Blackberry 2002 Annual Report Download - page 12

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A comparative revenue breakdown is set out in the following table:
FISCAL YEAR 2002 FISCAL YEAR 2001 GROWTH 2002/2001
Handhelds and other hardware products $ 180,372 61.3% $ 174,750 79.0% $ 5,622
Service 88,880 30.2% 29,067 13.1% 59,813
Software, non-recurring engineering
(“NRE”) and other 24,801 8.5% 17,510 7.9% 7,291
$ 294,053 100.0% $ 221,327 100.0% $ 72,726
Fiscal 2002 was a transition year for RIM in terms of its handheld products and revenues, as RIM added GPRS
wireless handhelds to its product portfolio. Handhelds and other hardware product revenues increased by $5.6 million
or 3.2% to $180.4 million or 61.3% of consolidated revenues in 2002 compared to $174.7 million or 79.0% of
revenues for the prior year.
Consistent with the Company’s strategic plan, service revenue increased
$59.8 million or 205.8% to $88.9 million in fiscal 2002 from $29.1
million in 2001; and comprised 30.2% of consolidated revenues.
BlackBerry subscribers increased by 156,000 or 94.5% to approximately
321,000 in the current year from approximately 165,000 as at February
28, 2001. Over 14,400 organizations are currently using BlackBerry.
Software, NRE and other revenues increased by $7.3 million to $24.8
million or 8.5% of consolidated revenues compared to $17.5 million
or 7.9% of revenues in the previous year. Software growth is generally
consistent with the increase in service revenues while NRE revenues
increased primarily as a result of securing a large contract with one
customer that commenced during the second quarter of 2002.
The Company’s comparative geographical revenue distribution is set
out below:
MARCH 2, 2002 FEBRUARY 28, 2001 FEBRUARY 29, 2000
Sales
Canada 7. 3 % 7. 6 % 7. 3 %
United States 81.5% 92.4% 92.7%
Foreign 11.2% ––
100.0% 100.0% 10 0.0%
The Company expects its percentage of total sales outside of the United States to again increase in fiscal 2003
as a result of executing its planned expansion of its revenue base into continental Europe and parts of Asia.
RESEARCH IN MOTION LIMITED 2002 ANNUAL REPORT
REVENUE MIX
Fiscal 2002
REVENUE MIX
Fiscal 2001
61.3%
8.5%
30.2%
Service
Hardware
Software and NRE
Service
Hardware
Software and NRE
25
165
321
00 01 02
400
350
300
250
200
150
100
50
0
BLACKBERRY
SUBSCRIBER GROWTH
(ALL NUMBERS APPROXIMATE)
TOTAL SUBSCRIBERS (000,s)
25
165
321
00 01 02
400
350
300
250
200
150
100
50
0
BLACKBERRY
SUBSCRIBER GROWTH
(ALL NUMBERS APPROXIMATE)
TOTAL SUBSCRIBERS (000,s)
1
0
7.9%
79%
13.1%
61.3%
8.5%
30.2%
7.9%
79%
13.1%