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RIM releases fiscal Q4 2006 statement

April 6th, 2006 · Source · No Comments

Research In Motion today announced its first quarterly earnings report since settling with NTP. The company was profitable, but lowered its outlook for future quarters. Much of the $600 million that was paid to NTP was already in an escrow account, but it still had to pay a significant amount including legal fees. Key numbers in the release:

  • Revenue up 39% to $561.2 million
  • Net income of $18.4 million
  • 625,000 net subscriber adds to total 4.9 million

Shares of the company are trading down based on a more conservative outlook for future quarters than investors were expecting.

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