The Zhitong Finance App learned that Blackberry (BB.US) announced the results for the first quarter of fiscal year 2021 ending May 31, 2020 after the US stock market on June 24.

Financial reports show that Blackberry recorded revenue of 206 million US dollars in the first quarter, a year-on-year decrease of 16.6%. Non-GAAP revenue was recorded at $214 million, down 19.85% from the previous year.

Non-GAAP earnings per share were $0.02 compared to $0.01 in the same period last year. GAAP lost $1.14 per share after dilution, compared to $0.09 in the same period last year.

The quarter's GAAP net loss included $549 million in non-cash one-time goodwill impairment and $33 million in amortization expenses for the acquisition of intangible assets.

Gross margin was 69%, compared to 72% in the same period last year. Under non-GAAP, gross margin was 71% compared to 75% in the same period last year.

Operating losses were $645 million, compared to a loss of $36 million in the same period last year. Under non-GAAP, there was an operating loss of $3 million and a profit of $5 million was recorded in the same period last year.

As of May 31, Blackberry held cash, cash equivalents, and total short-term and long-term investments of US$955 million.

Net cash used in operating activities was $31 million, and capital expenditure was $1 million.

As public health events brought uncertainty to the global economy, Blackberry did not provide performance guidelines for FY2021.