“As we stated during our last earnings conference call, we expect to reach sustained profitability without access the equity capital markets or incur any debt,” said Niccolo de Masi, Glu President and CEO . “We continue to anticipate achieving an improvement in adjusted EBITDA during Q1 2013 from Q4 2012 guidance levels and with over $24 million in cash and no debt as of September 30 ^th , we have no need nor current intention to raise capital.”