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Glu Mobile (GLUU) now -2.8% AH in response to the light guidance accompanying its Q4 beat - a...
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Tuesday, February 5, 4:40 PM ETGlu Mobile (GLUU) now -2.8% AH in response to the light guidance accompanying its Q4 beat - a huge 2H12 selloff is limiting the damage. Glu blames its Q1 forecast on "seasonality and further delays in title launches." The game developer, which ended 2012 with $22.3M in cash/equivalents, expects to end 2013 with $14M, and insists it won't need to raise fresh capital. Sales/marketing expenses +57% Y/Y to $6.3M (30% of revenue). CC underway (webcast). (PR)
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