Last $5.16 USD
Change Today +0.01 / 0.19%
Volume 4.1M
GLUU On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

glu mobile inc (GLUU) Snapshot

Open
$5.18
Previous Close
$5.15
Day High
$5.20
Day Low
$5.02
52 Week High
07/22/14 - $7.60
52 Week Low
09/16/13 - $2.10
Market Cap
496.8M
Average Volume 10 Days
6.4M
EPS TTM
$-0.19
Shares Outstanding
96.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GLU MOBILE INC (GLUU)

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glu mobile inc (GLUU) Details

Glu Mobile Inc. develops and publishes a portfolio of action/adventure and casual games for the smartphones and tablet devices users. It develops games based on its own brands, such as Big Time Gangsta, Blood & Glory, Contract Killer, Contract Killer: Zombies, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Motocross Meltdown, Samurai vs. Zombies Defense, and Stardom, as well as third-party licensed brands. The company sells its products through direct-to-consumer digital storefronts. It operates in the Americas, EMEA, and the Asia-Pacific countries. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.

562 Employees
Last Reported Date: 08/11/14
Founded in 2001

glu mobile inc (GLUU) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $357.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $280.9K
President of Studios
Total Annual Compensation: $351.7K
President of Publishing
Total Annual Compensation: $246.9K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $237.2K
Compensation as of Fiscal Year 2013.

glu mobile inc (GLUU) Key Developments

Glu Mobile, Inc. Presents at 2014 Needham Interconnect Conference, Aug-05-2014 02:00 PM

Glu Mobile, Inc. Presents at 2014 Needham Interconnect Conference, Aug-05-2014 02:00 PM. Venue: The Westin Grand Central Hotel, New York, New York, United States. Speakers: Niccolo M. de Masi, Chief Executive Officer, President, Director and Member of Strategy Committee.

Glu Mobile, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year 2014; Provides Revenue Guidance for the Second Half Year of 2014

Glu Mobile, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Total GAAP revenue was $40.9 million in the second quarter of 2014 compared to $24.4 million in the second quarter of 2013. Total non-GAAP revenue was $35.0 million in the second quarter of 2014, an increase of 51% compared to $23.2 million in the second quarter of 2013. GAAP operating loss was $3.7 million in the second quarter of 2014 compared to a $6.0 million loss in the second quarter of 2013. Non-GAAP operating loss was $1.5 million in the second quarter of 2014 compared to a loss of $3.6 million during the second quarter of 2013. GAAP net loss was $3.8 million for the second quarter of 2014 compared to a GAAP net loss of $2.9 million for the second quarter of 2013. GAAP loss per basic and diluted share was $0.04 for the second quarter of 2014 compared to a loss per share of $0.04 for the second quarter of 2013. Non-GAAP net loss was $1.6 million for the second quarter of 2014 compared to a loss of $3.8 million for the second quarter of 2013. Non-GAAP loss per share was $0.02 for the second quarter of 2014 compared to a loss per share of $0.05 for the second quarter of 2013. Adjusted EBITDA was a loss of $0.9 million for the second quarter of 2014 compared to a loss of $2.9 million during the second quarter of 2013. Cash flows generated from operations were $5.0 million for the second quarter of 2014 compared to cash flows used in operations of $1.9 million or the second quarter of 2013. For the six months, the company reported revenues of $85.5 million compared to $49.05 million reported in the same period last year. Net loss was $3.6 million or $0.04 per basic and diluted share against net loss of $8.4 million or $0.12 per basic and diluted share reported last year. Loss from operations was $3 million against $11.4 million reported last year. Loss before income taxes was $3.1 million against $11.2 million reported last year. For the third quarter ending September 30, 2014 non-GAAP revenues are expected to be between $80.0 million and $85.0 million. Non-GAAP gross margin is expected to be approximately 58%. Adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $700,000, is expected to range from $10.0 million to $12.0 million. Income tax is expected to be a benefit of approximately $640,000. Non-GAAP net income is expected to be between $10.0 and $12.0 million, or between $0.09 and $0.11 per weighted-average diluted share outstanding, which excludes approximately $1.8 million of anticipated stock-based compensation expense and $653,000 for amortization of intangibles. During the third quarter, the company expects non-GAAP gross margin to be approximately 58%, which is lower than second quarter, primarily due to the higher royalty cost for license IP and higher hosting cost. Regarding the full year 2014, the company is increasing its total non-GAAP revenue to be in the range of $222 million to $232 million compared to previous guidance of $155 million to $161.5 million. Non-GAAP gross margin is expected to be approximately 62%. Adjusted EBITDA is expected to range from $19.1 million to $23.1 million. Non-GAAP net income is expected to be between $16.5 million and $20.6 million, or between $0.17 and $0.21 per weighted-average diluted share outstanding, which excludes approximately $11.7 million of anticipated stock-based compensation expense, $2.6 million for amortization of intangibles, $835,000 of Blammo earn out mark to market charges and any restructuring charges. The company expects to have cash and short-term investments at December 31, 2014 of $64.0 million with no debt. Non-GAAP gross margin to be approximately 62% for 2014, down from prior guidance of 66.8%. The company now expects to generate significantly more revenue in the second half of 2014 than the company did for the entire year of 2013.

Glu Mobile, Inc. to Report Q2, 2014 Results on Jul 30, 2014

Glu Mobile, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

 

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TEV/Sales 3.0x
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