Glu Mobile Sees FY 2012 Non-Gaap Revenue of $94.4-$96.4M vs $92.58M Est

Glu GLUU is providing the following preliminary updated guidance for the second half and full year 2012: Non-GAAP smartphone revenue for the full year is expected to be between $81.9 million and $83.9 million. This is above company's previous guidance of $76.5 million to $81.5 million. Total non-GAAP revenue for the full year is expected to be between $94.4 million and $96.4 million. This is above the company's previous guidance of $86.7 million to $91.7 million. Adjusted EBITDA profitability for the second half of 2012 with an expected loss in Q3 and a strong Q4. Full year Adjusted EBITDA better than break even. December 31, 2012 cash balance greater than $21.0 million and no debt.