secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001104659-23-038482
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000110465923038482/0001104659-23-038482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000110465923038482/tm2310943d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-038482

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