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Glu Mobile Inc (GLUU.OQ)

GLUU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Glu Mobile Q4 loss per share $0.13
Wednesday, 8 Feb 2017 04:05pm EST 

Glu Mobile Inc : Glu Mobile Inc says total bookings were $57.8 million in Q4 of 2016 compared to $57.9 million in q4 of 2015 . Glu reports fourth quarter and full year 2016 financial results . Q4 loss per share $0.13 . Glu Mobile Inc says gross margin was 56 pct in Q4 of 2016 compared to 58 pct in Q4 of 2015 . Glu Mobile Inc says bookings are expected to be between $53.0 million and $55.0 million for Q1 . Q4 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S . Glu Mobile Inc says bookings are expected to be between $215.0 million and $225.0 million for 2017 .Glu Mobile Inc - total revenue was $46.3 million in Q4 of 2016 compared to $61.0 million in Q4 of 2015.  Full Article

Glu mobile cuts about 107 positions
Tuesday, 10 Jan 2017 04:53pm EST 

Glu Mobile Inc : Glu Mobile -elimination of approximately 107 positions . Committed to a restructuring plan consisting of discontinuation of all operations at Glu's Bellevue, Washington studio . Glu Mobile - expects to incur pre-tax charges of about $3.2 million to $3.5 million related to restructuring plan if contingent portion of plan is not triggered . Glu Mobile Inc- glu expects to recognize substantially all of restructuring-related costs during q1 of 2017 . Glu Mobile-expects overall headcount,research development expenses will be at about same level at end of 2017 as was before implementation of restructuring plan . Glu Mobile - will immediately begin transitioning game development, live operations for racing rivals title from co's california studio to carbonated inc . Glu Mobile - intends to add headcount in existing San Francisco Bay Area And Hyderabad, India locations to support its titles and develop additional titles . Glu Mobile - expects to incur pre-tax charges related to restructuring plan about $4.9 million to $5.4 million if contingent portion of plan is triggered . Glu Mobile says it has agreed to provide carbonated with development funding and a percentage of profits generated by racing rivals title to extent that carbonated is able to increase net revenues from the title.  Full Article

Glu Mobile acquired all of intangible assets and certain other assets of Plain Vanilla Corp
Wednesday, 21 Dec 2016 04:20pm EST 

Glu Mobile Inc : Says the acquisition includes all rights to quizup and certain other assets, including about $1.2 million in cash . Says on dec 19, co acquired substantially all of intangible assets and certain other assets of plain vanilla corp . Glu mobile inc- on december 15, 2016, board increased size of board from eight directors to nine directors- sec filing . Glu mobile - in exchange, glu agreed to forgive and cancel $7.5 million of convertible promissory notes of plain vanilla held by glu Further company coverage: [GLUU.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Glu Mobile announces new employment inducement awards related to Crowdstar acquisition
Tuesday, 15 Nov 2016 04:15pm EST 

Glu Mobile Inc :Glu Mobile announces new employment inducement awards related to Crowdstar acquisition.  Full Article

Glu mobile Q3 loss per share $0.33
Thursday, 3 Nov 2016 04:10pm EDT 

Glu Mobile Inc - : Sees FY 2016 bookings are expected to be between $202.2 million and $204.2 million. . Sees FY 2016 adjusted gross margin (as previously defined) is expected to be approximately 48% . Glu reports third quarter 2016 financial results . Q3 loss per share $0.33 . Q3 revenue $51.4 million versus I/B/E/S view $50.9 million .Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.  Full Article

Glu Mobile expects Q3 adjusted net loss between $4.3 mln-$4.8 mln
Tuesday, 2 Aug 2016 04:15pm EDT 

Glu Mobile Inc : Q2 loss per share $0.14 . Glu reports second quarter 2016 financial results . Q2 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S . Total bookings were $50.9 million in q2 of 2016, compared to $57.5 million in q2 of 2015 . Q3 bookings are expected to be between $50.0 million and $52.0 million . Q3 adjusted gross margin is expected to be approximately 62.1% . Q2 revenue of $48.4 million and q2 bookings of $50.9 million . Total revenue was $48.4 million in q2 of 2016 compared to $56.2 million in q2 of 2015 . Adjusted eps loss, was $0.03 for q2 of 2016 . Q3 adjusted net loss is expected to be between net loss of $4.3 million and net loss of $4.8 million . Fy bookings are expected to be between $195.0 million and $202.0 million. . Fy adjusted gross margin is expected to be approximately 61.9% .Fy adjusted net loss is expected to be between a loss of $19.3 million and $21.8 million.  Full Article

Glu Mobile Inc gives Q1 2016 and FY 2016 guidance
Wednesday, 3 Feb 2016 04:10pm EST 

Glu Mobile Inc:Says Q1 2016 Non-GAAP revenue is expected to be between $46.0 million and $48.0 million.Says Q1 2016 Adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $0.6 million, is expected to range from a loss of $(6.0) million to $(7.0) million.Says Q1 2016 Non-GAAP net loss is expected to be between $(6.8) million and $(7.8) million, or between $(0.05) and $(0.06) per weighted-average basic share outstanding.Says FY 2016 Non-GAAP revenue is expected to be between $250.0 million and $275.0 million.Says FY 2016 Adjusted EBITDA is expected to range from a loss of $(7.0) million to $(15.0) million.Says FY 2016 Non-GAAP net income is expected to be between a loss of $(10.3) million and $(18.3) million, or between $(0.08) and $(0.14) per weighted-average basic share outstanding.  Full Article

Glu Mobile partners with Global Superstar Taylor Swift on new mobile game
Wednesday, 3 Feb 2016 04:05pm EST 

Glu Mobile Inc:Says company has partnered with GRAMMY award-winning artist, Taylor Swift, on the development of a new mobile game.Says Swift will work exclusively with Glu as part of a multi-year partnership.Says Game is currently slated for global release in late 2016.  Full Article

Glu Mobile Inc announces intention to implement $50 million stock repurchase program
Monday, 11 Jan 2016 08:00am EST 

Glu Mobile Inc:Announces intention to implement $50 million stock repurchase program.Expects that the repurchase program will be funded using Glu's working capital.  Full Article

Glu Mobile Inc gives Q3 2015 guidance below analysts' estimates; updates FY 2015 guidance
Tuesday, 4 Aug 2015 04:10pm EDT 

Glu Mobile Inc:Expects Q3 2015 Non-GAAP revenue to be between $58.0 million and $60.0 million.Expects Q3 2015 adjusted EBITDA, defined as non-GAAP operating income/(loss) excluding depreciation of about $0.7 million, to range from a loss of $(1.0) million to a profit of $1.0 million.Expects Q3 2015 Non-GAAP net income/(loss) to be between $(2.2) million and ($0.2) million, or between $(0.02) and $0.00 per weighted-average basic share.Expects FY 2015 Non-GAAP revenue to be between $267.0 million and $282.0 million.Expects FY 2015 Non-GAAP net income to be between $18.7 million and $23.7 million, or between $0.15 and $0.19 per weighted-average diluted share.Expects FY 2015 adjusted EBITDA to range from $22.5 million to $27.5 million.Q3 2015 revenue of $74 million, EBITDA of $13 million and EPS of $0.08 - Thomson Reuters I/B/E/S.FY 2015 revenue of $280 million, EBITDA of $33 million and EPS of $0.22 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Glu mobile cuts about 107 positions

* Committed to a restructuring plan consisting of discontinuation of all operations at Glu's Bellevue, Washington studio