Sales for Q2 2011 hit $15.2m with losses at $10m.
The revenue was down from $15.6m in Q4 2010, and the losses were up from $4.9m, indicating that Glu's strategic switch from operator downloads to social freemium is taking a while to deliver.
Glu can certainly reflect with some pleasure at the progress of its new biz, though.
Freemium revenues grew by a 948 year-on-year to $13.5m for the quarter compared to $1.3 million in Q4 2010.
"We are continuing to successfully execute our freemium social strategy with growth coming from both our popular existing titles and the successful launches of a number of new games," says CEO Niccolo de Masi.
"With integration of our two 2011 acquisitions proceeding to plan, we look forward to 2012 smartphone revenue growth with confidence.”
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Other highlights included:
* 228 per cent GAAP and 340 per cent non-GAAP quarterly smartphone revenue growth year over year
* 42 per cent non-GAAP smartphone revenue growth quarter on quarter
* Original IP expansion drove non-GAAP gross margins of 87per cent in Q4 2011
* MAU at 31.4 million and DAU at 2.9 million.
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