SmallCapReview - Small Cap Stocks To Watch - GLUU, AXTI, SGI

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Glu Mobile Inc. (Nasdaq: GLUU) $3.82. Announced Tuesday after market close financial results for its first quarter ended March 31, 2011.  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.

Total GAAP smartphone revenues of $5.9 million grew 94% quarter over quarter and comprised 36% of total GAAP revenues.

What They Do: Glu Mobile is a leading global publisher of 3D Social Mobile games for smartphone and tablet devices.

AXT, Inc. (Nasdaq: AXTI) $7.19. Announced Monday after market close financial results for the first quarter ended March 31, 2011. Revenue for the first quarter of 2011 was $24.6 million, up 31.8 percent from $18.6 million in the first quarter of 2010.

Total gallium arsenide (GaAs) substrate revenue was $15.9 million for the first quarter of 2011, compared with $18.7 million in the fourth quarter of 2010, and $13.4 million in the first quarter of 2010. Indium phosphide (InP) substrate revenue was $1.3 million for the first quarter of 2011, compared with $1.1 million in the fourth quarter of 2010, and $875,000 in the first quarter of 2010. Germanium (Ge) substrate revenue was $3.0 million for the first quarter of 2011 compared with $3.4 million in the fourth quarter of 2010 and $1.6 million in the first quarter of 2010. Raw materials sales were $4.4 million for the first quarter of 2011, compared with $3.5 million in the fourth quarter of 2010 and $2.7 million in the first quarter of 2010.

Net income in the first quarter of 2011 was $4.2 million or $0.13 per diluted share compared with net income of $4.9 million or $0.15 per diluted share in the fourth quarter of 2010, and with a net income of $2.6 million or $0.08 per diluted share in the first quarter of 2010.

What They Do: AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China.

SGI (Nasdaq: SGI) $16.48. Announced Monday after market close financial results for its third quarter of fiscal 2011. Record Q3 Revenue.  GAAP Revenue $143.7 million, up 33% Y/Y; Non-GAAP Revenue $135.8 million, up 5% Y/Y. Record Q3 Gross Margin. GAAP Gross margin 28.2%, up 137 bps Y/Y; Non-GAAP Gross Margin 29.9%, up 235 bps Y/Y.

GAAP EPS of ($0.05) compared to ($0.67) last year; Non-GAAP EPS of $0.07 compared to ($0.36) last year. Cash of $133.8M million, up 20% Q/Q. Re-affirming FY2011 guidance; Non-GAAP EPS expected between $0.40 and $0.50.

What They Do: SGI, a trusted leader in technical computing, is focused on helping customers solve their most demanding business and technology challenges.

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