours compared to Android?

* Some comments have been hidden, because they don't meet the discussions rules.

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