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.