/biz/ - Business & Finance

Reposting because old thread hit bump limit

What do you guys think about BBRY?
BlackBerry has been down in the dumps ever since its catastrophic failure to push BB10 as a competitor to Android and iOS (I think around 2016 is when it hella tanked). Since then they have basically laid off like 3/4th of their staff and tried to pivot to infosec, cybersec, and iot in enterprise. These are all buzzwordy but they have a history of strong acquisitions. QNX specifically comes to mind.

The stock has languished for awhile but 2020 is the first year they have seen a YOY increase in sales since *2011*. That's nearly 10 fucking years ago (the company has failed to increase its YOY sales for a decade!). But they also incurred a fairly massive loss this year too.

Any thoughts on whether this is a potential turnaround to become a low-mid tier software company? QNX especially is used in highly specialized applications like cars, planes, nuclear, etc so they aren't completely "dumb". At its peak, BBRY was over $200. Right now its sitting at $6 and has been below ~$15 since like 2013. But it seems like now they have pretty much completed their transition to software. There's no more hardware being built by them at all. Can BBRY jump up to like $20-30?

FY sales operating_income net_income
2014 6,813 (7,163) (5,873)
2015 3,335 (423) (304)
2016 2,160 (223) (208)
2017 1,309 (1,181) (1,206)
2018 932 283 405
2019 904 60 93
2020 1,040 (149) (152)