Last $3.79 USD
Change Today +0.03 / 0.80%
Volume 399.6K
GLUU On Other Exchanges
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Exchange
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As of 10:07 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

glu mobile inc (GLUU) Snapshot

Open
$3.78
Previous Close
$3.82
Day High
$3.80
Day Low
$3.76
52 Week High
07/22/14 - $7.60
52 Week Low
12/3/13 - $3.40
Market Cap
405.3M
Average Volume 10 Days
2.6M
EPS TTM
$0.03
Shares Outstanding
106.9M
EX-Date
--
P/E TM
131.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for GLU MOBILE INC (GLUU)

glu mobile inc (GLUU) Related Businessweek News

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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.

639 Employees
Last Reported Date: 11/10/14
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. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014 and for the Full Year of Fiscal 2015

Glu Mobile, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced revenues of $64,791,000 compared to $21,722,000 for the same period a year ago. Loss from operations was $106,000 compared to $7,843,000 for the same period a year ago. Loss before income taxes was $446,000 compared to $7,998,000 for the same period a year ago. Net income was $10,612,000 or $0.10 per diluted share compared to net loss of $7,968,000 or $0.11 per diluted share for the same period a year ago. Total non-GAAP revenue was $83.6 million in the third quarter of 2014, an increase of 270% compared to $22.6 million in the third quarter of 2013. Non-GAAP operating income was $14.8 million in the third quarter of 2014 compared to a loss of $4.8 million during the third quarter of 2013. Adjusted EBITDA was $15.4 million for the third quarter of 2014 compared to a loss of $4.1 million during the third quarter of 2013. Non-GAAP net income was $17.5 million for the third quarter of 2014 compared to a loss of $4.7 million for the third quarter of 2013. Non-GAAP EPS was $0.17 for the third quarter of 2014 compared to non-GAAP LPS of $0.07 for the third quarter of 2013. Cash flows generated from operations were $2.5 million for the third quarter of 2014 compared to cash flows used in operations of $5.9 million for the third quarter of 2013. The record quarter was driven by the strength of Kim Kardashian: Hollywood, the company’s new releases Dino Hunter: Deadly Shores and Tap Sports: Baseball, ongoing traction with Deer Hunter 2014 and Eternity Warriors 3 and the addition of Racing Rivals to the company’s product portfolio. For the nine months, the company announced revenues of $150,281,000 compared to $70,772,000 for the same period a year ago. Loss from operations was $3,065,000 compared to $19,291,000 for the same period a year ago. Loss before income taxes was $3,559,000 compared to $19,151,000 for the same period a year ago. Net income was $6,977,000 or $0.07 per diluted share compared to net loss of $16,386,000 or $0.24 per diluted share for the same period a year ago. The company provided earnings guidance for the fourth quarter and full year ending December 31, 2014 and for the full year of fiscal 2015. For the fourth quarter ending December 31, 2014, the company expects to report non-GAAP revenues between $60.0 million and $65.0 million. Non-GAAP gross margin is expected to be approximately 58%. Adjusted EBITDA, excluding depreciation of approximately $600,000, is expected to range from $3.5 million to $5.5 million. Income tax is expected to be an expense of approximately $2.2 million. Non-GAAP net income is expected to be between $0.8 million and $2.8 million or between $0.01 and $0.03 per weighted-average diluted share outstanding. For the full year ending December 31, 2014, the company expects to report non-GAAP revenues between $225.5 million and $230.5 million. Non-GAAP gross margin is expected to be approximately 63%. Adjusted EBITDA is expected to range from $24.5 million to $26.5 million. Non-GAAP net income is expected to be between $22.1 million and $24.1 million or between $0.23 and $0.25 per weighted-average diluted share outstanding. The company announced that 2014 will be the most profitable year in the company's history, with circa $25 million in free cash flow generation. Based on the company’s current visibility, the company believes 2015 organic revenue will be in the range of $220 million to $260 million. The company expects 2015 EBITDA full year margin to be approximately 11% at the midpoint of the range, which is flat 2014's expected full year figure.

GLUU Seeks Acquisitions

Glu Mobile, Inc. (NasdaqGS:GLUU) is seeking acquisitions. Niccolo De Masi, Chief Executive Officer of GLUU said, “With our strong balance sheet, we remain on the lookout for accretive acquisitions of studies with world-class centers of excellence in a given genre. We also continue to advance opportunities for building and launching additional high-quality celebrity games in 2015.”

Glu Mobile, Inc. to Report Q3, 2014 Results on Oct 29, 2014

Glu Mobile, Inc. announced that they will report Q3, 2014 results at 1:30 PM, Pacific Standard Time on Oct 29, 2014

 

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GLUU

Industry Average

Valuation GLUU Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 2.4x
Price/Cash Flow 56.8x
TEV/Sales 1.9x
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