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BlackBerry Q1 Earnings Conference Call Highlights

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BlackBerry (NASDAQ: 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

Posted-In: Earnings News

 

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