Glu Mobile Beats on Both Top and Bottom Lines
Glu Mobile (NAS: GLUU) filed its 10-K on March 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Glu Mobile beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP loss per share contracted.
Margins expanded across the board.
Glu Mobile recorded revenue of $20.8 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $20.2 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $15.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.11. The six earnings estimates compiled by S&P Capital IQ forecast -$0.13 per share. GAAP EPS were -$0.11 for Q4 versus -$0.16 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 90.2%, 720 basis points better than the prior-year quarter. Operating margin was -27.9%, much better than the prior-year quarter. Net margin was -33.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $18.0 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $88.8 million. The average EPS estimate is -$0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 194 members out of 225 rating the stock outperform, and 31 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Glu Mobile a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Glu Mobile is outperform, with an average price target of $3.92.
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The article Glu Mobile Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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