delivering Street-beating numbers over the past three quarters it has imploded drastically 2. GLUU has bet on MOBILE, gaming on smartphones and Glu possesses the required expertise and technology to bring multiplayer gaming, and it had acquired GameSpy from IGN Entertainment last year for this purpose. 3. Glu was in the mobile gaming arena. And it has done well in this arena. The company’s games have featured regularly among the top grossing apps on the iOS and Play stores.
4. It plans to release 15 titles, and five of them would be in the current quarter. The release of sequels to famous games, such as Gun Bros 2 and Samurai vs. Zombies Defense 2 apart from a host of other titles, should help Glu reclaim its smartphone mojo this year.
5. The company has created a separate publishing division, through which it would partner with third-party developers across the globe for developing titles for different platforms, countries or languages. The publishing division will kick off 2013 with four releases, and plans to move aggressively in 2014 by hitting a run rate of one title per month.
6. Glu is that its games have presence across various operating systems. Hence, growing sales of tablet and smartphones, coupled with the company’s presence across each ecosystem should be an advantage in the long run. For instance, the company was expected to rake in two-thirds of its revenue from Apple’s (NASDAQ: AAPL) iOS store last year.
7.Gambling- Glu has also been making forays into real-money online gambling. After entering into a partnership with U.K.-based mobile gambling company Probability PLC last year, it picked up a stake in casino startup Bee Cave Games earlier this year.
8.backing of its management, as evidenced by insider buys in the past three months.
9. Glu Mobile’s non-GAAP gross margin improvement to 90% in the previous quarter from 87% in the prior-year period tells us that the company is efficiently going about its business.
Once a blue-eyed boy of the mobile gaming industry and investors alike, Glu Mobile (NASDAQ: GLUU) has seen a sharp downturn in its fortunes over the past six months. The stock has imploded drastically since hitting its 52-week high in July last year and now trades within 20% of its 52-week low. Now its a must buy for gaming as they have built their software for the future.
Couldn;t agree with you more. I especially appreciate the globalness of thought this company and CEO have presented to the gaming world. They will succeed because they have the vision that ZYNGA personnel just does not possess.