Glu Mobile Trims Second Quarter Loss
August 5th, 2009
Glu Mobile has announced its financial results for the second quarter ended June 30, 2009.
The mobile publisher saw revenue fall 16 per cent, from $23.7 million in the second quarter of 2008 to $19.9 million (£11.7m).
However, net loss was narrowed from $6.6 million to $1.5 million (£883,000), and the company said it had achieved positive cash flow from operations one quarter sooner than expected, generating $1.1 million (£647,363) in cash from operations during the three month period.