Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Glu Mobile Inc.    GLUU

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Glu Mobile Inc. : Glu Mobile Files Form 424B Prospectus Supplement with SEC Relating to Transfer of Warrant

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/05/2012 | 04:40am CET

Glu reiterates that it has no current intention to raise additional capital

Glu Mobile Inc. (Nasdaq: GLUU), a leading global developer and publisher of freemium games for smartphone and tablet devices, reiterated that it has no current intention to raise additional capital in 2012 through an offering of any kind. The prospectus supplement that the company filed today with the Securities and Exchange Commission related solely to the sale of a warrant to purchase 50,000 shares of Glu's common stock that was issued in Glu's August 2010 private placement transaction by the original warrant holder. Glu fulfilled its contractual obligation under the private placement agreements to file a prospectus supplement to name the new holder of the transferred warrant. The filing of the prospectus supplement is wholly unrelated to Glu's acquisition of the Deer Hunter® brand assets that it announced earlier today and is not an indication that Glu intends to raise any additional capital.

"As I stated during our last earnings conference call, we anticipate reaching profitability without needing to access the equity capital markets or incur any debt," said Niccolo de Masi, Glu President and CEO. "As part of our announcements related to the Deer Hunter transaction earlier today we reiterated our expectations of reaching profitability with a net cash balance in the double digit millions. We have no need nor current intention to raise capital."

Cautions Regarding Forward-Looking Statements

This news release contains forward-looking statements, including that we anticipate reaching profitability without needing to access the capital markets or incur any debt and with a net cash balance in the double digit millions. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors should consider important risk factors, which include: our cash usage in 2012 may be greater than we currently anticipate; the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop freemium games for smartphones, tablets and next-generation platforms, the risk that our development expenses for games for smartphones are greater than we anticipate; the risk that our recently and newly launched games are less popular than anticipated; the risk that our newly released games will be of a quality less than desired by reviewers and consumers; the risk that the mobile games market, particularly with respect to freemium gaming, is smaller than anticipated; and other risks detailed under the caption "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission on March 14, 2012 and our other SEC filings. You can locate these reports through our website at http://www.glu.com/investors. We are under no obligation, and expressly disclaim any obligation, to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

Glu Mobile

Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of freemium games for smartphone and tablet devices. Glu's unique technology platform enables its titles to be accessible to a broad audience of consumers all over the world - supporting iOS, Android, Windows Phone, Google Chrome and beyond. Glu is focused on bringing the best in freemium, cross-platform mobile gaming experiences to the mass market. Founded in 2001, Glu is headquartered in San Francisco and has major offices in Kirkland, Washington, Brazil, Canada, China, Russia and the UK. Glu is focused on creating compelling original IP and also partners with leading entertainment brands including Activision, Caesars and Fox. Consumers can find high-quality entertainment created exclusively for their mobile devices wherever they see the 'g' character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at www.facebook.com/glumobile.

DEER HUNTER, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc.

Investor Relations Contact
ICR
Seth Potter, (646) 277-1230
ir@glu.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLU MOBILE INC.
12/02 GLU MOBILE : Plain Vanilla Acquires Minority Equity Stake in Glu Mobile
11/18 GLU MOBILE INC : Change in Directors or Principal Officers, Financial Statements..
11/18 GLU MOBILE : Change in Directors or Principal Officers (form 8-K/A)
11/17 GLU MOBILE : Introducing Design Home, Every Home Decor Lover’s New Obsessi..
11/15 GLU MOBILE : Announces New Employment Inducement Awards Related to Crowdstar Acq..
11/14 GLU MOBILE : Mobile Gaming Stocks Posting Strong Performance Results Behind Cont..
11/10 GLU MOBILE : Comet Transfer (Glu Mobile) Acquires 80.6% Stake in Crowdstar
11/09 GLU MOBILE : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES..
11/08 GLU MOBILE INC. : (GLUU) is Trading Higher on Unusual Volume for November 08
11/04 FREEMIUM MATCH MADE IN HEAVEN : Glu Mobile (GLUU) and Taylor Swift are making a ..
More news
Sector news : Mobile System Software
12/01DJEU Likely to Clear Microsoft-LinkedIn Deal
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
12/01DJCHECK POINT SOFTWARE TECHNOLOGIES : Malicious App Software Seizes Google Account..
11/30DJBOX : Boosts Outlook as Sales Rise 31%
More sector news : Mobile System Software
News from SeekingAlpha
11/29 Can Glu Mobile Launch Back-To-Back Winners?
11/23 TRUMP TRADES : The Microcap Resurgence Has Just Begun
11/23 4 Reasons Glu Mobile Is At An Inflection Point
11/17 Glu Mobile rolls out 'Design Home' decorating game
11/15 Glu Mobile gives inducement awards to newly acquired Crowdstar employees
Advertisement
Financials ($)
Sales 2016 203 M
EBIT 2016 -50,4 M
Net income 2016 -90,1 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 1,40x
Capi. / Sales 2017 1,31x
Capitalization 283 M
More Financials
Chart GLU MOBILE INC.
Duration : Period :
Glu Mobile Inc. Technical Analysis Chart | GLUU | US3798901068 | 4-Traders
Full-screen chart
Technical analysis trends GLU MOBILE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 2,56 $
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Nick Earl President & Chief Executive Officer
Niccolo M. de Masi Executive Chairman
Eric R. Ludwig Chief Operating & Financial Officer, Executive VP
Tim Wilson Global Chief Technology Officer
Hany M. Nada Independent Class I Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GLU MOBILE INC.-12.76%283
MICROSOFT CORPORATION8.62%460 690
ORACLE CORPORATION5.39%158 067
SAP SE5.66%100 767
ADOBE SYSTEMS INCORPOR..6.16%49 588
INTUIT INC.17.80%29 070
More Results