secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001493152-24-045108
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail reports Q3 revenue $22.5M (+151% YoY); net income $0.2M vs loss $4.4M
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- Net revenue $22.5M, up 150.9% YoY; net income $0.2M vs net loss $4.4M in Q3 2023.
- Bookings $16.1M (+53.6% YoY); EBITDA $0.5M vs loss $5.1M a year ago.
- Unrestricted cash $10.6M; repaid $3M revolver, $2.3M notes, and $0.8M convertible debt since Dec 2023.
- Sold 0.4M units of ARK: Survival Ascended in Q3; combined ARK DAU avg 210k on Steam/Epic.
- Acquired publishing rights for Honeycomb: The World Beyond and four indie games via Wandering Wizard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224045108/0001493152-24-045108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224045108/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045108

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