Glu Mobile Inc. (NASDAQ:GLUU)

LOS ANGELES , April 12, 2016 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and "quality of life" products under the NHT Global brand, today announced the Company will report its financial results for the quarter ended March 31, 2016 on Wednesday, April 27, 2016 at 9:00 a.m. Eastern Time. Chris Sharng, Natural Health Trends' President, and Scott Davidson, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the first quarter 2016 financial results on Wednesday, April 27, 2016 at 11:30 a.m. Eastern Time. The details for the conference call can be found below.

The Company estimates total revenue for the quarter ended March 31, 2016 to be $74.3 million, which represents an increase of 83% compared to $40.7 million in the first quarter of 2015. The Company also estimates that its deferred revenue at March 31, 2016 was $6.5 million, compared to $4.0 million at December 31, 2015. At March 31, 2015, deferred revenue was $10.4 million, compared to $2.7 million at December 31, 2014.

The revenue estimate is preliminary and has not yet been reviewed by the Company’s independent accountants. Significant updates and revisions may be required before the release of the Company's first quarter 2016 financial results.  In addition, the Company’s quarterly financial results will include other factors necessary to calculate additional financial metrics, including gross profit and net income.

First Quarter Results:

• Revenue: Total GAAP revenue was $16.4 million for the first quarter of 2011 compared to $17.3 million in the first quarter of 2010. Total non-GAAP revenue was $17.2 million for the first quarter of 2011 compared to $17.5 million in the first quarter of 2010. Non-GAAP revenue excludes changes in deferred revenue.
• GAAP Operating Loss: GAAP operating loss was $(2.6) million for the first quarter of 2011 compared to a $(2.7) million loss in the first quarter of 2010.
• Non-GAAP Operating Loss: Non-GAAP operating loss was $(106,000) for the first quarter of 2011 compared to a loss of $(168,000) during the first quarter of 2010. Non-GAAP operating loss excludes changes in deferred revenue and deferred royalty expense, stock-based compensation expense, amortization of intangible assets and restructuring charges.
• GAAP Loss and EPS: GAAP net loss was $(3.2) million for the first quarter of 2011 compared to a GAAP net loss of $(3.7) million for the first quarter of 2010. GAAP EPS was a loss of $(0.06) for the first quarter of 2011, based on 52.0 million weighted-average basic shares outstanding, compared to a loss of $(0.12) for the first quarter of 2010, based on 30.5 million weighted-average basic shares outstanding.
• Non-GAAP Net Loss and EPS: Non-GAAP net loss was $(0.9) million for the first quarter of 2011 compared to $(0.8) million for the first quarter of 2010. Non-GAAP EPS loss was $(0.02) for the first quarter of 2011 based on 52.0 million weighted-average diluted shares outstanding, compared to a loss of $(0.03) for the first quarter of 2010 based on 30.5 million weighted-average diluted shares outstanding.
• Cash Flows Provided by/(Used in) Operations: Cash flows used in operations were $(2.1) million for the first quarter of 2011 compared to cash flows provided by operations of $1.6 million for the first quarter of 2010.

"Our strong first quarter results highlight the successful execution of our cross-platform social gaming strategy," stated Eric R. Ludwig, Glu’s Chief Financial Officer. "Investing in our growth remains a key priority as we focus on building and leveraging our mobile gaming platform. With a strengthened balance sheet and a commitment to allocating resources to our key growth initiatives, we are well positioned to become one of the leading mobile freemium game providers in the industry."

 

• Non-GAAP revenue is expected to be between $15.0 million and $16.5 million and non-GAAP smartphone revenue is expected to be between $7.25 million and $8.25 million.
• Non-GAAP net loss is expected to be between $(1.9) million and $(3.1) million, or a net loss of $(0.04) to $(0.06) per basic share, which excludes $0.7 million for amortization of intangibles and approximately $0.6 million of anticipated stock-based compensation expense.

SAN FRANCISCO, Feb. 2, 2011 /PRNewswire/--Glu Mobile Inc. announced today that the company will develop social mobile gaming apps for Android 3.0 (Honeycomb) and other Android™ releases. Additionally, Glu is one of the first developers to implement In App Purchases (IAPs) into its Android games.  Glu is a leader in developing and publishing games on the Android platform, with more than 25 games already available for Android devices on Android Market™. 

"We are inspired by the opportunity to bring the next wave of social mobile gaming to Honeycomb tablets," said Niccolo de Masi, CEO of Glu. "With the rapid growth of Android-powered devices, Glu is well positioned to benefit from the rise of the Android gamer on a truly global basis."

Honeycomb's robust development platform has allowed Glu to achieve increasingly higher standards in social mobile gaming.Gun Bros on Honeycomb tablets takes advantage of full hardware acceleration, full OpenGL ES 2.0 3D graphics, special effects, and improved gameplay. Gun Bros on Honeycomb is the most powerful and compelling Glu gaming experience available on any mobile platform.