socialmedian: Glu generates $2.7 million in cash in q3; will launch social games... (mocoNews via TechNews AM)

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Glu generates $2.7 million in cash in q3; will launch social games... (mocoNews via TechNews AM)

Submitted by Mogston from blog

Nov 03, 2009

Summary

Glu Mobile (NSDQ: GLUU), the San Mateo, Calif.-based mobile games company, said the company continues to work on turning the business around and achieved its second consecutive quarter of generating cash. The company generated an all-time high of $2.7 million in cash during Q3, ending the period with nearly $10 million in reserves...