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Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment, offering a premier portfolio of premium games for consoles, PCs, and mobile devices. Headquartered in Culver City, California, Snail has a significant presence in both the United States and international markets, with the majority of its revenue originating from the U.S.
Recently, Snail announced a slew of updates and new developments, showcasing its commitment to delivering rich and engaging gaming experiences. On April 3, 2024, the company released major new content for ARK: Survival Ascended, including the Scorched Earth Expansion Map and Bob's Tall Tales DLC. These updates aim to enhance the game’s universe and engage a broader audience. Starting April 1, 2024, ARK: Survival Ascended also became available on Microsoft's Game Pass, extending its reach to a wider player base.
In addition to ARK, Snail’s highly anticipated title Bellwright launched into Early Access on Steam on April 23, 2024. This city builder, RPG, and survival strategy game promises an immersive experience, allowing players to lead a revolution in a dynamic world filled with intricate storytelling.
The company reported its first quarter financial results for the period ending March 31, 2024, on May 15, 2024. Net revenues increased to $14.1 million, and the net loss was reduced to $1.8 million compared to the previous year. This improvement was driven by increased ARK sales and better cost management.
Further bolstering its offering, on May 23, 2024, Snail became the first to introduce premium UE5-generated mods for consoles with ARK: Survival Ascended. This update supports professional modders, offering a new revenue-sharing model, and enhances the gaming experience for players.
On June 5, 2024, Snail announced a significant update for ARK: Survival Ascended, introducing “The Center” map, which doubles the size of a standard ARK island, featuring diverse biomes and new challenges. This expansion includes the Shastasaurus and the Pyromane, priced at $4.99, enriching the gameplay with new creatures and adventures.
Snail, Inc. continues to innovate, providing interactive entertainment to a global audience, with a strong pipeline of projects, partnerships, and a commitment to delivering value to its shareholders and stakeholders.
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.
Snail, Inc. (Nasdaq: SNAL) will report its third-quarter financial results for the 2022 fiscal year on December 15, 2022. The announcement will occur after U.S. market close, followed by a conference call at 5:00 p.m. ET. Investors can access the earnings call via a webcast on the company’s investor relations website or by dialing the provided phone numbers.
As an independent global developer and publisher, Snail focuses on creating premium digital entertainment content across various platforms, including consoles, PCs, and mobile devices.
Snail, Inc. (NASDAQ: SNAL) announced a share repurchase program authorized by its Board of Directors to buy back up to $5 million of its Class A common stock. This program will commence once Snail initiates the buyback, with no fixed expiration date. Repurchases will occur through various methods including open market transactions and block trades, subject to market conditions and liquidity requirements. This move aims to enhance shareholder value amidst ongoing compliance with Nasdaq listing rules.
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