Blackberry’s has disclosed its second-quarter earnings report after announcing layoffs for 4,500 employees.

Revenue for the quarter was $1.6 billion, as BlackBerry had indicated it would be in last week’s guidance. However, it suffered an adjusted loss from continuing operations of $248 million, or 47 cents a share, which was on the low side of the 47 cent-to-51 cent range that Blackberry had warned of last week. Wall Street Analysts had been expecting, on average, a lost of 49 cents a share.

However, it’s revenue was dampened by a loss on the Z10 of $935m.

I don’t won’t to sound pessimistic but it is going to take a miracle for the company to come back from this.