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Glu Mobile Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates


Wednesday, 6 Feb 2013 11:05am EST 

Glu Mobile Inc announced that for the first quarter 2013, it expects non-GAAP revenue to be between $17.0 million and $18.5 million. Adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $800,000, is expected to range from $(3.3) million to $(4.6) million and Non-GAAP net loss is expected to be between $(4.3) million and $(5.6) million, or a net loss of $(0.06) to $(0.08) per shares. For fiscal 2013, it expects non-GAAP revenue to be between $84.0 million and $92.0 million. Adjusted EBITDA is expected to range from $(1.8) million to $(7.5) million. Non-GAAP net loss is expected to be between $(5.9) million and $(11.6) million, or a net loss of $(0.09) to $(0.17) per shares. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $20.97 million, net income of $(2.13) million and EPS of $(0.03) for the first quarter of 2013; revenues of $99.33 million, EBITDA of $(0.64) and EPS of $0.00 for fiscal 2013. 

Company Quote

5.23
0.16 +3.16%
4:00pm EDT