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
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