secwatch.observer — SEC 8-K summary
======================================

Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028686
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315223028686/0001493152-23-028686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315223028686/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028686

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