Stock Alert for Glu Mobile Inc. (GLUU)
  • Stock Alert for Glu Mobile Inc. (GLUU)
  • Stock Scan for the Day: GLUU
  • " />

    Stock Alert for Glu Mobile Inc. (GLUU)

    Glu Mobile (GLUU) is a global developer and publisher of social mobile games for smartphone and tablet devices. Its 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. The Company is focused on bringing the best in social, freemium, cross-platform mobile gaming experiences to the mass market. GLUU is focused on creating compelling original IP and also partners with leading entertainment brands including Activision, Atari, Caesar’s and Fox. 

    Share Statistics (23-Mar-12)   FY

    2010

    FY

    2011

    %

    Chg

    Q4

    2010

    Q4

    2011

    %

    Chg

    Symbol GLUU Revenue, $Mn 64.34 66.19 2.88% 15.64 15.17 -3.01%
    Current price $4.85 Gross marg. 66.54% 72.25% 8.58% 69.76% 72.84% 4.42%
    52wk Range: $1.80-$6.10 Oper. margin -32.08% -64.33%
    Avg Vol (3m): 1,575,690 Net margin -20.86% -31.88% 52.83% -31.65% -66.05% 108.69%
    Market Cap. 310.60M              
    Shares Outstanding 64.04M EPS, $ -0.30 -0.21 -30% -0.08 -0.16 100.00%

    Source: Reuters.com, SEC Filings.

    Investment Highlights

    Shares in GLUU advanced $0.85, or 21.25%, to close Friday trade at $4.85.  Nearly 15 million shares exchanged hands during the session, versus the 10-day average of 1.46 million. Over the last 52 weeks, the stock has ranged from a high of $6.10 to a low of $1.80.

    GLUU shares have risen 22.5% in the last five days; 20.4% in the last month; and 34.7% year-to-date.

    GLUU earlier this month announced the addition of Android APK Expansion File technology to one of its most popular casual titles, Bug Village.  As stated by the Company, the addition of APK Expansion File technology should lead to a better user experience for Android gamers through a single game download from Google Play.

    Niccolo de Masi, president and CEO of GLUU, commented that by adding Android APK Expansion File technology to Glu games on Android, the Company is eliminating the existing dual-step download process for its high production value games.” With Android APK Expansion File, users will be able to download Bug Village faster and with less friction jump right into the action.  Over the medium term we anticipate Android APK Expansion File increasing the take-up of Glu games on Google Play.”

    de Masi went on to say that the Company has worked closely with Google since the inception of the Android platform and seen non-GAAP revenues grow 10x from full year 2010 to full year 2011.

    With over 850,000 new Android devices reaching consumers every day and advancements like Android APK Expansion File technology, GLUU looks forward with confidence to continued Android revenue growth in 2012, he said.

    Source:

    http://finance.yahoo.com/news/glus-android-momentum-continues-first-133000912.html

    Financial Summary

    GLUU reported total GAAP revenue of $15.2 million for the fourth quarter of 2011, compared to $15.6 million in the fourth quarter of 2010. Total non-GAAP revenue was $20.1 million for the quarter, compared to $15.5 million in the comparable quarter of the previous year. Non-GAAP revenue excludes changes in deferred revenue. GAAP revenue for the latest reported quarter reflects a refinement in revenue recognition methodology for purchases of virtual currency and virtual goods. Deferred revenue increased from $0.8 million at the end of 2010 to $7.1 million at December 31, 2011.

    The Company reported a GAAP net loss was $10.0 million for the fourth quarter of 2011, compared to a GAAP net loss of $4.9 million for the fourth quarter of 2010. Non-GAAP net loss was $1.4 million for the fourth quarter of 2011, compared to $1.1 million for the fourth quarter of 2010.

    Source:

    http://finance.yahoo.com/news/Glu-Reports-Fourth-Quarter-bw-916691742.html?x=0

    Financial Strength (23-Mar-2011)

    Company

    Industry

    Sector

    Quick Ratio (MRQ) 1.71 1.00
    Current Ratio (MRQ) 1.93 2.03 2.74
    LT Debt to Equity (MRQ) 10.51 10.90
    Total Debt to Equity (MRQ) 0.00 14.33 20.20
    Interest Coverage (TTM) -19.91 3.78 1.19

    Source: Reuters.com, SEC Filings.

    Technical Analysis

    Source: http://stockcharts.com

    GLUU is above the upper Bollinger Band, implying that it is currently extended from its recent trend. Be aware, however, that a cross outside of the Bollinger Bands can sometimes be a signal of trend strength and not, necessarily, trend reversal.

    The MACD for GLUU currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    Mar23-2011 symbol Share, $ $ Mn 2012 2013 2012 2013
    Take-Two Interactive Software Inc. TTWO 15.81 1.42B n/a n/a n/a 1.74
    THQ Inc. THQI 0.61 41.64M n/a n/a 0.05 0.09
    Multimedia & Graphics Software Median       13.52 n/a 1.52 n/a
    Glu Mobile Inc. GLUU 4.85 310.60M n/a n/a 3.61 2.50

    Source: Thomson Financial

    DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

    The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

    Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

    Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

    Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

    We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

    To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

    Leave a Reply

    Your email address will not be published. Required fields are marked *