Palm Announces Q4 2009 Results: Gross Profit of $20.1 million, Net loss of $105 million

Palm has posted their quarterly results for Q4 FY 2009.  Total revenues were a small $86.8 million, however Palm was able to turn a gross profit of $20.1 million.  It's unclear how much the Palm Pre affected these numbers, though it does seem likely that the Sprint Treo Pro did help Palm's profit margin.

Update: That's gross profit, so not so exciting. We have a Net loss of $105 million.  Palm reports officially on a GAAP basis -- they need to realize the revenue from the Palm Pre over the life of the device (as Apple does with the iPhone) because they intend to continue to offer free software upgrades.  If you take a look at the non-GAAP numbers the picture is a little better, with a gross profit of $30.4 million and a net loss of $53.4 million.

Palm shipped 351,000 smartphones in the quarter but refused to break out more detailed numbers -- so we still don't have official word of how many Palm Pre phones have been sold.

We ran a liveblog of the quarterly conference call, but Palm played their cards close to the chest and (repeatedly) didn't mention anything about future products, software, etc.

The full press release is after the break, or visit this handy PDF link at Palm.

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