Blackberry 1999 Annual Report Download - page 3

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Financial Highlights
(in thousands of Canadian dollars, except per share amounts)
Year ended February 28, 1999 1998*
Income Statement Data
Revenue $ 70,483 $ 31,118
Gross Profit $ 27,654 $ 9,674
Net Income $ 9,541 $ 540
Earnings Per Share (basic and fully diluted) $ 0.15 $ 0.01
Operating Data
(Percentage of revenue)
Gross Margin 39% 31%
Gross Research and Development 17% 21%
Selling, Marketing and Administration 14% 13%
Balance Sheet Data
Total Assets $ 175,527 $ 153,347
Shareholders’ Equity $ 160,054 $ 150,055
* In fiscal 1999, RIM ceased to include government assistance and Investment Tax
Credits in revenue. These items are now netted against gross R&D expenses.
Comparative historical figures in this annual report have been reclassified to conform
to current year’s presentation.
Net Income
(CDN $ million)
1
0
10
20
30
40
50
60
$70
3.0
6.4
9.8
31.1
96* 97* 98* 99
70.5
95*
Revenue
(CDN $ million)
0
2
4
6
8
$10
0.6
0.7
0.04
0.5
96 97 98 99
9.5
95