Updated: Earnings: Glu Mobile Reports Higher Losses, Higher Revenues


Mobile games firm Glu Mobile (NSDQ: GLUU) announced first quarter revenue of $20.6 million, up from $15.7 million compared to the same period a year ago. They also reported a GAAP net loss of $6 million, or $0.21 per share, compared to a GAAP net loss of $764,000, or $0.12 per share year on year, which the company attributed in large part to the completion of their MIG and Superscape acquisitions. Glu CEO and President Greg Ballard said the [slightly] better than expected revenues had been boosted by strong sales in the US and China, as well as a

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