蝸牛游戲宣布2024年第一季度財(cái)報(bào)業(yè)績(jī)

截至3月31日的三個(gè)月

2024

2023

(單位：百萬(wàn)美元)

總收入

$                       14.1

$                       13.5

遞延收入變化

5.5

(0.2)

訂購(gòu)額

$                       19.6

$                       13.3

截至3月31日的三個(gè)月

2024

2023

(單位：百萬(wàn)美元)

凈虧損

$                       (1.8)

$                       (3.0)

利息收入和關(guān)聯(lián)方利息收入

(0.1)

-

利息費(fèi)用和關(guān)聯(lián)方利息費(fèi)用

0.4

0.3

所得稅收益

(0.5)

(0.8)

財(cái)產(chǎn)和設(shè)備折舊及攤銷費(fèi)用

0.1

0.1

EBITDA 

$                       (1.9)

$                       (3.4)

蝸牛游戲及其附屬公司

合并資產(chǎn)負(fù)債表

（未審計(jì)）

March 31, 2024

December 31, 2023

ASSETS

Current Assets:

Cash and cash equivalents

$           16,068,729

$           15,198,123

Accounts receivable, net of allowances for credit losses of $523,500 as of March 31, 2024 and December 31, 2023

7,375,179

25,134,808

Accounts receivable - related party

2,585,213

-

Loan and interest receivable - related party

104,252

103,753

Prepaid expenses - related party

4,337,556

6,044,404

Prepaid expenses and other current assets

2,419,201

639,693

Prepaid taxes

9,459,348

9,529,755

Total current assets

42,349,478

56,650,536

Restricted cash and cash equivalents

1,117,310

1,116,196

Accounts receivable - related party, net of current portion

6,000,592

7,500,592

Prepaid expenses - related party

10,842,748

7,784,062

Property, plant and equipment, net

4,599,728

4,682,066

Intangible assets, net - other

271,517

271,717

Deferred income taxes

10,803,281

10,247,500

Other noncurrent assets

169,047

164,170

Operating lease right-of-use assets, net

2,138,285

2,440,690

Total assets

$           78,291,986

$           90,857,529

LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts payable

$             9,901,360

$           12,102,929

Accounts payable - related parties

16,951,062

23,094,436

Accrued expenses and other liabilities

2,425,882

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

702,284

797,361

Current portion of long-term promissory note

2,791,438

2,811,923

Current portion of deferred revenue

21,937,421

19,252,628

Current portion of operating lease liabilities

1,540,086

1,505,034

Total current liabilities

59,777,303

71,312,607

Accrued expenses

254,731

254,731

Deferred revenue, net of current portion

17,102,747

15,064,078

Operating lease liabilities, net of current portion

1,023,216

1,425,494

Total liabilities

78,157,997

88,056,910

Commitments and contingencies

Stockholders' Equity:

Class A common stock, $0.0001 par value, 500,000,000 shares authorized; 9,357,749 shares issued and 8,007,474

shares outstanding as of March 31, 2024, and 9,275,420 shares issued and 7,925,145 shares outstanding as of

December 31, 2023

935

927

Class B common stock, $0.0001 par value, 100,000,000 shares authorized; 28,748,580 shares issued and

outstanding as of March 31, 2024, and December 31, 2023

2,875

2,875

Additional paid-in capital

25,304,692

26,171,575

Accumulated other comprehensive loss

(273,680)

(254,383)

Accumulated deficit

(15,728,654)

(13,949,325)

Treasury stock at cost (1,350,275 as of March 31, 2024 and December 31, 2023)

(3,671,806)

(3,671,806)

Total Snail, Inc. equity

5,634,362

8,299,863

Noncontrolling interests

(5,500,373)

(5,499,244)

Total stockholders' equity

133,989

2,800,619

Total liabilities, noncontrolling interests and stockholders' equity

$           78,291,986

$           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 March 31,

2024

2023

Revenues, net

$           14,115,729

$           13,458,488

Cost of revenues

12,041,698

10,860,937

Gross profit

2,074,031

2,597,551

Operating expenses:

General and administrative

2,282,040

4,525,751

Research and development 

1,776,522

1,373,797

Advertising and marketing

141,030

104,549

Depreciation and amortization 

82,338

115,060

Total operating expenses

4,281,930

6,119,157

Loss from operations

(2,207,899)

(3,521,606)

Other income (expense):

Interest income

99,762

31,473

Interest income - related parties

499

493

Interest expense

(395,964)

(294,583)

Other income

227,066

8,175

Foreign currency transaction loss

18,128

(2,367)

Total other income (expense), net

(50,509)

(256,809)

Loss before benefit from income taxes

(2,258,408)

(3,778,415)

Benefit from income taxes

(477,950)

(805,818)

Net loss

(1,780,458)

(2,972,597)

Net loss attributable to non-controlling interests

(1,129)

(1,219)

Net loss attributable to Snail, Inc.

$           (1,779,329)

$           (2,971,378)

Comprehensive loss statement:

Net loss

$           (1,780,458)

$           (2,972,597)

Other comprehensive income (loss) related to currency translation adjustments, net of tax

(19,297)

2,320

Total comprehensive loss

$         (1,799,755)

$         (2,970,277)

Net loss attributable to Class A common stockholders:

Basic

$            (385,722)

$            (642,340)

Diluted

$            (385,722)

$            (642,340)

Net loss attributable to Class B common stockholders:

Basic

$         (1,393,607)

$         (2,329,038)

Diluted

$         (1,393,607)

$         (2,329,038)

Loss per share attributable to Class A and B common stockholders:

Basic

$                  (0.05)

$                  (0.08)

Diluted

$                  (0.05)

$                  (0.08)

Weighted-average shares used to compute loss per share attributable to Class A common stockholders:

Basic

7,957,031

7,928,742

Diluted

7,957,031

7,928,742

Weighted-average shares used to compute loss per share attributable to Class B common stockholders:

Basic

28,748,580

28,748,580

Diluted

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)）

2024

2023

Cash flows from operating activities:

Net loss

$           (1,780,458)

$           (2,972,597)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Amortization - intangible assets - license, related parties

-

695,652

Amortization - intangible assets - other

200

201

Amortization - loan origination fees and debt discounts

47,729

8,911

Accretion - convertible notes

181,754

-

Depreciation and amortization - property and equipment

82,338

115,060

Stock-based compensation expense

(926,875)

152,595

Interest income from restricted escrow deposit

-

(9,874)

Deferred taxes, net

(555,781)

-

Changes in assets and liabilities:

Accounts receivable

17,759,629

(230,885)

Accounts receivable - related party

(1,085,213)

47,744

Prepaid expenses - related party

(1,351,838)

(2,500,000)

Prepaid expenses and other current assets

(1,779,508)

(632,240)

Prepaid taxes

70,407

-

Accounts payable

(1,938,654)

(1,248,355)

Accounts payable - related parties

(6,143,374)

(377,476)

Accrued expenses and other liabilities

(461,311)

443,528

Interest receivable - related party

(499)

(493)

Lease liabilities

(64,821)

(49,411)

Deferred revenue

4,723,462

(151,130)

Net cash provided by (used in) operating activities

6,777,187

(6,708,770)

Cash flows from financing activities:

Repayments on promissory note

(20,484)

(26,503)

Repayments on notes payable

(2,333,333)

(1,666,667)

Repayments on convertible notes

(269,550)

-

Repayments on revolving loan

(3,000,000)

-

Purchase of treasury stock

-

(257,093)

Payments of capitalized offering costs

-

(92,318)

Payments of offering costs in accounts payable

(262,914)

-

Net cash used in financing activities

(5,886,281)

(2,042,581)

Effect of currency translation on cash and cash equivalents

(19,186)

2,074

Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents

871,720

(8,749,277)

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

$        17,186,039

$        10,488,908

Supplemental disclosures of cash flow information

Cash paid during the period for:

Interest

$               171,101

$               285,672

Income taxes

$                   1,871

$               182,387

Noncash finance activity during the period for:

Debt converted to equity

$               (60,000)

$                         -