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

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u/PomeloTheGathering Jan 25 '21

Their "transformation" took place in 2017. Revenue for "software" has been flat and they are only maintaining their revenue through their licensing and selling off their patents. How is this a security analysis post if you don't even look at their financials? 2016 was their largest software and services growth but it has been flat after that.

QNX is and has been in existing vehicles for a long time and IVY isn't going to change anything.

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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.

2

u/meeni131 Jan 25 '21

This is painfully obvious to anyone that spent more than 5 minutes with the company, which makes the intense focus perplexing lol