secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001493152-24-019909
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail Q1 net revenue $14.1M (+4% YoY); net loss narrows to $1.8M from $3.0M
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- Net revenue $14.1M vs $13.5M YoY; net loss $1.8M improved from $3.0M loss.
- Bookings $19.6M, up 47% from $13.3M, driven by ARK: Survival Ascended.
- ARK: Survival Ascended sold ~2M units since Oct 2023 launch; 121K avg DAUs in Q1.
- Unrestricted cash $16.1M as of Mar 31, 2024.
- EBITDA loss $1.9M vs $3.4M in prior year period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224019909/0001493152-24-019909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224019909/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019909

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