BlackBerry to Announce Year-End and Fourth Quarter Fiscal 2014 Results on Friday, March 28th, 2014

By Adam Zeis on 14 Mar 2014 05:39 pm EDT
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BlackBerry will hold their next earnings call on Friday, March 28th to announce their year-end and fourth quarter 2014 results. The call will take place at 8am ET and will be available for anyone and everyone to listen in. We'll fire up the ol' podcast line after the call to discuss what goes down, so make sure you mark the date!

Press Release

BlackBerry to Announce Year-End and Fourth Quarter Fiscal 2014 Results on Friday, March 28th, 2014

WATERLOO, ONTARIO--(Marketwired - March 14, 2014) - BlackBerry® (NASDAQ: BBRY)(TSX: BB) will be reporting results for the fourth quarter and year-end of fiscal 2014 on March 28th, 2014. A conference call and live webcast will be held beginning at 8 am ET, which can be accessed by dialing 1-800-814-4859 or through your BlackBerry® 10 smartphone, personal computer or BlackBerry® PlayBook™ tablet at http://ca.blackberry.com/company/investors/events.html.

A replay of the conference call will also be available at approximately 10 am by dialing (+1)416-640-1917 and entering pass code 4612572# or by clicking the link above on your BlackBerry® 10 smartphone, personal computer or BlackBerry® PlayBook™ tablet. This replay will be available until midnight ET April 11, 2014.

Reader comments

BlackBerry to Announce Year-End and Fourth Quarter Fiscal 2014 Results on Friday, March 28th, 2014

152 Comments

I wish they would they went private. These reports are terrible and to the average consumer all they here is the negatives.

Posted via CB10

Yup totally agree! More negative news to scare away consumers and Enterprise s from adapting or upgrading to BB 10 phones and or BES10

Posted via CB10 with my  Z30

We're assuming the news will be negative. Perhaps it will be, but how about we not jump the gun? Let's keep open minds, and dig deeper into the numbers when they do come out. So sick of the shallow nonsense that passes for analysis on BGR and other "tech" blogs.

The key question is why are the numbers constantly so bad. Is it due to management incompetence or SOMETHING else?

I think the true answers from Thorsten Heins, John Chen and especially Prem Watsa to this question are something that BB users and especially shareholders should be interested in.

Short version is that management incompetence, definitely. JC looks like right one, but maybe is too late (I hope that not).

I never wanted them to go private because I like to trade the stock. Regarding the numbers, I trust Chen to play this game well. They've sold off some Canadian property to plug the cash burn a bit and I think the cash from the second round of convertible also comes in this quarter. The previous inventory writedowns give a lot of leeway on how big to book the losses this time, but the revenue picture will be a disaster, until you dig into specifics. Did the late quarter price drops in India and elsewhere kick up bb10 sales much? Is enterprise finally starting to kick in with BES 10 (and now 12)? Are bb10 device sales to enterprise going up? Is BBM growth continuing, and is there any new revenue at all here yet, no matter how small? What about segmented revs for qnx? How about forward guidance? These are the questions the market is curious about. The headlines won't be great but it's up to Chen to sell the turnaround story.

Posted via CB10

There is no real benefit to going private in the financial situation that their in. Going private means the low and dirty remains private so the end user corporations would have more to fear as their input to BlackBerry under a private ownership would never consider their input inky their financial backers.

I'm expecting more of the same bad news financially as we've seen All year.

BlackBerry Q10  & Full Metal CB10!

As a stockholder, I don't have high exceptions. The announcement will have much fanfare on how much the company has in works. Since December there has not been much for the public to see.

Companies, like TM, don't promote BB products, so, how can they build phone sales?
Regret, the reputation of the company is at an all time low. The press talks as if the company has already reached bottom.

The company must take on an aggressive public relations campaign to rebuild their user base both phone and BES. What good is it to have world class products if nobody has faith to take a look.

Actually the press has been pretty fair and POSITIVE about BlackBerry. And forget about BlackBerry being a cell phone maker-does days are OVER, which doesn't mean the company will not succeed. It's all about enterprise now, and that is good. As for the Q4 results, the market will react to JC comments NOT the actual numbers- just like after Q3 results were announced.

Posted via CB10

Blackberry loyalist must stay optimistic despite what the media is interpreting Blackberry as. Don't forget Apple was once in grave danger too and Mr. Jobs brought the company back from the ashes. Give John Chen a chance and I believe he can do the same with Blackberry. Stay positive Crackberrians.

Gonna be bad we all know it, only relevant part is why Chen says about how far he is with his plan to stabilize BlackBerry.

Posted via CB10 on my blazing fast Z30 on 10.2.1.2141

How does this work? How would they know they end of year results in advance before it the year ended. Or is it just a prediction?

Posted via CB10

Want to see how the stock is impacted when JC wraps up. He seems to have a knack at delivering less than positive news without dramatically impacting shares.
Hopefully this happens on 3/28

One trick pony is what you said so "once" is the limit, using it more than once aka " so many times" makes your response invalid..

That's not what the term means. One trick pony refers to someone or something only being able/good at one thing soooo .... Yeah, you're wrong.

at least with Bb10 calendar, you can input your appt in ET or any time zone, and it will block the appropriate time locally. Or you could have just looked up the conversion in the time it took to gripe about it.

ET is the only one that matters PST is a close secind. All other time zones are an afterthought.

Posted via CB10

...is apparently still better than your plain ignorance and bias. You can thank us for this site's namesake some other time.

BB is a Canadian company, HQ'd in Ontario. And this was a press release/article with Ontario noted as well as ET given with the time.

To you and the OP, Eastern time zone or Pacific time zone doesn't only happen in the US.

Except for the fact that GMT is the original time zone and all other time zones came in to being afterwards!

Posted via CB10 on Z30 STA100-2 /10.2.1.2141 on O2 UK - Activated on BES10.2.1

@johnnyuk
Did you read what you just wrote? So you're saying in the "beginning" there was only one timezone.
GMT. and in the beginning it was the same time EVERYWHERE. This confused people with farms and whatnot so they started adding additional timezones. I'm thinking it didn't quite happen that way. Wikipedia and Google can be useful at times like these... or even better, before times like these.

There will be a jaw dropping loss, but again that is expected. Plenty more blood expected in the future. 2016 is Chen's target date to return to profitability.

Posted via CB10

There will be a loss, no doubt about that. But I can't see why it would be jaw dropping compared to the last couple quarters.

Maybe they had some more inventory to write down somewhere, but nothing like the billion dollar write downs we've seen.

Sales will be terrible, revenue will be tiny, but operating costs are much lower now as well so the loss shouldn't be that enormous. Again, at least compared to the last couple of quarters.

Plus, they got another $250 million cash injection from Fairfax and they sold off over $300 million in real estate. This should have offset much of what they burned through, so I can't see their cash pile having gotten much smaller. They don't have many buildings left to sell, and I doubt Fairfax will prop them up indefinitely, but I can see this earnings report being less terrible then what many people are expecting. Not good, but less terrible.

EST, GMT -5

Hopefully not too bad of results, should be poor device sales but good on other stuff.

Sent while driving from my Crackberry.

I expect revenue to be around 1.3 billion and a loss being reported of around 200 million. Chen will state that they are on the path to profitability.

Posted via CB10

But the good news is.... BlackBerry is currently still alive... so the numbers can't be that bad!! right??

Since 2010 

JC has been with BlackBerry a short time and has probably found most of the financial and operational "skeletons " in BlackBerry's closet.
He may have some charges etc. he may want taken off. You never know what the prior mgmt. was hiding.

He will put a positive spin on his plans and actions. Hopefully he says that the "leaning out" of BlackBerry is done and rebuilding BlackBerry is now in full swing. That the bottom has been hit and BlackBerry is now working their way back.

BlackBerry cannot put the future of handset sales in doubt. BlackBerry needs to go forward as an end to end secure Enterprise solutions provider.
They have no choice as new start ups and the high volume smartphone segment leaders are establishing footholds in the Enterprise world.

BYOD has vastly hurt BlackBerry s enterprise hold. They need to continue producing phones to remain relevant.

Fewer, better, high quality and state of the art tech along with the most secure system found is where BlackBerry needs to be.

I wish them luck....

CB10 via Verizon Z10. 10.2.1.2141

IMO, what BlackBerry needs is for BYOD to bite a large corp (or government agency) in the arse with a huge data breach.

Nothing like a little "I tolda ya so" to dish out some humble pie.

CDN BB

I loved it when my company went BYOD. Many enterprises only use mobile for MS Exchange access, and for most the primary communication device is still the PC.

They need to target the lack of certain other devices to get work done (ever tried attaching a DOC, PDF and XLS file in the same email on an iPhone?). Unless the goal of BYOD is for employees to play games rather than doing work.

Posted via CB10 on Z10

BlackBerry under the two Co-CEO's the company was not being properly run. Under THOR, it was being run a little better, but still there were too many loop holes that caused mass inefficiencies. Engineers not meeting dead lines, and/or expected to meet dead lines that were impossible to meet and/or lack of enough people to help meet those dead lines.

Things like this tarnished the BBRY image. Also BlackBerry's Marketing Department has been in LULU Land for years now, contributing absolutely nothing at all. When I have conversations with Android and iPhone users, claiming to have tried BB10, then I find out that it was the BOLD 9900 for example used, clearly the BB10 marketing has fallen off the cliff. The previous management caused more damage than good. This is where John Chen comes to play, forward thinking and motivational speaker, that has the ability to make BBRY profitable and help it reclaim market share.

Actually, im more curious that nervous to hear the results. Realistically, it wont be good numbers but im more curious about the bigger picture. Imo there were a lot more positives and negatives after Mr. Chen took over. If this news drops the numbers i"ll jus buy more shares for the long haul. Important thing here, for me anyways, is that Blackberry is still here and alive AND still defying the general market consensus. So, im listening.

Blackberry, my proverbial middle finger

There is no doubt the results will not be good, but the stock market is expecting this, so it will only affect share prices if the losses are worse than expected. Otherwise, it's carry on with the recovery plan which calls for a return to profit in 2015.

Posted via CB10

Forget the P&L. The key information will be the cash flow position and I'm thinking that maybe surprisingly positive (relative to the past year or so) !

Posted via CB10

Negative: they lost a lot of paid BES customers. They have almost no phone sales
Positive: they cut their payroll and sold off some real estate assets. They still have some cash coming in from contracts and paid BES. QNX may have generate positive cash flow.
Maybe there will be a balance between the two.

I don't know why people are all bummed out about a report that hasn't been released yet. If you are going to be all glum then you might as well anticipate the worst than can happen to BlackBerry and maybe, just maybe it may not be all that bad after all.

Well BBRY already wrote off all the Z10 inventory... lets just hope they aren't going to write down all the Q10, and Z30 inventory as well. We should see some upside to the Z10 sales in India as that inventory was written down last Q, so any cash would go to the profit line this Q.... I know, I know... you can't run your books at home like this... "Honey I wrote off the $20K I paid for the car last Q, but this Q I sold it for $200, so we are profitable!"

Correct. This is a big difference than before and should be sure to have us not seeing the losses we've seen in previous quarters. That was the point of the write down. In fact the write down creates a context for upside.

Aka S.Jizzle Z30STA100-5/10.2.1.2141

John has been busy reorganizing the company, it will take another couple quarters to truly see results on the books, but the Z3 is a great start! A low end phone for the masses with great appeal.

Posted via CB10

I have faith on BlackBerry no matter what. I have tried all the phones in the world. BlackBerry phones are the only devices I know that always stands out. The qwerty keys, the hardware, design. It's just so amazing. It's just sad they thought the iphone was not a treat to them. Now they must go private and start from the beginning and work their way up again. But tech moves so fast, that catching up is nearly impossible. Don't mean to be negative. It's just going to take some real long time to reach the tail of the competitors. With that being said, my Q10 really rrrocks.. I will never replace it over any other phones PERIOD

"Initiated from my Q10 "

too short to say that profitability is back.
Limiting damage is good news.
Any result better than last quater will be great. They reach the bottom so in step up is good news. I understand the JC mission is not easy. Any small result will be in my eye great achievement. All the best.

Posted via CB10

I don't expect the numbers to be pretty at all!... They're little to no traction here in the states. There are BB10 price drops in all major carriers and yet, employees don't even bother mentioning it. I really think they need to push hard on emerging markets, gain traction again THEN launch a truly revolutionary device.

"Men's Fashion & Lifestyle" BBM Channel: C001214D9

Well, originally the Z50 with 5.2" screen and quad-core processor was supposed to be released later in 2014. It seems as though the Q20 with QWERTY keyboard will definitely be released in 2014.

Posted via CB10

Expect no miracles in terms of sales figures, however with the write downs out of the way and restructuring mostly out of the way. I don't see it being that miserable. Too bad the Z3 wasn't ready for the market in this quarter but I see a dramatic improvement next quarter.

Posted via CB10

Ok so start the meeting by introducing this years product line with images and solid release dates. Maybe pass around a few out a few pie charts and bar graphs and then end the meeting. There is work to be done! Get to it!

Posted via the Android CrackBerry App!

Best achievement for blackberry now is to stay in life. Avoiding death is the main target any other thing is not important. Staying around is achievement. With the number of samsung devises I'm seeing around life is not easy for JC I don't want to be at his place. At least I want to sleep at night. He might not have this chance.

Posted via CB10

We know it's not going to be good news for BlackBerry due to US carriers and BlackBerry marketing!

Keep The Faith  BlackBerry Q10 

Then again hasn't BlackBerry sold quite a lot of their property, maybe the analysts and investors will see something that us regular folk don't see.

Keep The Faith  BlackBerry Q10 

Regarding the media bashing and utter nonsense regarding sites that the positive BBRY news and present them as negative.

Before BlackBerry can enter into the North American Consumer market in a more aggressive fashion, they need to concentrate on its core strengths and slowly build and repair the BBRY image. They need to increase BES10/BB10 Enterprise Adoption, while increasing BB10 market share while still keeping focus on the consumer markets outside NA.

John Chen has already stated that they are going to release something special that will target consumers from other platforms to buy BB10. And he hopes it gets completed and released by the end of 2014.

IMO, strong speculation and some un-named but reliable sources have stated BBRY is releasing a Monster Smartphone, powered by a Octa-Core 64-bit Powerhouse viewed on a 5.2" 1080p HD full touch Z50 device with 4GB of memory.

We all know BB10 does not require crazy high specs to run flawlessly. But unfortunately the Android Manufacturers made people think it's a necessity. Only because they've been lacking innovation for some time now.

One thing is guaranteed, BB10 in theory is the ONLY mobile OS capable of properly utilizing such high end phone hardware specs. Both Android & iOS lack the ability to benefit from such monster specs.

Can BlackBerry pull a Z50 Rabbit out of the hat? That. Can wreck the competition in both hardware specs and OS? Under John Chen's leadership, Absolutely YES.

Posted via CB10

I sure hope the design looks different then all the me to phones. I believe design is the most important factor. They need to create a visually appealing phone that has the I want it factor. If not, I am not sure the best specs in the world will help.

Posted via the Android CrackBerry App!

I think all the phones are sexy. It gets down to performance, apps, etc. I love my Q10 and will never use an icrap again.

Posted via CB10

I think it's too soon for the numbers to be good for the quarter but with more severance (including TH) coming in the 4th quarter and perhaps a few other write - downs like obsolete patents etc. , BlackBerry will focus on the new targets it hopes to meet for operating cost and revenue and gross margin. If it can demonstrate those are achievable on a go forward basis ( within a few quarters), the stock market and by extension the media will be satisfied.

Posted via CB10

Nevertheless, most if not all are a lot more optimistic and confident with John Chen running the show versus THOR.

results for the fourth quarter and year-end of fiscal 2014 ?
shouldn't this be 2013?? or did i sleep too long?

Regards

Good years lies ahead for BlackBerry 10 BlackBerry just need better marketing To show people How amazing BlackBerry 10 really is

Posted via CB10

BlackBerry is in much better shape now. As much as we hoped thor could pull it out he was just not effective at public speaking- JC is and it wouldn't surprise me to see an up tick in the stock if this report is in line. Who knows -if they can sell most of the z10 stock ( India is buying lots)than things could be looking up.

Posted via CB10

John Chen is an intelligent man, the fact he forewarned the financial community about the results so there's no surprises.

The Q20, the Z3 and the Z50 has to happen. Let them know BlackBerry is still fighting for the consumer.

BlackBerry needs better after sales support, which they don't have at the moment.

BlackBerry is for the consumer not the competition.

' It's only when you're in the deepest valley do you appreciate the highest mountain. '

Keep pushing more devices to celebrities, keep extolling the virtues of BlackBerry security, QNX and BBM. If the Z50 is in the offing.

BlackBerry... Get it done!!!

Posted via CB10

I didnt had time to read all the comments but did manage to read the first some.

To say it all started negatively. The post said about the earning call and nothing negative.

Is it the BlackBerry people that spoke or some weirdo stock player or rival wolves. Sure if the stock peice goes down u will make money but that will hurt the long run impression. Dont be short sighted and greedy.

Optimism is the key. It is through the Optimism of the BlackBerry global fans that a sinking company like BlackBerry found its guts to make a stand.

Now that its just started walking dont beat up hard with ur inner pessimism.

My opinion is : let the earning calls come, we will hear it, we will endure it and we will stay with blackberry untill it makes the last piece of hardware and that last goodbye software.

I strongly support BlackBerry and request fellow peoples to do the same.

With Best Regards.

Posted via CB10

That's right.

Let's declare the fight and go with Steve Ballmer:

"I'm gonna f***ing kill Google!"
(throws an office chair)

.... Maybe we don't have to go that far ....
Let's stay classy and civil at CB / BB

Zzzzwiped from a Zedevice....

Let's see, I'm about oh-and-10 on making the right move with the stock at every quarter. So if I do the opposite to what I think is going to happen, I should be ok, right? But if I plan on doing the opposite, then I should actually do the opposite of that, right? Etc, etc. Maybe I should take one for the team and sell all my shares so it triples the next day.

Posted via CB10

The stock took a beating all week except for a small increase Friday,so I think a correction has already been made,Now brace yourself for some analyshits to dump on BB and watch it dive 8% only to recover when the ER is out.

Yes, BlackBerry stock sank this week, but that's because most markets sank anyway because of Russia and Ukraine. Anything that threatens energy is going to sink the markets. In fact, if you look at any of the BlackBerry stock charts, you will see that what really impacted RIM and BlackBerry over the last decade was the 2008 Great Recession, and not so much lack of quality products. RIM and BlackBerry were just hit harder because they're small players and didn't have the economies of scale to deal with a major economic downturn the way Apple or Microsoft can. I think it's to BB's credit that they survive under such difficult global circumstances. In fact, BB's stock wasn't that much higher than it is today ten years ago. It simply looks low in comparison to the euphoric bubble pre-2008.

Posted via CB10

Check your link / URL again

Maybe you're offline, or the video is unavailable. Maybe get a BB10, while we're at it.

Seriously, the CrackBerry forums are the place to post these questions. Someone will help you there.

Zzzzwiped from a Zedevice....

Blackberry sucks and it's no wonder they are going down.I have been trying to put a simple password and it doesn't work. That's how secure is Blackberry! BTW I have the Z10.

Go to settings --> security and privacy --> Device password.

If you have simple password disabled
{
Disable your device password
{
Enable simple password
}
Enable again your Device password
{
Set a new simple password
}
}

That's it. Never complain before you ask for help :-)

Posted via CB10

Well so you couldnt set password in z10? It really easy, iam a z10 owner and you have two choices either simple or complex password.

No matter how secure the platform be sometimes its also the user that is the flaw.

I hope your learning curve and patience workout well.

All the best :) fellow z10 user

Posted via CB10

The market will react to JC comments, NOT the actual numbers. That was the case after Q3 results and will be the case now.

Posted via CB10

True, he knows how to work it. After the bloodbath of last quarter, he mentioned a new device. No one expected this, and most of the attention was on the new device, stock rose.

Nice move, will it work again? Perhaps.

I don't see the stock plummeting too much despite the inevitable bad earnings. Many articles I have been reading on Seeking Alpha, there's a lot of folks going to hang on. I'm staying long til at least December. Chen did say it would take roughly a year to put it back into profitability. I'll wait and see how his actions go.

Posted via CB10

Read somewhere the q20 going to launch in the press conference so when is the blackberry press conference?

Posted via CB10

It's hard to judge blackberry from the results of last Quater. To be fair we have to wait another year to judge the results for the current manager. We have to keep in mind that apple and sumsung are living like of speed in term of innovation and sales (iphone S5 and sumsung Sd5 bring no value in term of technology) blackberry can still reach them and bring more. I believe 2014 is the year of consolidation for the company. All the best

Posted via CB10

You never know I think the numbers will be an improvement over the last quarter for sure.

BlackBerry lowered the price of some BlackBerry 10 devices in a lot of countries and they sold out.

I think onces the bad ass devices like the Q20-Q30 and Z50 hit it will definitely level the playing field.

Posted by Antoniius via my sexy white Q10.

This will be dismal. However, confidence in Chen! Don't sell, don't fold the cards, we gotta do this together!

Posted via CB10