FQ1 revenue of $966M slipped 1% from the previous quarter. Breakdown: 39% hardware, 54% services, 7% software and other. Hardware revenue recognized on about 1.6M smartphones, up from 1.3M the previous quarter.
About 2.6M phones sold to end customers during Q.
Adjusted gross margin of 48% gains 500 basis points from FQ4.
Cash on hand rises to $3.1B from $2.7B, boosted by a tax refund and sale of real estate. Excluding those, company burned through $255M in FQ1, down from $784M previously. Management expects break-even cash flow by the end of fiscal 2015.
Previously: BlackBerry beats by $0.15, beats on revenue
BBRY +9.8% premarket
CC begins at 8 ET.