BlackBerry Ltd T.BB

Alternate Symbol(s): BB

Technology Software - Infrastructure

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments around the world. The Company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The Cybersecurity segment consists of BlackBerry Spark, BlackBerry SecuSUITE and BlackBerry AtHoc. The IoT business consists of BlackBerry Technology Solutions (BTS) and BlackBerry IVY. The Licensing and Other segment consists primarily of the Company’s patent licensing business. The Company’s core secure software and services offerings are its Cylance cybersecurity and BlackBerry unified endpoint management (UEM) solutions, collectively known as BlackBerry Spark. Its Cylance cybersecurity solutions include CylanceENDPOINT, an integrated endpoint security solution that leverages the Cylance AI model and OneAlert EDR console. The BlackBerry UEM Suite includes the Company’s BlackBerry UEM, BlackBerry Dynamics and BlackBerry Workspaces solutions.

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Post by FireAcquire145Mon Sep 02, 2020 7:49pm

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Post# 31499385

c hen said, quote "...

I own the BoD, Ha Ha Haaaaa, arrrrrrrr

Thank you, Steve. BlackBerry remains strongly focused on achieving profitable growth while investing for the long term.

Now, given continued uncertainty across the global economy due the pandemic, it is still prudent for us not to provide a specific Fiscal 2021 outlook. However, that said, I’d like to provide some directional comments on the rest of BlackBerry’s fiscal year.

We are expecting a good second fiscal quarter because, one, we anticipate modest sequential growth for our Software and Services group, and, two, we expect strong sequential growth in our Licensing group.

We anticipate Licensing revenue to be around $250 million for the full fiscal year—not Q2, full fiscal year. In line with our normal intra-year seasonality, we anticipate, also, a strong fiscal fourth quarter.

I also want to reiterate that BlackBerry continues to be financially healthy. Even during these uncertain times, we demonstrated fiscal discipline, generated profitability and maintained liquidity. We recently ran another set of financial stress tests, assuming up to a 30% revenue decline and no new financing. The results showed that we continue to be solvent and liquid for the next several years.

We anticipate ending the year in a positive free cash flow position and, therefore, adding to our cash balance, and we plan to fully redeem the debentures this coming November when they mature. This will save about $23 million a year in interest payments going forward.

We believe BlackBerry will capitalize on the secular trends on securing and connecting endpoints. Our business strategy and technology are definitely in place, we’re competing in the right markets, and the most important task right now is profitable revenue growth and market share expansion, and we are very focused on that.

Until BlackBerry monetize silence, providing more cash, earmarked for ____________, what, is not beneficial for the struggling bottom line growth. c hen has proven his inability to lead the sales division and to provide shareholders with benefits of a growth company make him unworthy for addiitonal funds as the market cap continues to lag competitor gains in the secular technology bull market.