加州卡爾弗城2024年11月14日 /美通社/ -- Snail, Inc. (納斯達克股票代碼: SNAL) (以下簡稱"蝸牛"或"公司"）是一家領先的全球獨立開發(fā)商和發(fā)行商，專注于互動數(shù)字娛樂，今日宣布截至2024年9月30日的第三季度的財務業(yè)績。
蝸牛游戲聯(lián)席首席執(zhí)行官Tony Tian評論道："自四月份接任蝸牛游戲聯(lián)席首席執(zhí)行官以來，我們在敬業(yè)團隊的卓越才能和遠見卓識的指引下，持續(xù)推動公司業(yè)務的轉型。蝸牛游戲致力于推動互動娛樂的發(fā)展，我們對本季度旗下游戲及DLC所取得的成功感到非常高興，包括Aberration（畸變）、Bobs Tall Tales（鮑勃的奇談）的第二部分以及方舟系列。我們將一如既往地專注于提供超出預期的創(chuàng)新游戲體驗，忠實于塑造我們公司非凡歷程的創(chuàng)造性精神。"
2024年第三季度業(yè)務亮點：
2024年第三季度財務亮點：
凈收入截至2024年9月30日三個月為2,250萬美元，而同比截至2023年9月30日三個月為900萬美元，增幅為1,350萬美元或150.9%。凈收入的增加主要是由于畸變和鮑勃的奇談第二部分的發(fā)布所帶來的820萬美元收入，方舟系列游戲的總銷售額增加了590萬美元，Bellwright（頌鐘長鳴）的游戲銷售額增加了100萬美元，Genesis II（創(chuàng)世紀2）和Myth of Empires（帝國神話）在一些平臺上的發(fā)布所產生的收入120萬美元，部分被方舟手游銷售額減少的30萬美元，以及與方舟：生存飛升和鮑勃的奇談DLC尚未發(fā)布所產生的遞延收入增加的260萬美元所抵消。
凈利潤截至2024年9月30日三個月為20萬美元，而同比截至2023年9月30日三個月的凈虧損為440萬美元。凈利潤的增加是由于發(fā)布新游戲帶來的收入的增長。
訂購額（Bookings）截至2024年9月30日三個月為1,610萬美元，而同比截至2023年9月30日三個月為1,050萬美元，增幅為560萬美元，或53.6%。訂購額的增加是由于方舟：生存飛升在2023年第四季度的強勢發(fā)布，以及在2024年上半年推出的鮑勃的奇談擴展包和新游頌鐘長鳴，以及2024年9月及4月分別發(fā)布的方舟：生存飛升的畸變以及焦土DLC擴展包。
息稅折舊攤銷前利潤（"EBITDA"）截至2024年9月30日三個月為50萬美元，而同比截至2023年9月30日三個月的虧損為510萬美元，增幅為560萬美元，或109.7%。增加的主要原因是凈利潤增加了460萬美元，以及所得稅收益減少了140萬美元，部分被利息支出減少的30萬美元所抵消。
截至2024年9月30日，未受限制的現(xiàn)金為1,060萬美元，公司已償還截至2023年12yue 31日尚未償還的300萬美元循環(huán)貸款，230萬美元應付票據(jù)和80萬美元可轉換票據(jù)。
非GAAP財務指標的使用
除了按照美國公認會計原則（GAAP）確定的財務結果外，蝸牛游戲認為，息稅折舊攤銷前利潤(EBITDA)作為非GAAP指標，而訂購額（Bookings）作為運營指標，有助于評估其經營業(yè)績。訂購額和EBITDA是作為補充披露的非GAAP財務指標，不應被視為凈利潤（虧損）的替代指標，也不應被視為衡量運營活動提供的現(xiàn)金流量的替代指標，兩者均按照GAAP確定。蝸牛游戲補充呈現(xiàn)訂購額和EBITDA，是為管理層用于評估財務業(yè)績的關鍵運營指標。訂購額調整了遞延收入的影響，蝸牛游戲認為其提供了在給定時期內銷售情況的有用指標。EBITDA調整了蝸牛游戲認為不反映其業(yè)務持續(xù)運營業(yè)績的項目，例如某些非現(xiàn)金項目、不尋?；蚍墙洺Ｐ皂椖?，或者期間內發(fā)生變化但對其運營業(yè)績沒有實質性關聯(lián)的項目。管理層認為，訂購額和EBITDA有助于投資者和分析師了解蝸牛游戲的關鍵經營業(yè)績趨勢，而其他指標可能因長期戰(zhàn)略決策如資本結構、蝸牛游戲所在的稅收管轄區(qū)和資本投資而產生差異。
訂購額（Bookings）是指當期內以數(shù)字或實物方式銷售的產品和服務的凈額。訂購額等于收入扣除遞延的影響。以下是總凈收入與訂購額的調整，并是最接近GAAP的財務指標。
截至9月30日的三個月, |
截至9月30日的九個月, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(單位：百萬美元) |
(單位：百萬美元) |
|||||||||||||||
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 |
||||||||||||
訂購額 |
$ |
16.1 |
$ |
10.5 |
$ |
58.7 |
$ |
33.1 |
||||||||
我們將EBITDA定義為凈利潤（虧損），扣除以下項目：(i)利息費用，(ii)利息收入，(iii)所得稅準備金（收益）和(iv)折舊及攤銷費用。以下表格提供了從凈利潤（虧損）與EBITDA的調整：
截至9月30日的三個月, |
截至9月30日的九個月, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(單位：百萬美元) |
(單位：百萬美元) |
|||||||||||||||
凈利潤（虧損） |
$ |
0.2 |
$ |
(4.4) |
$ |
0.7 |
$ |
(11.5) |
||||||||
利息收入和關聯(lián)方利息收入 |
(0.1) |
- |
(0.2) |
(0.1) |
||||||||||||
利息費用和關聯(lián)方利息費用 |
0.1 |
0.4 |
0.6 |
1.0 |
||||||||||||
所得稅撥備（收益） |
0.2 |
(1.2) |
0.3 |
(3.0) |
||||||||||||
折舊及攤銷費用 |
0.1 |
0.1 |
0.2 |
0.3 |
||||||||||||
EBITDA |
$ |
0.5 |
$ |
(5.1) |
$ |
1.6 |
$ |
(13.3) |
||||||||
會議詳情
公司將于今天美國東部時間下午4:30舉辦一場會議，討論2024年第三季度財務業(yè)績。參與者可以訪問公司的投資者關系網站https://investor.snail.com/，加入會議直播和重播。
前瞻性聲明
本新聞稿包含構成前瞻性聲明的陳述。本新聞稿中包含的許多前瞻性聲明可以通過使用"預期"、"相信"、"可能"、"預計"、"應該"、"計劃"、"打算"、"預測"、"繼續(xù)"、"估計"和"潛在"等前瞻性詞匯或其他類似表達來識別。本新聞稿的多出出現(xiàn)前瞻性表述，包括但不限于，有關于蝸牛游戲的意圖、信念或當前預期的聲明。這些前瞻性聲明包括關于蝸牛游戲的業(yè)務、財務狀況、運營結果、流動性、計劃和目標的可能或假設的未來結果的信息。蝸牛游戲就以下事項發(fā)表的聲明屬于前瞻性聲明：增長前景和戰(zhàn)略；推出新游戲和在商業(yè)上取得成功的游戲的附加功能內容；預期未來增長的重要驅動因素；其能夠保留和增加其玩家群體、開發(fā)新的游戲和改善現(xiàn)有游戲的能力；包括來自其他休閑游戲開發(fā)商和發(fā)行商，以及大型和小型、上市和私營互聯(lián)網公司在內的多個行業(yè)的公司的競爭；在控制人力成本的同時吸引和留住資質管理團隊及其他團隊成員的能力；與第三方平臺的關系，如 Xbox Live 和 Game Pass、PlayStation Network、Steam、Epic Games Store、My Nintendo Store、Apple App Store、Google Play Store 和 Amazon Appstore；可尋址市場的規(guī)模、市場份額和市場趨勢；其能夠成功進入新市場和管理國際擴張的能力；保護和發(fā)展其品牌和知識產權組合；與捍衛(wèi)知識產權侵權和其他索賠相關的成本；未來業(yè)務發(fā)展、運營結果和財務狀況；涉及俄羅斯和烏克蘭以及以色列和哈馬斯的持續(xù)沖突對其業(yè)務和全球經濟的影響；法院或其他政府機構的裁決；股票回購計劃，包括預期回購的時間和方式；其進行并成功整合戰(zhàn)略收購的計劃；所有前述內容的基本假設。
有關可能影響蝸牛游戲財務業(yè)績的風險、不確定性和其他因素的更多信息，請參閱蝸牛游戲不時向美國證券交易委員會（SEC）提交的文件、10-K 表年報和 10-Q 季報。您不應該依賴這些前瞻性聲明，因為實際結果和成果可能會因這些風險和不確定性而與前瞻性聲明中明示或暗示的結果和成果有實質性差異。本新聞稿中的所有前瞻性表述均基于管理層的信念和假設以及蝸牛游戲目前掌握的信息，蝸牛游戲沒有義務更新所提供的前瞻性表述，以反映表述日期之后發(fā)生的事件或存在的情況。
關于蝸牛游戲
蝸牛是一家領先的全球獨立開發(fā)商和發(fā)行商，為世界各地的消費者提供互動數(shù)字娛樂，擁有一流的優(yōu)質游戲產品組合，專為在各種平臺（包括游戲機、個人電腦和移動設備）上使用而設計。
聯(lián)系方式
公司聯(lián)系方式：
investors@snail.com
蝸牛游戲及其附屬公司 |
|||
合并資產負債表 |
|||
（未審計） |
|||
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） |
|||||||
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） |
|||
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) |
$ - |
|
