RIM posts Q4 loss, subscriber growth
Research In Motion, maker of the popular BlackBerry line of mobile phones, today announced a fiscal fourth quarter loss due to excessive legal fees. Due to the lawsuit by NTP , RIM took a litigation charge of $294.2 million that took the bottom out of its earnings. Excluding the one time charge, the quarter wasn't too bad: profit of $140.1 million on revenue of $404.8 million.
BlackBerry subscribers increased by 470,000 for a total of approximately 2.51 million.
bq. “Fiscal 2005 was a landmark year for RIM as the BlackBerry subscriber base more than doubled and revenue grew past $1 billion for the first time. Momentum continued throughout the fourth quarter with subscriber growth and operating results both exceeding expectations," said Jim Balsillie, Chairman and Co-CEO at RIM
