Key Developments: Glu Mobile Inc (GLUU.O)
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22 May 2013
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$2.77
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1,922,830
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Latest Key Developments (Source: Significant Developments)
Glu Mobile Inc Issues Q2 2013 Guidance; Lowers High End Of Prior FY 2013 Revenue Guidance; Narrows FY 2013 Earnings Guidance
Glu Mobile Inc announced that for the second quarter 2013, it expects non-GAAP revenue to be between $16.5 million and $16.2 million, adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $600,000, is expected to range from $(3.5) million to $(4.4) million and Non-GAAP net loss to be between $(4.2) million and $(5.1) million, or a net loss of $(0.06) to $(0.07) per shares. For fiscal 2013, it expects non-GAAP revenue to be between $84.0 million and $98.5.0 million, adjusted EBITDA to range from $(4.7) million to $(6.2) million, Non-GAAP net loss to be between $(8.4) million and $(9.9) million, or a net loss of $(0.12) to $(0.14) per shares. Full Article
Glu Mobile Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
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. Full Article
Glu Mobile Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Glu Mobile Inc announced that for the fourth quarter of 2012, it expects non-GAAP revenue to be between $19.5-$20.5 million and non-GAAP smartphone revenue is expected to be between $17.5 million and $18.5 million. Adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $650,000, is expected to range from $(4.0) million to $(3.1) million, non-GAAP net loss is expected to be between $(5.1) million and $(4.2) million, or a net loss of $(0.08) to $(0.06) per weighted-average basic share for the fourth quarter of 2012. For fiscal 2012, it expects non-GAAP revenue to be between $86.4 million and $87.4 million and non-GAAP smartphone revenue is expected to be between $73.6 million and $74.6 million. Non-GAAP operating loss is expected to range from $(6.8) million to $(5.9) million and Adjusted EBITDA is expected to range from $(4.4) million to $(3.5) million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $26.6 million, EBITDA of $1.6 million, net income of $0.37 million and EPS of $(0.00) for the fourth quarter of 2012; revenue of $93.5 million, EBITDA of $0.31 million, net income of $(3.61) million for fiscal 2012. Full Article
Glu Mobile Inc Reaffirms Q3 2012 Revenue Guidance; Sees Q3 2012 EBITDA Guidance At High End Of Prior Range
Glu Mobile Inc announced that when it announced results for the second quarter of 2012 and stated that it expected non-GAAP revenues for the third quarter of 2012 to be in the range of $20.25 million to $21.25 million, and an adjusted EBITDA loss of between $3.1 million and $4.0 million. The Company currently expect that, on regularly scheduled earnings call on November 1, 2012, it will report third quarter 2012 revenue results that are consistent with that prior guidance and adjusted EBITDA results to be slightly favorable to the $3.1 million high end of that guidance. Full Article
Probability plc Announces Agreement With Glu Mobile Inc
Probability plc announced that it has entered into a strategic relationship for mobile gambling with Glu Mobile Inc. Probability, will leverage successful, existing Glu original IP to create a suite of Glu-branded real-money mobile slot games. The slot games will be distributed to audiences in Probability's regulated markets, initially the UK and Italy. Full Article
Glu Mobile Inc. Issues Q3 2012 Guidance; Reaffirms FY 2012 Guidance
Glu Mobile Inc. announced that for the third quarter of 2012, it expects Non-GAAP revenue to be between $20.25 million and $21.25 million, adjusted EBITDA loss, defined as non-GAAP operating loss excluding depreciation of approximately $600,000, to range from a loss of $(3.1) million to a loss of $(4.0) million, Non-GAAP net loss to be between $(3.9) million and $(4.8) million, or a net loss of $(0.06) to $(0.07) per weighted-average basic share. For fiscal 2012, the Company expects Non-GAAP revenue is expected to be between $94.4 million and $96.4 million and expect to achieve profitability for non-GAAP operating income. The Company also expects to achieve better than break even Adjusted EBITDA for fiscal 2012. Full Article
Glu Mobile Inc. Acquires GameSpy Technology
Glu Mobile Inc. announced that it has acquired GameSpy Technology from IGN Entertainment. GameSpy is a providers of technologies and services for multiplayer and server-based gaming across a wide array of platforms. Terms of the transaction were not disclosed. Full Article
Glu Mobile Inc. Raises Q2, FY 2012 Guidance
Glu Mobile Inc. announced the preliminary second quarter 2012, guidance and expects total non-GAAP revenue of approximately $24.2 million, up 35% year over year. This is above the Company's guidance of $20.5 million to $21.5 million. Non-GAAP Adjusted EBITDA is approximately $1.2 million. For fiscal 2012, it expects total non-GAAP revenue to be between $94.4 million and $96.4 million. This is above the Company's previous guidance of $86.7 million to $91.7 million and Adjusted EBITDA is expected to be better than break even. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $21.52 million, EBITDA of $(2.03) million for the second quarter of 2012; revenues of $92.58 and EBITDA of $(1.56) for fiscal 2012. Full Article
Glu Mobile Inc. Issues Long Term Quarterly Revenue Guidance; Comments On Q4 2012 EBITDA Guidance-Conference Call
Glu Mobile Inc. announced that it expects to hitting long-term targets in about a 50% revenue growth from present, at $31 million to $35 million of quarterly revenue. The Company expects to be non-GAAP operating profitable on an adjusted EBITDA basis sustainably in fourth quarter of 2012. Full Article
Glu Mobile Inc. Issues Q2 2012 Guidance; Revenue Guidance Above Analysts' Estimates
Glu Mobile Inc. announced that for second quarter of 2012, it expects non-GAAP revenue to be between $20.5-$21.5, adjusted EBITDA loss to range from a loss of $(2.0)-$(2.9) million and non-GAAP net loss to be between $(2.7)-$(3.6) million, or a net loss of $(0.04)-$(0.06) per weighted-average basic share (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $19.8 million, EBITDA of $(2.9) million and EPS of $(0.06) for second quarter of 2012. Full Article
Glu Mobile launches real-money gambling, shares soar
- Mobile games maker Glu Mobile Inc launched its first real-money mobile gambling game through UK mobile betting game designer and operator Probability Plc, sending the U.S. company's shares up as much as 27 percent.
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