BlackBerry has reported non-GAAP profitability and positive cash flow in its Q4 results.
The Canadian mobile company posted revenues of $660 million for Q4, factoring in a $12 million negative impact from currency fluctuation. 42 percent of revenue was realised in hardware, 47 percent in services and 10 percent in software.
This represented a year-on-year fall in revenue of 32 percent compared to Q4 fiscal year 2014, and a 16 percent fall from the previous quarter.
BlackBerry’s non-GAAP profit for the quarter was $20 million, while GAAP net income for the quarter was $28 million. Alongside a fall in revenues, the profits are due to cost-cutting rather than a business expansion.
Revenue for fiscal year 2015 was $3.3 billion, while BlackBerry saw a non-GAAP loss for the year of $45 million. The GAAP net loss was $304 million.
BlackBerry projected positive free cash flow and highlighted plans to expand its distribution capabilities, with results from this to be seen in 2016. The company reiterated its target of sustainable non-GAAP profitability in fiscal 2016.
"Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio. We now have a very good handle on our margins, and our product roadmaps have been well received," said Executive Chairman and CEO John Chen.
He added: "The second half of our turnaround focuses on stabilisation of revenue with sustainable profitability and cash generation."
