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May 31, 2020
BlackBerry Q1 2021 Earnings Report
BlackBerry reported first quarter results with GAAP revenue of $206 million and a GAAP loss per share of $1.14.
Key Takeaways
BlackBerry reported GAAP revenue of $206 million and non-GAAP revenue of $214 million. The company's GAAP loss per share was $1.14, which included a significant non-cash goodwill impairment charge. BlackBerry QNX was impacted by macro headwinds, but the company saw good demand for its security, business continuity, and productivity solutions.
Total company non-GAAP revenue was $214 million, while total company GAAP revenue was $206 million.
Non-GAAP earnings per share was $0.02, whereas GAAP loss per share was $1.14, primarily due to a non-cash, one-time goodwill impairment charge.
Recurring non-GAAP software product revenue was over 90%.
Net cash used by operating activities was $31 million, and capital expenditures were $1 million.
Forward Guidance
Given the uncertainty across the global economy due to the COVID-19 pandemic, BlackBerry is not providing a financial outlook for fiscal 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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