secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001493152-23-041360
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail reports Q3 revenue $9.0M (down 42% YoY) and net loss $4.4M; ARK Ascended debut sold 600k+ units
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- Revenue $9.0M, down 42% YoY from $15.6M; net loss widens to $4.4M from $1.5M.
- ARK: Survival Ascended launched Oct 25; sold 336k units in first 24 hours and over 600k total as of Nov 14.
- ARK: Survival Evolved DAUs fell to 231k from 340k YoY, but units sold increased to 1.2M from 1.1M.
- Unrestricted cash $4.9M at Sep 30, down from $12.9M at Dec 31, 2022.
- EBITDA loss $5.1M vs $1.5M loss in prior-year quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315223041360/0001493152-23-041360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315223041360/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041360

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