secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031603
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail reports Q2 revenue $21.6M, net income $2.3M vs loss a year ago
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- Net revenue $21.6M, up 118% from $9.9M YoY, driven by ARK: Survival Ascended sales.
- Net income $2.3M compared to net loss of $4.1M in Q2 2023; EBITDA $3.1M vs loss $4.8M.
- Bookings of $22.9M, more than double prior year's $9.3M, boosted by new releases and DLCs.
- ARK: Survival Ascended sold ~2.5M units since launch; averaged 108,515 DAUs in Q2.
- Unrestricted cash $15.5M as of June 30, 2024; company launched Bellwright and Bob's Tall Tales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224031603/0001493152-24-031603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224031603/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031603

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