加州卡尔弗城2024年11月14日 /美通社/ -- Snail, Inc. (纳斯达克股票代码: SNAL) (以下简称"蜗牛"或"公司"）是一家领先的全球独立开发商和发行商，专注于互动数字娱乐，今日宣布截至2024年9月30日的第三季度的财务业绩。
蜗牛游戏联席首席执行官Tony Tian评论道："自四月份接任蜗牛游戏联席首席执行官以来，我们在敬业团队的卓越才能和远见卓识的指引下，持续推动公司业务的转型。蜗牛游戏致力于推动互动娱乐的发展，我们对本季度旗下游戏及DLC所取得的成功感到非常高兴，包括Aberration（畸变）、Bobs Tall Tales（鲍勃的奇谈）的第二部分以及方舟系列。我们将一如既往地专注于提供超出预期的创新游戏体验，忠实于塑造我们公司非凡历程的创造性精神。"
2024年第三季度业务亮点：
2024年第三季度财务亮点：
净收入截至2024年9月30日三个月为2,250万美元，而同比截至2023年9月30日三个月为900万美元，增幅为1,350万美元或150.9%。净收入的增加主要是由于畸变和鲍勃的奇谈第二部分的发布所带来的820万美元收入，方舟系列游戏的总销售额增加了590万美元，Bellwright（颂钟长鸣）的游戏销售额增加了100万美元，Genesis II（创世纪2）和Myth of Empires（帝国神话）在一些平台上的发布所产生的收入120万美元，部分被方舟手游销售额减少的30万美元，以及与方舟：生存飞升和鲍勃的奇谈DLC尚未发布所产生的递延收入增加的260万美元所抵消。
净利润截至2024年9月30日三个月为20万美元，而同比截至2023年9月30日三个月的净亏损为440万美元。净利润的增加是由于发布新游戏带来的收入的增长。
订购额（Bookings）截至2024年9月30日三个月为1,610万美元，而同比截至2023年9月30日三个月为1,050万美元，增幅为560万美元，或53.6%。订购额的增加是由于方舟：生存飞升在2023年第四季度的强势发布，以及在2024年上半年推出的鲍勃的奇谈扩展包和新游颂钟长鸣，以及2024年9月及4月分别发布的方舟：生存飞升的畸变以及焦土DLC扩展包。
息税折旧摊销前利润（"EBITDA"）截至2024年9月30日三个月为50万美元，而同比截至2023年9月30日三个月的亏损为510万美元，增幅为560万美元，或109.7%。增加的主要原因是净利润增加了460万美元，以及所得税收益减少了140万美元，部分被利息支出减少的30万美元所抵消。
截至2024年9月30日，未受限制的现金为1,060万美元，公司已偿还截至2023年12yue 31日尚未偿还的300万美元循环贷款，230万美元应付票据和80万美元可转换票据。
非GAAP财务指标的使用
除了按照美国公认会计原则（GAAP）确定的财务结果外，蜗牛游戏认为，息税折旧摊销前利润(EBITDA)作为非GAAP指标，而订购额（Bookings）作为运营指标，有助于评估其经营业绩。订购额和EBITDA是作为补充披露的非GAAP财务指标，不应被视为净利润（亏损）的替代指标，也不应被视为衡量运营活动提供的现金流量的替代指标，两者均按照GAAP确定。蜗牛游戏补充呈现订购额和EBITDA，是为管理层用于评估财务业绩的关键运营指标。订购额调整了递延收入的影响，蜗牛游戏认为其提供了在给定时期内销售情况的有用指标。EBITDA调整了蜗牛游戏认为不反映其业务持续运营业绩的项目，例如某些非现金项目、不寻常或非经常性项目，或者期间内发生变化但对其运营业绩没有实质性关联的项目。管理层认为，订购额和EBITDA有助于投资者和分析师了解蜗牛游戏的关键经营业绩趋势，而其他指标可能因长期战略决策如资本结构、蜗牛游戏所在的税收管辖区和资本投资而产生差异。
订购额（Bookings）是指当期内以数字或实物方式销售的产品和服务的净额。订购额等于收入扣除递延的影响。以下是总净收入与订购额的调整，并是最接近GAAP的财务指标。
截至9月30日的三个月, |
截至9月30日的九个月, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(单位：百万美元) |
(单位：百万美元) |
|||||||||||||||
总收入 |
$ |
22.5 |
$ |
9.0 |
$ |
58.3 |
$ |
32.3 |
||||||||
递延收入变化 |
(6.4) |
1.5 |
0.4 |
0.8 |
||||||||||||
订购额 |
$ |
16.1 |
$ |
10.5 |
$ |
58.7 |
$ |
33.1 |
||||||||
我们将EBITDA定义为净利润（亏损），扣除以下项目：(i)利息费用，(ii)利息收入，(iii)所得税准备金（收益）和(iv)折旧及摊销费用。以下表格提供了从净利润（亏损）与EBITDA的调整：
截至9月30日的三个月, |
截至9月30日的九个月, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(单位：百万美元) |
(单位：百万美元) |
|||||||||||||||
净利润（亏损） |
$ |
0.2 |
$ |
(4.4) |
$ |
0.7 |
$ |
(11.5) |
||||||||
利息收入和关联方利息收入 |
(0.1) |
- |
(0.2) |
(0.1) |
||||||||||||
利息费用和关联方利息费用 |
0.1 |
0.4 |
0.6 |
1.0 |
||||||||||||
所得税拨备（收益） |
0.2 |
(1.2) |
0.3 |
(3.0) |
||||||||||||
折旧及摊销费用 |
0.1 |
0.1 |
0.2 |
0.3 |
||||||||||||
EBITDA |
$ |
0.5 |
$ |
(5.1) |
$ |
1.6 |
$ |
(13.3) |
||||||||
会议详情
公司将于今天美国东部时间下午4:30举办一场会议，讨论2024年第三季度财务业绩。参与者可以访问公司的投资者关系网站https://investor.snail.com/，加入会议直播和重播。
前瞻性声明
本新闻稿包含构成前瞻性声明的陈述。本新闻稿中包含的许多前瞻性声明可以通过使用"预期"、"相信"、"可能"、"预计"、"应该"、"计划"、"打算"、"预测"、"继续"、"估计"和"潜在"等前瞻性词汇或其他类似表达来识别。本新闻稿的多出出现前瞻性表述，包括但不限于，有关于蜗牛游戏的意图、信念或当前预期的声明。这些前瞻性声明包括关于蜗牛游戏的业务、财务状况、运营结果、流动性、计划和目标的可能或假设的未来结果的信息。蜗牛游戏就以下事项发表的声明属于前瞻性声明：增长前景和战略；推出新游戏和在商业上取得成功的游戏的附加功能内容；预期未来增长的重要驱动因素；其能够保留和增加其玩家群体、开发新的游戏和改善现有游戏的能力；包括来自其他休闲游戏开发商和发行商，以及大型和小型、上市和私营互联网公司在内的多个行业的公司的竞争；在控制人力成本的同时吸引和留住资质管理团队及其他团队成员的能力；与第三方平台的关系，如 Xbox Live 和 Game Pass、PlayStation Network、Steam、Epic Games Store、My Nintendo Store、Apple App Store、Google Play Store 和 Amazon Appstore；可寻址市场的规模、市场份额和市场趋势；其能够成功进入新市场和管理国际扩张的能力；保护和发展其品牌和知识产权组合；与捍卫知识产权侵权和其他索赔相关的成本；未来业务发展、运营结果和财务状况；涉及俄罗斯和乌克兰以及以色列和哈马斯的持续冲突对其业务和全球经济的影响；法院或其他政府机构的裁决；股票回购计划，包括预期回购的时间和方式；其进行并成功整合战略收购的计划；所有前述内容的基本假设。
有关可能影响蜗牛游戏财务业绩的风险、不确定性和其他因素的更多信息，请参阅蜗牛游戏不时向美国证券交易委员会（SEC）提交的文件、10-K 表年报和 10-Q 季报。您不应该依赖这些前瞻性声明，因为实际结果和成果可能会因这些风险和不确定性而与前瞻性声明中明示或暗示的结果和成果有实质性差异。本新闻稿中的所有前瞻性表述均基于管理层的信念和假设以及蜗牛游戏目前掌握的信息，蜗牛游戏没有义务更新所提供的前瞻性表述，以反映表述日期之后发生的事件或存在的情况。
关于蜗牛游戏
蜗牛是一家领先的全球独立开发商和发行商，为世界各地的消费者提供互动数字娱乐，拥有一流的优质游戏产品组合，专为在各种平台（包括游戏机、个人电脑和移动设备）上使用而设计。
联系方式
公司联系方式：
investors@snail.com
蜗牛游戏及其附属公司 |
|||
合并资产负债表 |
|||
（未审计） |
|||
September 30, 2024 |
December 31, 2023 |
||
ASSETS |
|||
Current Assets: |
|||
Cash and cash equivalents |
$ 10,566,294 |
$ 15,198,123 |
|
Accounts receivable, net of allowances for credit losses of $523,500 as of September 30, 2024 and December 31, 2023 |
6,804,338 |
25,134,808 |
|
Accounts receivable - related party |
3,035,555 |
- |
|
Loan and interest receivable - related party |
105,255 |
103,753 |
|
Prepaid expenses - related party |
4,952,002 |
6,044,404 |
|
Prepaid expenses and other current assets |
1,336,744 |
639,693 |
|
Prepaid taxes |
9,713,430 |
9,529,755 |
|
Total current assets |
36,513,618 |
56,650,536 |
|
Restricted cash and cash equivalents |
1,119,565 |
1,116,196 |
|
Accounts receivable - related party, net of current portion |
3,000,592 |
7,500,592 |
|
Prepaid expenses - related party |
8,994,630 |
7,784,062 |
|
Property, plant and equipment, net |
4,446,772 |
4,682,066 |
|
Intangible assets, net - other |
271,115 |
271,717 |
|
Deferred income taxes |
10,260,441 |
10,247,500 |
|
Other noncurrent assets |
571,711 |
164,170 |
|
Operating lease right-of-use assets, net |
1,600,520 |
2,440,690 |
|
Total assets |
$ 66,778,964 |
$ 90,857,529 |
|
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY |
|||
Current Liabilities: |
|||
Accounts payable |
$ 3,948,039 |
$ 12,102,929 |
|
Accounts payable - related parties |
15,689,072 |
23,094,436 |
|
Accrued expenses and other liabilities |
2,734,535 |
2,887,193 |
|
Interest payable - related parties |
527,770 |
527,770 |
|
Revolving loan |
3,000,000 |
6,000,000 |
|
Notes payable |
- |
2,333,333 |
|
Convertible notes, net of discount |
- |
797,361 |
|
Current portion of long-term promissory note |
2,743,378 |
2,811,923 |
|
Current portion of deferred revenue |
13,349,641 |
19,252,628 |
|
Current portion of operating lease liabilities |
1,629,835 |
1,505,034 |
|
Total current liabilities |
43,622,270 |
71,312,607 |
|
Accrued expenses |
254,731 |
254,731 |
|
Deferred revenue, net of current portion |
19,940,995 |
15,064,078 |
|
Operating lease liabilities, net of current portion |
266,397 |
1,425,494 |
|
Total liabilities |
64,084,393 |
88,056,910 |
|
Commitments and contingencies |
|||
Stockholders' Equity: |
|||
Class A common stock, $0.0001 par value, 500,000,000 shares authorized; 9,379,488 shares issued and 8,029,213 shares outstanding as of September 30, 2024, and 9,275,420 shares issued and 7,925,145 shares outstanding as of December 31, 2023 |
937 |
927 |
|
Class B common stock, $0.0001 par value, 100,000,000 shares authorized; 28,748,580 shares issued and outstanding as of September 30, 2024 and December 31, 2023 |
2,875 |
2,875 |
|
Additional paid-in capital |
25,334,672 |
26,171,575 |
|
Accumulated other comprehensive loss |
(230,857) |
(254,383) |
|
Accumulated deficit |
(13,237,356) |
(13,949,325) |
|
Treasury stock at cost (1,350,275 as of September 30, 2024 and December 31, 2023) |
(3,671,806) |
(3,671,806) |
|
Total Snail, Inc. equity |
8,198,465 |
8,299,863 |
|
Noncontrolling interests |
(5,503,894) |
(5,499,244) |
|
Total stockholders' equity |
2,694,571 |
2,800,619 |
|
Total liabilities, noncontrolling interests and stockholders' equity |
$ 66,778,964 |
$ 90,857,529 |
|
蜗牛游戏及其附属公司 |
|||||||
合并综合损益表 |
|||||||
（未审计） |
|||||||
Three months ended September 30, |
Nine months ended September 30, |
||||||
2024 |
2023 |
2024 |
2023 |
||||
Revenues, net |
$ 22,530,372 |
$ 8,981,135 |
$ 58,252,751 |
$ 32,331,876 |
|||
Cost of revenues |
13,823,944 |
9,463,086 |
39,369,816 |
29,659,788 |
|||
Gross profit (loss) |
8,706,428 |
(481,951) |
18,882,935 |
2,672,088 |
|||
Operating expenses: |
|||||||
General and administrative |
3,845,301 |
3,452,141 |
8,923,225 |
11,915,126 |
|||
Research and development |
3,885,926 |
1,317,400 |
7,523,329 |
3,892,039 |
|||
Advertising and marketing |
495,938 |
215,477 |
1,331,163 |
488,318 |
|||
Depreciation and amortization |
72,402 |
112,914 |
235,294 |
346,084 |
|||
Total operating expenses |
8,299,567 |
5,097,932 |
18,013,011 |
16,641,567 |
|||
Income (loss) from operations |
406,861 |
(5,579,883) |
869,924 |
(13,969,479) |
|||
Other income (expense): |
|||||||
Interest income |
60,675 |
47,147 |
225,227 |
98,411 |
|||
Interest income - related parties |
504 |
504 |
1,501 |
1,496 |
|||
Interest expense |
(95,997) |
(370,376) |
(634,262) |
(961,196) |
|||
Other income |
74,891 |
313,156 |
546,484 |
321,331 |
|||
Foreign currency transaction loss |
(55,835) |
(1,394) |
(32,055) |
(25,606) |
|||
Total other income (expense), net |
(15,762) |
(10,963) |
106,895 |
(565,564) |
|||
Income (loss) before provision for (benefit from) income taxes |
391,099 |
(5,590,846) |
976,819 |
(14,535,043) |
|||
Provision for (benefit from) income taxes |
157,938 |
(1,156,675) |
269,501 |
(3,044,380) |
|||
Net income (loss) |
233,161 |
(4,434,171) |
707,318 |
(11,490,663) |
|||
Net loss attributable to non-controlling interests |
(1,986) |
(1,539) |
(4,650) |
(7,222) |
|||
Net income (loss) attributable to Snail, Inc. |
$ 235,147 |
$ (4,432,632) |
$ 711,968 |
$ (11,483,441) |
|||
Comprehensive income (loss) statement: |
|||||||
Net income (loss) |
$ 233,161 |
$ (4,434,171) |
$ 707,318 |
$ (11,490,663) |
|||
Other comprehensive income (loss) related to currency translation adjustments, net of tax |
52,116 |
(1,512) |
23,526 |
19,515 |
|||
Total comprehensive income (loss) |
$ 285,277 |
$ (4,435,683) |
$ 730,844 |
$ (11,471,148) |
|||
Net income (loss) attributable to Class A common stockholders: |
|||||||
Basic |
$ 51,312 |
$ (955,763) |
$ 154,972 |
$ (2,477,768) |
|||
Diluted |
$ 51,312 |
$ (955,763) |
$ 127,440 |
$ (2,477,768) |
|||
Net income (loss) attributable to Class B common stockholders: |
|||||||
Basic |
$ 183,835 |
$ (3,476,869) |
$ 556,996 |
$ (9,005,673) |
|||
Diluted |
$ 183,835 |
$ (3,476,869) |
$ 458,041 |
$ (9,005,673) |
|||
Net income (loss) per share attributable to Class A and B common stockholders: |
|||||||
Basic |
$ 0.01 |
$ (0.12) |
$ 0.02 |
$ (0.31) |
|||
Diluted |
$ 0.01 |
$ (0.12) |
$ 0.02 |
$ (0.31) |
|||
Weighted-average shares used to compute income (loss) per share attributable to Class A common stockholders: |
|||||||
Basic |
8,024,369 |
7,901,145 |
7,998,686 |
7,909,715 |
|||
Diluted |
8,024,369 |
7,901,145 |
8,148,133 |
7,909,715 |
|||
Weighted-average shares used to compute income (loss) per share attributable to Class B common stockholders: |
|||||||
Basic |
28,748,580 |
28,748,580 |
28,748,580 |
28,748,580 |
|||
Diluted |
28,748,580 |
28,748,580 |
28,748,580 |
28,748,580 |
|||
蜗牛游戏及其附属公司 |
|||
合并现金流量表 |
|||
（未审计） |
|||
For the nine months ended September 30, |
2024 |
2023 |
|
Cash flows from operating activities: |
|||
Net income (loss) |
$ 707,318 |
$ (11,490,663) |
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|||
Amortization - intangible assets - license, related parties |
- |
1,253,623 |
|
Amortization - intangible assets - other |
603 |
603 |
|
Amortization - loan origination fees and debt discounts |
60,242 |
142,656 |
|
Accretion - convertible notes |
222,628 |
- |
|
Depreciation and amortization - property and equipment |
235,294 |
346,084 |
|
Stock-based compensation expense (income) |
(896,893) |
622,007 |
|
Interest income from restricted escrow deposit |
- |
(33,935) |
|
Deferred taxes, net |
(12,884) |
(3,058,738) |
|
Changes in assets and liabilities: |
|||
Accounts receivable |
18,330,470 |
2,674,655 |
|
Accounts receivable - related party |
1,464,445 |
(255,045) |
|
Prepaid expenses - related party |
(118,167) |
(2,500,000) |
|
Prepaid expenses and other current assets |
(697,051) |
156,450 |
|
Prepaid taxes |
(183,675) |
- |
|
Other noncurrent assets |
(407,441) |
(2,903) |
|
Accounts payable |
(7,891,975) |
846,553 |
|
Accounts payable - related parties |
(7,405,363) |
(248,391) |
|
Accrued expenses and other liabilities |
(152,658) |
134,131 |
|
Interest receivable - related party |
(1,501) |
(1,496) |
|
Lease liabilities |
(194,125) |
(148,233) |
|
Deferred revenue |
(1,026,070) |
767,883 |
|
Net cash provided by (used in) operating activities |
2,033,197 |
(10,794,759) |
|
Cash flows from financing activities: |
|||
Repayments on promissory note |
(68,545) |
(59,589) |
|
Repayments on notes payable |
(2,333,333) |
(3,750,000) |
|
Repayments on convertible notes |
(1,020,000) |
- |
|
Repayments on revolving loan |
(3,000,000) |
(3,000,000) |
|
Borrowings on notes payable |
- |
2,275,000 |
|
Proceeds from issuance of convertible notes |
- |
847,500 |
|
Refund of dividend withholding tax overpayment |
- |
1,886,600 |
|
Purchase of treasury stock |
- |
(257,093) |
|
Payments of capitalized offering costs |
- |
(342,318) |
|
Payments of offering costs in accounts payable |
(262,914) |
- |
|
Net cash used in financing activities |
(6,684,792) |
(2,399,900) |
|
Effect of currency translation on cash and cash equivalents |
23,135 |
20,390 |
|
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents |
(4,628,460) |
(13,174,269) |
|
Cash and cash equivalents, and restricted cash and cash equivalents - beginning of period |
16,314,319 |
19,238,185 |
|
Cash and cash equivalents, and restricted cash and cash equivalents – end of period |
$ 11,685,859 |
$ 6,063,916 |
|
Supplemental disclosures of cash flow information |
|||
Cash paid during the period for: |
|||
Interest |
$ 421,986 |
$ 725,885 |
|
Income taxes |
$ 401,671 |
$ 504,581 |
|
Noncash transactions during the period for: |
|||
Issuance of warrants in connection with equity line of credit |
$ - |
$ (105,411) |
|
Debt converted to equity |
$ (60,000) |
$ - |
|
Right-of-use assets obtained in exchange for a lease liability |
$ (85,588) |
$ - |
|
