Blackberry 2001 Annual Report Download - page 17

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Revenue by Product
Fiscal 2000
Revenue by Product
Fiscal 2001
25%
56%
56%
25%
19%
19%
RIM Wireless
Handhelds
BlackBerryBlackBerry
OEM & Other
OEM & Other
Results of Operations
Operating Highlights Increase/
(U.S. $000’s) Fiscal 2001 Fiscal 2000 (Decrease)
Revenue $ 221,327 $ 84,967 $ 136,360
Gross margin $87,475 $ 36,393 $ 51,082
Gross margin percentage 39.5% 42.8% (3.3%)
Net income before write-down of long-term investments $ 8,539 $ 10,498 $ (1,959)
Write-down of long-term investments 14,750 –
Net income (loss) $ (6,211) $ 10,498
Selected Quarterly Financial Data –Unaudited
Year ended February 28, 2001 Fourth Quarter Third Quarter Second Quarter First Quarter
Revenue $ 90,079 $ 61,629 $ 42,521 $ 27,098
Gross margin 34,486 23,704 17,144 12,141
Net income (loss) before write-down
of long-term investments 8,280 1,496 (1,625) 388
Net income (loss) $ (6,470) $ 1,496 $ (1,625) $ 388
Earnings (loss) per share
Basic $ (0.08) $ 0.02 $ (0.02) $ 0.01
Diluted $ (0.08) $ 0.02 $ (0.02) $ –
Year ended February 29, 2000 Fourth Quarter Third Quarter Second Quarter First Quarter
Revenue $ 25,801 $ 23,689 $ 19,278 $ 16,199
Gross margin 10,267 10,836 8,503 6,787
Net income $ 3,209 $ 3,181 $ 2,322 $ 1,786
Earnings per share
Basic $ 0.05 $ 0.05 $ 0.03 $ 0.03
Diluted $ 0.05 $ 0.04 $ 0.03 $ 0.03
Revenue
Revenue increased 160% to $221.3 million from $85.0 million for the year ended February 28, 2001. This
increase was primarily due to sales of BlackBerry, which accounted for 54% of revenues and the RIM Wireless
Handhelds, which accounted for 37% of the Company’s revenues. The remaining 9% of revenue was comprised
of OEM radio modems, software licence revenue, non-recurring engineering charges and wireless PC cards. For
the year ended February 29, 2000, BlackBerry accounted for 19% of revenue, the RIM Wireless Handhelds
for 56% and the remaining 25% of revenue was comprised of OEM radio modems, software licence revenue,
non-recurring engineering charges and wireless PC cards.
RIM Wireless
Handhelds
9%
9% 37%
37%
54%
54%
2001 Annual Report >Research In Motion Limited