蝸牛游戲宣布2024年第三季度財(cái)報(bào)業(yè)績(jī)

截至9月30日的三個(gè)月,

截至9月30日的九個(gè)月,

2024

2023

2024

2023

(單位：百萬(wàn)美元)

(單位：百萬(wàn)美元)

總收入

$

22.5

$

9.0

$

58.3

$

32.3

遞延收入變化

(6.4)

1.5

0.4

0.8

訂購(gòu)額

$

16.1

$

10.5

$

58.7

$

33.1

截至9月30日的三個(gè)月,

2024

2023

2024

2023

(單位：百萬(wàn)美元)

(單位：百萬(wàn)美元)

凈利潤(rùn)（虧損）

$

0.2

$

(4.4)

$

0.7

$

(11.5)

利息收入和關(guān)聯(lián)方利息收入

(0.1)

-

(0.2)

(0.1)

利息費(fèi)用和關(guān)聯(lián)方利息費(fèi)用

0.1

0.4

0.6

1.0

所得稅撥備（收益）

0.2

(1.2)

0.3

(3.0)

折舊及攤銷(xiāo)費(fèi)用

0.1

0.1

0.2

0.3

EBITDA

$

0.5

$

(5.1)

$

1.6

$

(13.3)

蝸牛游戲及其附屬公司

合并資產(chǎn)負(fù)債表

（未審計(jì)）

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

蝸牛游戲及其附屬公司

合并綜合損益表

（未審計(jì)）

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

蝸牛游戲及其附屬公司

合并現(xiàn)金流量表

（未審計(jì)）

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)

$                    -