---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028686"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:56:42.014150+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Snail Q2 2023 revenue $9.9M (-36% YoY); net loss widens to $4.1M

## Summary
- Revenue $9.9M, down 36% YoY from $15.5M; ARK sales decreased $5.3M.
- Net loss $4.1M compared to $1.0M loss in prior year period.
- ARK: Survival Evolved DAUs averaged 240,522, down from 359,077; units sold 0.9M vs 1.6M.
- Unrestricted cash $3.0M as of June 30, 2023, down from $12.9M at Dec 31, 2022.
- ARK: Survival Ascended release delayed to October 2023; passed QC and beta testing.

## SEC filing metadata
- accession: 0001493152-23-028686
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315223028686/0001493152-23-028686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315223028686/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028686
- JSON: https://secwatch.observer/filing/0001493152-23-028686.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028686.txt

## Key facts
- Earnings Releases
  Snail, Inc. reported the three months ended June 30, 2023 results: revenue $9.9 million, net income $4.1 million.
  - Period: the three months ended June 30, 2023
  - Revenue: $9.9 million
  - Net income: $4.1 million
  - Result: reported results
  source text: to bring our fans a remastered ARK game with loads of new content and world to explore.” Second Quarter 2023 and Subsequent Financial and Business Highlights ● Revenue was $9.9 million for the three months ended June 30, 2023, compared to revenue of $15.5 million in the prior year period, representing a decrease of $5.6 million year over year. The decrease in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315223028686/0001493152-23-028686-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.