Perhaps adjusted and non-gaap numbers, also called bogus numbers, are not good enough these days.
Too bad we are not in 2000 anymore. Though some investors here are ready to wait few more years to see GLUU moving out of its losses.
All big firms are betting their money not in game makers, but in ads and devices.
If GLUU and ZNGA had any attraction to big firms they would have been bought already.
From $28M to $24 then to $21M at the end of the year as per the statement.
Then another round of secondary offering to replenish the cash and dilute the stock some more.
You spread some "adjusted" numbers, with non-GAAP numbers, then you write that you are among the leaders in the sector with barely and hopefully $90M in total revenue at the end of 2012, after you had $89M total revenue 4 years ago.
I am still laughing.
IPO in 2007 at $11.50 with a market cap of $327M.
5 years later, 2012, GLUU at barely $4.50 with a market cap of around $300M, meaning they diluted the stock all along because they burn money.
Promising for 5 years to become the major player on mobile, only to be a loser in mobile.
Get real, GLUU is a joke, time to start laughing not investing.
In the world of high tech it doesn't take four years for big firms to grab a micro-cap with great potential.
GLUU has been known for a while, still, it is linguishing in its outhouse because it doesn't have what big firms want.
All big firms like GOOGLE know that ads are what is the most lucrative part of the business, not little games produced at a high cost.
Amazon has always increased their revenue, many times at the expense of their earnings, like nowadays.
With smartphones selling by millions for years and still more, and with games all over the place, GLUU has seen their revenue going down three years in a row.
Any investor with a brain knows that without higher revenue a company is doomed to fail.
When a company sees its revenue going from $89M to $66M in three years, with an increase of number of shares, and losses always high, it's not a growth company you buy, it's an oppossum with rabbies that you own.
It reminds me of the dot com bubble when clicks per month was used to pump companies with dismal fundamentals.
The very strange thing is when you compare ZNGA and GLUU.
GLUU is worse than ZNGA, it has seen their already paltry revenue going lower every years in the last four years, with of course only losses with it. Still, there are a bunch of fund managers that can't stop loading on the crap, hoping that a bigger company will grab the trash for a big price.
Irrational at best.
The venture funds knew that the money had to be pocketed before the fad would start to fade away, they have learned their lesson with the dot com more than once.
of the high tech for the summer.
When it will plunge after the earnings, the rest will follow. All the high tech sector needs is another catalyst on the downside. FB will provide it.