secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001104659-22-127331
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail Inc Q3 revenue falls 36.1% to $15.6M, net loss of $1.5M
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- Revenue $15.6M ($24.4M YoY); net loss $1.5M vs net income $3.8M YoY.
- ARK averaged 328,583 DAUs (up from 221,336 YoY), but units sold declined to 1.1M.
- IPO on Nov 9 raised ~$15M gross; concurrent stock exchange completed.
- Share repurchase program up to $5M; as of Dec 13, 1,090,877 shares bought at avg $2.98.
- EBITDA loss of $1.5M vs gain of $4.6M YoY; cash $9.0M pre-IPO proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000110465922127331/0001104659-22-127331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000110465922127331/tm2232819d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-127331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer