- BlackBerry exhibited strength in Q2'21 on the back of strong license revenue which will be subdued for the last half of the year.
- QNX royalty revenue expected to rebound in Q3/Q4 but is unlikely to compensate for lower licence revenue and anemic software sales.
- BlackBerry appears to be achieving automotive design wins, but investors should take a wait-and-see attitude.
- Same goes for other announcements such as partnerships with Canadian telephony companies and Microsoft Teams integration.
- The stock price is extremely undervalued, but for good reason. Revenue growth is AWOL. I am neutral on BlackBerry until the company starts to show signs of strong revenue growth.
For further details see:
BlackBerry And The Field Of Dreams