If you missed out on tuning into our live blog, you can now go ahead and listen to the replay of BlackBerry's Q4 fiscal 2017 earnings call. As noted in BlackBerry's press release, the earnings for Q4 Fiscal 2017 came in above expectations, and there were plenty of Q4 highlights noted.
- Q4 non-GAAP total revenue of $297 million; GAAP total revenue of $286 million
- Q4 non-GAAP Company total software and services revenues of $193 million; GAAP Company total software and services revenues of $182 million
- Q4 non-GAAP gross margin of 65%; GAAP gross margin of 60%
- Q4 adjusted EBITDA of $42 million; positive for thirteenth consecutive quarter
- Q4 cash flow from operations of $19 million; free cash flow of $16 million
- Total cash balance increased by $89 million to $1.7 billion at the end of the fiscal fourth quarter
- Entered into a long-term, software licensing agreement with Optiemus Infracom Ltd to design, manufacture, sell and support BlackBerry-branded mobile devices in India, Sri Lanka, Nepal and Bangladesh
- At International CES 2017, announced the most advanced and secure embedded software platform for autonomous drive and connected cars
- At Mobile World Congress, TCL launched the BlackBerry KEYone, the most secure Android phone in the world featuring a smart QWERTY keyboard; the KEYone is the first device launched under the Company's licensing agreement with TCL
- Entered the Communications Platform as a Service (CPaaS) market with the launch of the BBM Enterprise SDK that will enable developers to integrate secure messaging, voice and video capabilities into applications and services
- After the quarter close, BB Merah Putih launched the BlackBerry Aurora, the first device launched under the Company's licensing agreement with BB Merah Putih
- After the quarter close, BlackBerry's AtHoc services achieved U.S. government FedRAMP and Agency/Component Authority to Operate (ATO) certifications
Other important items on the call cover the possibility of BlackBerry working with one of their hardware partners to produce an Android-based tablet that would be marketed as 'Secured by BlackBerry' but as noted on the call, no agreements have been signed in that area as of yet. For those expecting KEYone news from BlackBerry, John Chen did note it would be closer to the end of April for production to fully get going, with May being the broader rollout.
A new 5G BlackBerry Android smartphone with a keyboard will arrive in 2021
A new joint announcement from BlackBerry, OnwardMobility, and FIH Mobile lays out the plans for a new 5G BlackBerry Android smartphone with a physical keyboard to be brought to market in North America, and Europe within the first half of 2021.