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Snail, Inc. Class A (SNAL)
NASDAQ:SNAL
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 29, 2023
|% Change Since: 62.14%
|Next Earnings Date:Dec 15, 2022
Earnings Call Sentiment|Positive
The overall sentiment of the earnings call was positive, with significant growth in revenue and a return to profitability. The ARK franchise continues to perform well, and new game launches have been successful, although there are some concerns regarding deferred revenue and slower development timelines.Company Guidance
During the Snail Inc. third quarter 2024 earnings call, several key metrics and guidance were discussed. Net revenue for Q3 2024 was reported at $22.5 million, a significant increase from $9.0 million in the same quarter of the previous year, driven by $8.2 million in revenue from new releases such as ARK: Aberration and Part 2 of Bobs Tall Tales. The company also noted an increase in ARK sales by $5.9 million and Bellwright sales by $1.0 million. Net income improved to $0.2 million from a net loss of $4.4 million in Q3 2023. Bookings rose to $16.1 million from $10.5 million, marking a 53.6% increase. EBITDA for the quarter was $500,000, compared to a loss of $5.1 million in the prior year. Additionally, as of September 30, 2024, the company's unrestricted cash and cash equivalents stood at $10.6 million, reflecting a $3 million payment on its revolving loan and the payoff of convertible debt. The company also highlighted strategic developments, including the release of ARK: Ultimate Survivor Edition on mobile platforms and the expansion of their indie publishing label, Wandering Wizard, with new titles planned for release in Q1 2025.Significant Revenue Growth
Net revenue for Q3 2024 was $22.5 million, up from $9.0 million in Q3 2023, driven by the release of new ARK content and increased sales of existing titles.
Return to Profitability
Net income in Q3 2024 increased to $0.2 million from a net loss of $4.4 million in Q3 2023, attributed to the increase in net revenue.
Strong Performance of ARK Franchise
ARK has been played for 3.8 billion hours with an average playing time per user of 162 hours. The top 21.2% of players have spent over 100 hours in the game.
Successful Launch of Bellwright
Bellwright, a survival simulation game, sold over 380,000 units with over 78% of reviews being positive.
Increased Bookings
Bookings for Q3 2024 were $16.1 million, up from $10.5 million in Q3 2023, a 53.6% increase.
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SNAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.40 | $1.22 | -12.86% |
| Aug 13, 2024 | $0.79 | $0.73 | -7.59% |
| May 15, 2024 | $0.90 | $0.96 | +6.67% |
| Apr 01, 2024 | $1.05 | $1.05 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Snail, Inc. Class A (SNAL) report earnings?
Snail, Inc. Class A (SNAL) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Snail, Inc. Class A (SNAL) earnings time?
Snail, Inc. Class A (SNAL) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNAL EPS forecast?
SNAL EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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