Last week, its share price rose and dropped like a pogo stick.
Indeed, the whole of April has seen strong performance with its shares up from just over $1 to peak at over $1.50 on several occasions.
Most recently, they jumped by 25 percent, ending the week at $1.48.
One reason this is interesting is if it signifies there's a takeover on the cards. Currently Glu's market cap is $46 million so it's not a particularly cheap target.
New regime
The other interesting aspect is that on Tuesday 4 May, it's about to announce its first quarter figures since new CEO and president Niccolo de Masi took over at the start of 2010.
This matters because the loss-making company is in the midst of transitioning from its old Java and Brew business to the fast-growing smartphone market of iPhone, BlackBerry, Android etc.
Most analysts seem to think there will be a revenue gap inbetween; hence the assumption that the Q1 2010 figures might not be very good.
Which is an issue as the company ended 2009 with a cash and cash equivalents balance of $10.5 million, and $4.7 million outstanding on its credit line.
During 2009, it lost $18.2 million.
Glu will announce its figures when the NASDAQ closes on 4 May, with an analysts' call starting 1.30 pm PST, and available as a webcast from its investors website.
