Snail, Inc. Stock Price, News & Analysis

Snail, Inc. (Nasdaq: SNAL) reported financial results for Q4 and full year 2022, highlighting a decrease in revenue and bookings. For Q4 2022, revenue was $15.3 million, down 35% from $23.5 million the previous year, while bookings decreased 43% to $11.9 million. Daily active users of ARK: Survival Evolved increased to 264,911 in Q4, maintaining user engagement. However, full year revenue fell to $74.4 million, a 30% decline, largely due to decreased ARK sales. Net income for 2022 was $1 million, down from $7.9 million in 2021. Despite these challenges, the company is preparing for the upcoming ARK 2 release.

Snail, Inc. (Nasdaq: SNAL), a global developer and publisher of interactive digital entertainment, announced a service agreement with Shareholder Intelligence Services, LLC. This partnership will utilize ShareIntel's patented DRIL-Down™ process, enabling Snail to track shareholder ownership and monitor broker-dealer activities. The management plans to leverage ShareIntel's advisory services to identify and address any abusive trading practices, including illegal naked short selling. This initiative aims to protect shareholder interests and ensure compliance within the trading environment.

Snail, Inc. (Nasdaq: SNAL) has rescheduled its earnings release for the fourth quarter and full year 2022 to March 29, 2023, post U.S. market close. Management plans to hold a conference call at 5:00 p.m. ET on the same day to discuss the financial results. Investors can access the live webcast via the company’s investor relations website. Snail is recognized as a top independent developer and publisher in the interactive digital entertainment space, delivering premium games across multiple platforms, including consoles, PCs, and mobile devices.

On March 16, 2023, Snail (Nasdaq: SNAL) announced a major content update for ARK: Dinosaur Discovery, an educational game for younger players exclusively on Nintendo Switch. The update includes a full game map, new teleport abilities, creature movement improvements, and a whistle feature for summoning tamed creatures. Additionally, the game now supports Japanese and Simplified/Traditional Chinese. Snail aims to enhance the immersive experience of the ARK franchise, providing educational gaming opportunities for players worldwide. ARK: Dinosaur Discovery can be downloaded for free by ARK: Ultimate Survivor Edition owners or purchased for $9.99 on the Nintendo eShop.

Snail, a global independent developer, announced key updates for the ARK franchise on March 6, 2023. The ARK: Ultimate Survivor Edition has launched for Nintendo Switch in Japan, Hong Kong, Taiwan, and South Korea, featuring all major DLCs, providing extensive gameplay. Additionally, ARK: The Survival of the Fittest is now available on PlayStation 4 Pro, PlayStation 5, and Xbox, offering a competitive experience with up to 60 players. CEO Jim Tsai emphasized the commitment to enhancing gaming experiences and expanding global reach.

Snail, Inc. (Nasdaq: SNAL) is set to release its financial results for Q4 and the full year ending December 31, 2022, on March 22, 2023, after market close. Following the report, management will host a conference call at 5:00 p.m. ET to discuss the results. Interested parties can access the live webcast and replay through the Company’s investor relations website. Snail, a prominent developer and publisher of interactive digital entertainment, has a diverse portfolio of premium games for consoles, PCs, and mobile devices.

Snail (Nasdaq: SNAL) announces that its indie publishing label, Wandering Wizard, will showcase the Early Access games West Hunt and Expedition Agartha at PAX East 2023 in Boston from March 23 to 26, 2023. West Hunt is a social deduction game set in the Old West, while Expedition Agartha is a multiplayer survival game set on a mysterious island. The event offers an opportunity for direct engagement with fans and industry professionals, following a successful appearance at PAX West 2022, aiming to generate excitement around the new titles and enhance player interaction through hands-on gameplay experiences and giveaways.

Snail, a global developer of interactive digital entertainment, announced the launch of a new expansion map, Ragnarok, for the Nintendo Switch version of its game ARK: Survival Evolved. This expansion allows players to explore diverse biomes filled with unique gameplay opportunities and environmental traps. Originally launched on PC in 2017, Ragnarok enriches the gaming experience with its immersive ruins that enhance exploration. CEO Jim Tsai emphasized the company’s commitment to delivering captivating gaming experiences through this new addition. This expansion is expected to attract new players and increase engagement among existing users.

Snail, Inc. (Nasdaq: SNAL) reported a 36.1% decrease in revenue for Q3 2022, totaling $15.6 million, due to lower sales of ARK: Survival Evolved. The net loss was $1.5 million, contrasting with a net income of $3.8 million in Q3 2021. Bookings fell by 37.9% to $11.3 million. Despite these challenges, Snail highlighted a significant increase in daily active users for ARK, averaging 328,583 DAUs, and is focusing on launching new products, including ARK 2. The company successfully raised approximately $15 million through its IPO in November 2022.