Blackberry 2005 Annual Report Download - page 23

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21
Fiscal 2004 Year
Fourth Third Second First
Quarter Quarter Quarter Quarter
(in thousands, except per share data)
Revenue $ 210,585 $ 153,891 $ 125,679 $ 104,461
Gross margin (3) 103,476 72,398 52,968 42,409
Research and development, Selling, marketing and
administration (3), and Amortization (3) 56,889 49,132 47,388 45,632
Litigation (1) 12,874 9,201 5,653 7,459
Investment income (3,624) (2,264) (2,222) (2,496)
Income (loss) before income taxes 37,337 16,329 2,149 (8,186)
Recovery of income taxes (2) (4,200) – – –
Net income (loss) $ 41,537 $ 16,329 $ 2,149 $ (8,186)
Earnings (loss) per share (4)
Basic $ 0.24 $ 0.10 $ 0.01 $ (0.05)
Diluted $ 0.23 $ 0.10 $ 0.01 $ (0.05)
Research and development $ 17,877 $ 15,673 $ 14,701 $ 14,387
Selling, marketing and administration (3) 32,310 26,233 25,424 24,525
Amortization (3) 6,702 7,226 7,263 6,720
$56,889 $ 49,132 $ 47,388 $ 45,632
Notes:
(1) See “Results of Operations – Litigation” and note 15 to the Consolidated Financial Statements.
(2)See “Results of Operations – Income Taxes” and note 9 to the Consolidated Financial Statements.
(3)During the third quarter of fiscal 2004, the Company reclassified costs associated with its BlackBerry network operations
center and its technical and service support operations center to Cost of sales. Such costs were previously included in Selling,
marketing and administration expense. In addition, amortization expense related to manufacturing operations and BlackBerry
network operations has been reclassified to Cost of sales. Such amortization was previously included in Amortization expense.
All comparative amounts were reclassified to conform to this new presentation. There were no adjustments to previously
reported net income (loss) as a result of any of these reclassifications.
(4)See “Stock Split” and note 11 (a) to the Consolidated Financial Statements.
For the years ended February 26, 2005, February 28, 2004 and March 1, 2003