Snail Q4 revenue $15.3M (-35% YoY); net loss $2.3M; full-year EBITDA loss $0.7M

Snail, Inc.

Q4 revenue $15.3M, down 35% YoY; net loss $2.3M vs $9.1M loss prior year.
Full-year 2022 revenue $74.4M (-30% YoY); net income $1.0M vs $7.9M prior year.
ARK DAUs averaged 305,376 in 2022 (+19% YoY); units sold 5.5M vs 6.6M.
Unrestricted cash $12.9M at Dec 31, 2022; EBITDA loss $0.7M for full year vs gain $9.2M.
CEO expects ARK 2 product roadmap in April 2023; Ragnarok expansion on Switch released Feb 7.

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