NYSE$BB

BlackBerry Limited · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

BlackBerry reported mixed results with revenue growth offset by operating losses.

BlackBerry Limited reported its Fiscal Fourth Quarter and Fiscal Year 2020 Results. The company's total GAAP revenue was $282 million, up 11% year-over-year. The GAAP loss per basic and diluted share was $0.07. The company generated $32 million in free cash flow.

  • Total company GAAP revenue was $282 million, up 11% year-over-year.
  • Total GAAP Software and Services revenue was $278 million, up 13% year-over-year.
  • GAAP loss per basic and diluted share was $0.07.
  • Free cash flow generated of $32 million.

Headline financials

Total Revenue

$291M

Previous: $257M+13.2%
EPS (adj)

$0.09

Previous: $0.11-18.2%
GAAP gross margin

75.0%

No prior period
Non-GAAP gross margin

77.0%

No prior period
Capital Expenditures

$3M

Previous: $17M-82.4%
Free Cash Flow

$32M

Previous: $83M-61.4%
Net Income

-$41M

Previous: $51M-180.4%
Operating Income

-$41M

Previous: $28M-246.4%
Gross Profit

$212M

Previous: $206M+2.9%
Cash & Equivalents

$377M

Previous: $548M-31.2%
Total Assets

$3.89B

Previous: $3.97B-2.0%
Stock-Based Comp

$17M

Previous: $67M-74.6%

Revenue & EPS history

BlackBerry · Revenue · Quarterly

$291M

Q4 2020+13.2%vs Q4 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

BlackBerry · $153M total across 3 segments · Q1 2027

  • Secure Communications
    $73.6M
  • QNX
    $72.3M
  • Licensing
    $7M

Forward guidance

BlackBerry will provide fiscal year 2021 outlook in connection with the quarterly earnings announcement on its earnings conference call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.6%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+1.2%

Avg return

30 days after

49%

33 / 67 earnings

Positive

+22.6%

Q3 2025

Best reaction

-28.9%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+3.7%+12.5%+80.5%
Q3 2026-14.0%-7.9%-10.4%
Q2 2026+8.2%+14.3%+11.9%
Q1 2026-0.7%-4.7%-10.1%
Q4 2025-9.1%-20.6%-6.4%
Q3 2025+22.6%+31.6%+32.6%
Q2 2025+5.4%+1.7%+0.0%
Q1 2025+9.4%+8.0%+10.7%
Q4 2024+2.9%+2.9%+4.6%
Q3 2024-15.0%-15.2%-18.5%
Q2 2024-3.7%-11.0%-30.3%
Q1 2024+6.1%+3.8%-5.9%
Q4 2023+14.6%+16.6%-1.8%
Q3 2023-8.8%-17.3%+0.2%
Q2 2023+0.4%-5.4%-8.9%
Q1 2023+8.1%+7.9%+11.5%
Q4 2022-11.1%-6.3%-24.6%
Q3 2022+6.0%+6.8%+0.1%
Q2 2022+13.1%+8.2%+16.5%
Q1 2022-7.8%-6.8%-22.5%
Q4 2021-8.4%-6.5%-1.5%
Q3 2021-15.7%-12.7%+19.4%
Q2 2021-0.6%-3.5%+6.7%
Q1 2021-4.9%-5.9%-8.8%
Q4 2020-14.1%-17.6%+9.5%
Q3 2020+11.4%+9.5%+15.8%
Q2 2020-25.8%-30.0%-31.2%
Q1 2020-11.0%-9.8%-11.1%
Q4 2019+8.3%+7.9%+3.5%
Q3 2019-6.0%-7.9%+6.9%
Q2 2019+6.3%+3.6%-12.1%
Q1 2019-14.4%-17.1%-12.1%
Q4 2018-7.3%-13.5%-15.7%
Q3 2018+8.6%+6.7%+22.4%
Q2 2018+21.1%+20.5%+15.8%
Q1 2018-7.1%-7.5%-9.2%
Q4 2017+12.2%+14.0%+34.4%
Q3 2017-5.3%-8.9%-7.9%
Q2 2017+0.8%-0.4%-10.0%
Q1 2017-1.0%-3.9%+2.1%
Q4 2016-10.0%
Q3 2016+11.8%
Q2 2016-10.4%
Q1 2016-4.0%
Q4 2015-5.4%
Q2 2015+4.4%
Q3 2015+6.1%
Q1 2015+18.3%
Q4 2014-10.7%
Q2 2014+0.1%
Q3 2014+19.5%
Q1 2014-28.9%
Q4 2013+3.7%
Q3 2013-24.9%
Q2 2013+10.1%
Q1 2013-0.3%
Q4 2012+2.1%
Q3 2012+6.9%
Q2 2012-5.0%
Q1 2012+2.9%
Q4 2011-0.9%
Q3 2011-1.3%
Q2 2011-2.9%
Q1 2011-9.6%
Q4 2008+3.4%
Q4 2009+3.4%
Q4 2010+3.4%

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