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Glu Mobile Inc Issues Q4 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance


Wednesday, 30 Oct 2013 04:05pm EDT 

Glu Mobile Inc announced that for the fourth quarter of 2013, it expects Non-GAAP revenues are expected to be between $31.5 million and $32.5. Adjusted EBITDA, defined as non-GAAP operating income excluding depreciation of approximately $700,000, is expected to range from $750,000 to $1.25 million and Non-GAAP net income is expected to be between breakeven and $400,000, or between breakeven and $0.01 per weighted-average diluted share outstanding. For fiscal 2013, Non-GAAP revenues are expected to be between $102.0 million and $103.0 million, Adjusted EBITDA is expected to range from a loss of between $(7.3) million to $(7.8) million. Non-GAAP net loss is expected to be a loss between $(10.5) million and $(11.0) million, or a net loss of $(0.15) per weighted-average basic share outstanding. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $29.37 million, EBITDA of $(1.27) million, net income of $(2.18) million and EPS of $(0.03) for the fourth quarter of 2013; and revenues of $97.94 million, EBITDA of $(12) million , net income of $(15) million and EPS of $(0.22) for fiscal 2013. 

Company Quote

4.1
0.03 +0.74%
26 Dec 2014