Stock performance:
BlackBerry stock price
The BlackBerry opened at the New York Stock Exchange on Thursday at the opening price of $11.86. As of Tuesday's close, BlackBerry's share price fell by $0.20 to close at $11.70, a decrease of 1.68%. Before the Eastern Time Friday morning, the BlackBerry's share price rose by $0.41. Reported US$12.10, an increase of 3.55%. For the past 52 weeks, Blackberry’s share price has reached a maximum of US$14.55 and a minimum of US$8.47.
First quarter results highlights:
- Revenue was US$213 million, a decrease of 9.4% from US$235 million in the same period of last year. Among them, total software and service revenue was US$189 million, an increase of 18% year-on-year;
- According to non-GAAP, revenue was US$217 million, compared with US$244 million in the same period of last year; of which, total software and service revenue was US$193 million, an increase of 14% year-on-year;
- The cost of sales was 52 million U.S. dollars, which was 85 million U.S. dollars in the same period of last year and 56 million U.S. dollars in the previous quarter.
- Gross profit was US$161 million, compared with US$150 million in the same period of last year and US$177 million in the previous quarter.
-- Gross profit margin was 75.6%, compared with 63.8% in the same period of last year and 76.0% in the previous quarter. According to non-US GAAP, gross margin was 76.5%;
- R & D expenditures were 61 million U.S. dollars, unchanged from the same period of last year, compared with 58 million U.S. dollars in the previous quarter.
- Sales, marketing and administrative expenses were US$100 million, compared with US$110 million in the same period of last year and US$133 million in the previous quarter.
-- Qualcomm’s arbitration income was 0 US dollars, compared with 815 million US dollars in the same period of last year.
- Operating loss of 65 million U.S. dollars, operating profit of 536 million U.S. dollars in the same period of last year, and operating loss of 17 million U.S. dollars in the previous quarter;
- Net loss of 60 million U.S. dollars, net profit of 671 million U.S. dollars in the same period of last year; Non-US GAAP, net profit of 17 million U.S. dollars, net profit of 10 million U.S. dollars in the same period of last year;
- Basic and diluted losses per share were both $ 0.11, and the basic and thin earnings per share for the same period of the previous year were $ 1.26 and $ 1.23, respectively; Non-US GAAP, earnings per share of $ 0.03;
- As of May 31, 2018, Blackberry holds cash, cash equivalents, total short-term and long-term investments of approximately US$2.3 billion; free cash flow of US$3 million; operating cash flow of US$7 million; capital expenditure of 500 Million US Dollars; Excluding the face value of debt of 605 million U.S. dollars, the net cash balance as of the end of the quarter was approximately 1.7 billion U.S. dollars.
Second quarter results outlook:
-- Total software and service revenue is expected to achieve double-digit percentage growth;
- Non-US GAAP, earnings per share is expected to be profitable;
- Without considering the impact of reorganization and legal proceedings, it is expected to achieve positive free cash flow throughout the year;
-- Total software and services revenue will grow 8% to 10% year-on-year.