BlackBerry Q1 Earnings Conference Call Highlights

BlackBerry BBRY Thursday held a conference call following the release of its first quarter 2014 earnings results.

The following bullets are some highlights from that call:

• All financial metrics demonstrated stabilization in Q1
• Cash burn is down by over two thirds from last quarter
• Expecting to return to profitability somewhere in 2016
• Co is close to making money/breakeven on hardware
• Will be profitable on phones if ship 10 million next year
• Foxconn is back-stopping inventory exposure
• About One More Quarter to Burn Through Old Inventory
• 160 million Monthly Active BBM Users
• Europe is very strong