1 Top Management and Board of Directors; 2 Peer Comparison & Ranking of BB; 3 Patents; 4 Currency Synopsis: Canadian Dollar (CAD)

Top Management and Board of Directors

Top Management
Top Management [Eight top executives with tenure > 8 yrs]

NameDesignationSince Appointment
James MackeyExecutive Vice President8 Yrs, 5 Mos
Sai Yuen HoExecutive Vice President10 Yrs, 5 Mos
John ChenChief Executive Officer, Executive Chairman-
Steve CapelliChief Financial Officer-
Marty BeardChief Operating Officer-
Nita White-IvyExecutive Vice President-
Randall CookCorporate Secretary, Chief Legal Officer-
Mark WilsonChief Marketing Officer-


Board Of Directors
Board Of Directors [Ten directors with tenure > 5 yrs]

NameDesignationSince Appointment
Richard LynchDirector5 Yrs
Michael A. DanielsDirector5 Yrs
Timothy DattelsDirector11 Yrs, 11 Mos
Barbara StymiestDirector-
Mike DanielsDirector-
Prem WatsaDirector-
Wayne WoutersDirector-
Laurie Smaldone AlsupDirector-
Lisa DisbrowIndependent Director-
V. Prem WatsaLead Independent Director-



Peer Comparison & Ranking of BB
PEER COMPARISON: BB IN INDICES

BlackBerry is a constituent of the following indices.

Its market capitalisation is $1 billion and accounts for 0.1% of the combined MCap of the S&P/TSX 60 Index.

Index NameMCap of Index ($ b)BB MCap as % of Index
S&P/TSX 60 Index1,617 0.1
S&P/TSX Composite Index2,162 0.1

GLOBAL PEER COMPARISON: BB - SIZE (all figures in $)

In its Global Peer Group of 9 companies BB is ranked fourth (4) by Revenue, fifth (5) by MCap, Total Assets and eighth (8) by Net Profit.


Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of BB5485
BlackBerry (BB)1.4B853M(130M)1.4B
Yuan Longping High-Tech Agriculture - A Share (000998)1.8B508.3M(120.8M)2B
Jiangxi Hongdu Aviation Industry- A Share (600316)1.7B999.1M19.4M2.4B
Gaona Aero Material (300034)1.6B396.8M46.4M867M
Jihua Group (601718)1.5B2.1B30.5M3.8B
Triumph Group (TGI)1.2B1.2B512.4M1.7B
Archer Aviation Inc. Class A (ACHR)1B(457.9M)554.3M
Shandong Denghai Seeds - A Share (002041)1B182.7M34.9M637.7M
Colt CZ Group (CZG)973.5M629.5M87.8M841.6M

GLOBAL PEER COMPARISON: BB - RELATIVE VALUE INDICATORS

In value terms, comparing relative value of its shares, BB is ranked

+ 4 out of 9 by Price/Sales per share [1.6]
+ 7 out of 9 by Price/Book value per share [48.9]


Name (Code)Currency CodeLast PriceDiv Yld (%)P/EP/SP/Book
Rank of BB by value47
BlackBerry (BB)CAD3.11.648.9
Yuan Longping High-Tech Agriculture - A Share (000998)CNY10.23.67.1
Jiangxi Hongdu Aviation Industry- A Share (600316)CNY170.41.72.3
Gaona Aero Material (300034)CNY15.50.856.34.14.5
Jihua Group (601718)CNY2.51.263.50.7
Triumph Group (TGI)USD15.10.9
Archer Aviation Inc. Class A (ACHR)USD3.72.5
Shandong Denghai Seeds - A Share (002041)CNY8.30.428.85.52.3
Colt CZ Group (CZG)CZK67111.51.612.8

USD 1=
1.370459 Canadian Dollar (CAD); 7.26 Chinese Yuan (CNY)


BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
BlackBerry vs Canadian Market

Out of 1,052 stocks and 26 units in the Canadian Market, BlackBerry is ranked twentieth(20) by Premium to 52-Wk Low, 184th(184) by Market Cap in $, 216th(216) by Discount to 52-Wk High and 393rd(393) by Revenue.

Canadian AvgBBBB Rank
Premium to 52-Wk Low (%)19.52.620
Market Cap $3 B1.4 B184
Discount to 52-Wk High (%)3.9659.9216
Revenue $6.9 B853 M393
EBITDA Margin%16.3(6.1)793
Price/Net Tangible Assets0.9x48.3x841
Net Profit $294.9 M(130 M)2443
Negative values are shown in brackets.
Stock in Index and Stock in Sector

DescriptionBBS&P/TSX 60 Index% of S&P/TSX 60 IndexCommunication equipment sector% of Communication equipment sector
Net Profit $-94,858,66099.2 B-0.1-251,389,72637.7
Revenue $622.4 M866.3 B0.12.7 B23.3
Total Assets $1 B8,811.3 B0.014 B25.3
MCap $1.4 B1,617.2 B0.14.6 B29.4

Relative Valuation Indicators: Stock vs Index and Stock vs Sector

DescriptionBBS&P/TSX 60 Index Avg.Communication equipment sector Avg.
Price/Earnings-10.416.8-28.5
Price/Net Tangible Assets48.282.6433.03

MARKET SHARE
BlackBerry vs Communication Equipment sector [Communication Equipment sector Total in Brackets]
Revenue of $1.2 billion[39.1% of aggregate sector revenue of CAD3.7 billion; up from 36.6% in the previous year.]

GLOBAL RANK [out of 47,043 stocks] AND RANK OF BLACKBERRY IN THE AMERICAN REGION [out of 9,729 stocks]

DescriptionValueGlobal RankIn Am Region
MCap ($)1.4B7,0352,305
Total Assets ($)1.4B9,0822,838
Revenue ($)853M7,7422,279
Net Profit ($)(130M)42,1407,492
Return on Equity %(16.8)35,0055,229
Net Profit Margin %(15.2)33,0084,440
Price to Book48.936,4915,531
PV1000 (1Year) $*47638,2927,039
$* Change (1Year) %-53.238,2677,035

* 1 year ago CAD 1 = $ 0.76
Jun 21, 2024: CAD 1 equals $ 0.73

RANK OF BLACKBERRY IN THE S&P/TSX 60 INDEX [out of 49 stocks], IN THE CANADIAN MARKET [out of 1312 stocks] AND IN THE COMMUNICATION EQUIPMENT SECTOR [out of 13 stocks]

DescriptionValueIn S&P/TSX 60 IndexIn Canadian MarketIn Communication equipment sector
MCap (CAD)1.9B512301
Total Assets (CAD)1.9B514211
Revenue (CAD)1.2B513681
Net Profit (CAD)(178.2M)471,75315
Return on Equity %(16.8)501,0498
Net Profit Margin %(15.2)4980910
Price to Book48.3381,2849
PV1000 (1Year) CAD492501,05912

LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best]
BlackBerry is ranked number 1 out of 19 listed communication equipment companies in the Canada with a market capitalization of CAD1.9 billion ($1.4 billion).

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Patents
Number of Patents Issued to BlackBerry by the US Patent Office and the European Patent Office
A total of 3,850 patents were issued to BlackBerry in the last ten years. In the past year 277 patents were issued, 0.7 times average of 385 patents per year.

12 months ended Jun 21No. of Patents Issued
2024277
2023272
2022212
2021291
2020382
2019358
2018478
2017618
2016644
2015318
Total3,850


Rank by patents issued in the past 12 months: BlackBerry vs CANADA stocks
BlackBerry is ranked 2 by patents issued in the past year out of 2,441 Canada listed companies. A total of 1,741 patents were issued to Canada listed companies in the past year, an average of 14.6 patents per company. BlackBerry received 272 patents in the past 12 months, 381 times average.


Currency Synopsis: Canadian Dollar (CAD)
% Change of CAD vs Currency Basket Period-Based
In the past year the Canadian Dollar fell 3.5% against the US Dollars; in the past three years the Canadian Dollar fell 9.1% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
CAD1=0.73USDUnited States Of America0.10.4-3.5-9.1
CAD1=5.303CNYChina0.10.6-2.42.2
CAD1=116.138JPYJapan0.51.88.331.0
CAD1=0.684EUREuropean Union0.50.9-1.30.9
CAD1=1,015.353KRWSouth Korea0.41.33.811.3
CAD1=0.989SGDSingapore0.30.7-2.6-8.5
CAD1=1.192NZDNew Zealand0.21.0-2.72.8
CAD1=0.578GBPUnited Kingdom0.61.3-2.9-0.6
CAD1=1.097AUDAustralia0.4--1.82.3
CAD1=5.699HKDHong Kong0.10.3-3.7-8.7
CAD1=0.652CHFSwitzerland0.40.2-3.9-12.0
CAD1=7.685SEKSweden1.00.7-5.611.0
CAD1=7.702NOKNorway0.3-0.7-5.210.4
CAD1=13.352MXNMexico-0.5-1.02.8-19.8

1 Financials as Reported FY 2024, Past 10 Years

Financials as Reported FY 2024, Past 10 Years
Financials as reported (FY 2024 [year-ended 29 February 2024 ])

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $ Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 29 February 2024 ])

Description$ Million$ Million
Feb 29, 2024Feb 28, 2023Change %
Revenue853656Up 30.0
Cost of sales333237Up 40.5
Gross margin520419Up 24.1
Operating expenses
Research and development186207Down 10.1
Sales and marketing171176Down 2.8
General and administrative181164Up 10.4
Amortization5496Down 43.8
Impairment of goodwill35245Down 85.7
Impairment of long-lived assets15235Down 93.6
Gain on sale of property plant and equipment net-6
Debentures fair value adjustment3-138Recovery
Litigation settlement165
6451,144Down 43.6
Operating loss-125-725Improved 82.8
Investment income net195Up 280.0
Income (loss) before income taxes-106-720Reduced 85.3
Provision for income taxes2414Up 71.4
Net income (loss)-130-734Improved 82.3
Earnings (loss) per share
Basic-22.0c-127.0cReduced 82.7
Diluted-22.0c-135.0cImproved 83.7
Weighted average number of ordinary share Basic584,543,000578,654,000Up 1.0
Weighted average number of ordinary share Diluted584,543,000639,487,000Down 8.6

BALANCE SHEET AS REPORTED (FY 2024 [year-ended 29 February 2024 ])

Description$ Million$ Million
Feb 29, 2024Feb 28, 2023Change %
Assets
Current
Cash and cash equivalents175295Down 40.7
Short-term investments62131Down 52.7
Accounts receivable net of allowance of 6 and 1 respectively199120Up 65.8
Other receivables2112Up 75.0
Income taxes receivable43Up 33.3
Other current assets47182Down 74.2
508743Down 31.6
Restricted cash and cash equivalents2527Down 7.4
Long-term investments3634Up 5.9
Other long-term assets578Up 612.5
Operating lease right-of-use assets net3244Down 27.3
Property plant and equipment net2125Down 16.0
Intangible assets net154203Down 24.1
Goodwill562595Down 5.5
1,3951,679Down 16.9
Liabilities
Current
Accounts payable1724Down 29.2
Accrued liabilities117143Down 18.2
Income taxes payable2820Up 40.0
Debentures367
Deferred revenue current194175Up 10.9
356729Down 51.2
Deferred revenue non-current2840Down 30.0
Operating lease liabilities3852Down 26.9
Other long-term liabilities31Up 200.0
Long-term notes194
619822Down 24.7
Commitments and contingencies
Shareholders' equity
Capital stock and additional paid-in capital
Preferred shares: authorized unlimited number of non-voting cumulative redeemable and retractable
Common shares: authorized unlimited number of non-voting redeemable retractable Class A common shares and unlimited number of voting common shares
Issued and outstanding - 589232539 voting common shares (February 28 2023 - 582157203)2,9482,909Up 1.3
Deficit-2,158-2,028Deterioration 6.4
Accumulated other comprehensive loss-14-24Improved 41.7
776857Down 9.5
1,3951,679Down 16.9

CASH FLOW AS REPORTED (FY 2024 [year-ended 29 February 2024 ])

Description$ Million$ Million
Feb 29, 2024Feb 28, 2023Change %
Cash flows from operating activities
Net income (loss)-130-734Improved 82.3
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization59105Down 43.8
Stock-based compensation3334Down 2.9
Gain on sale of investment
Impairment of goodwill35245Down 85.7
Impairment of long-lived assets15235Down 93.6
Intellectual property disposed of by sale147
Gain on sale of property plant and equipment net-6
Debentures fair value adjustment3-138Recovery
Operating leases-13-16Improved 18.8
Other35Down 40.0
Net changes in working capital items
Accounts receivable net of allowance-7918Deterioration
Other receivables-913Deterioration
Income taxes receivable-16Deterioration
Other assets-53-1Deterioration 5,200.0
Accounts payable-72Deterioration
Accrued liabilities-21-11Deterioration 90.9
Income taxes payable89Down 11.1
Deferred revenue7-29Recovery
Net cash used in operating activities-3-263Improved 98.9
Cash flows from investing activities
Acquisition of long-term investments-2-3Improved 33.3
Proceeds on sale maturity or distribution from long-term investments
Acquisition of property plant and equipment-7-7Steady
Proceeds on sale of property plant and equipment17
Acquisition of intangible assets-14-34Improved 58.8
Acquisition of short-term investments-154-514Improved 70.0
Proceeds on sale or maturity of restricted short-term investments
Proceeds on sale or maturity of short-term investments223717Down 68.9
Net cash provided by investing activities46176Down 73.9
Cash flows from financing activities
Issuance of common shares66Steady
Maturities of 2020 Debentures and Extension Debentures-515
Proceeds from issuance of Extension Debentures and Notes net344
Net cash provided by (used in) financing activities-1656Deterioration
Effect of foreign exchange loss on cash cash equivalents restricted cash and restricted cash equivalents-3
Net increase (decrease) in cash cash equivalents restricted cash and restricted cash equivalents during the period-122-84Deterioration 45.2
Cash cash equivalents restricted cash and restricted cash equivalents beginning of period322406Down 20.7
Cash cash equivalents restricted cash and restricted cash equivalents end of period200322Down 37.9

Download BLACKBERRY Financials Past 10 Years


DescriptionFeb 24Feb 23Feb 22Feb 21Feb 20
Income Statement
Revenue per share 1.461.031.141.85
EBITDA (M)(52)(624)184(931)46
Depreciation (M)5496165182194
Tax (M)24147(9)4
Net profit (130 M)(734 M)12 M(1.1 B)(152 M)
EPS (0.22)(1.27)0.02(1.97)(0.27)
Balance Sheet
Equity Share Capital 776 M857 M1.6 B1.5 B2.5 B
Retained Earnings (2.2 B)(2 B)(1.3 B)(1.3 B)(198 M)
Total Assets (B)1.41.72.62.83.9
Current Asset 508 M743 M1 B1 B1.2 B
Fixed Asset (M)2125414870
Working Capital (M)1521464657775
Cash Flow
Operating Cash Flow (M)(3)(263)(28)8226
Investing Cash Flow (M)46176207(65)(188)
Financing Cash Flow (M)(165)610(227)7
Net Cash Flow (M)(122)(81)189(210)(155)

DescriptionFeb 19Feb 18Feb 17Feb 16Feb 15
Income Statement
Revenue per share 1.471.714.16.24
EBITDA 213 M559 M(1 B)(5 M)607 M
Depreciation (M)136153186277992
Tax (16 M)1 M(74 M)(81 M)
Net profit 93 M405 M(1.2 B)(208 M)(304 M)
EPS 0.170.76(2.3)(0.4)(0.58)
Balance Sheet
Equity Share Capital (B)2.62.52.13.23.4
Retained Earnings (32 M)(55 M)(438 M)768 M1 B
Total Debt 782 M591 M1.3 B1.7 B
Total Assets (B)43.83.35.56.6
Current Asset (B)1.22.51.734.2
Fixed Asset (M)856491412556
Working Capital 723 M2.1 B1.1 B2 B2.8 B
Cash Flow
Operating Cash Flow (M)100704(224)257813
Investing Cash Flow (375 M)(630 M)724 M(439 M)(1.2 B)
Financing Cash Flow (M)5(10)(722)(78)16
Net Cash Flow (M)(270)64(222)(260)(344)