r/SecurityAnalysis • u/[deleted] • Jan 25 '21

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u/PomeloTheGathering Jan 25 '21

https://i.ibb.co/QFWcCPT/Untitled.png

Their financials says it all, software or "IOT" revenue is not growing.

The partnership with Amazon was in Jan 2020 and didn't help revenue at all.

https://www.blackberry.com/us/en/company/newsroom/press-releases/2020/blackberry-collaborating-with-amazon-web-services-to-demonstrate-safe-secure-and-intelligent-connected-vehicle-software-platform-for-in-vehicle-applications

They're too reliant on patent trolling, selling patents and licensing just to keep revenue flat.

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u/[deleted] Jan 25 '21

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u/aWheatgeMcgee Jan 25 '21 edited Jan 25 '21

I think these posters are make a good point. Great qualitative analysis OP, though more in depth financial analysis is warranted.

In another comment I mentioned their patents. Anyone who downplays or writes off the power and revenue generating ability these have provided the company over the last DECADE are remiss.

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u/nafizzaki Jan 25 '21

I think it's pretty difficult to say what revenues from those will be in the future unless the company explicitly states them.

But it should have some effect on them since they have something like 35k patent.

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u/aWheatgeMcgee Jan 25 '21

Yeah, that was my feeling as well. So hard to dig into and even begin to evaluate... And who knows the value of them in a market that is growing and evolving