Glu Mobile's Net Loss Narrows as Smartphone Revenues Rise by 58% in Challenging Second Quarter
Glu Mobile, which is nearing the end of a major shift from feature phone to smartphone revenue, narrowed its second quarter net loss by 46 percent to $1.75 million from a year earlier.
It however anticipates bigger losses during this quarter, with guidance for between a $7.4 and $8.2 million net loss. That’s more than four times the net loss it saw in the same quarter a year earlier. Shares in after-hours trading are down by 1.5% to $4.53.
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