Snail Q4 earnings miss, revenues surpass, stock drops in after-hours trading

From Nasdaq: 2025-03-27 07:20:00

Snail, Inc. (SNAL) reported mixed Q4 2024 results, with earnings missing estimates but revenues beating expectations. The company experienced declines in both top and bottom lines compared to the previous year. Following the results, SNAL’s shares dropped by 3.8% in after-hours trading.

In Q4 2024, SNAL reported adjusted EPS of 3 cents, missing the consensus of 7 cents. Revenues of $26.2 million surpassed the $25 million estimate but fell 8.4% from the previous year. Bookings dropped to $17 million due to lower sales of ARK compared to the strong launch in the prior year.

SNAL’s Q4 operating highlights showed a gross profit increase to $11.3 million but a decrease in net income to $1.1 million. EBITDA for the quarter was $1.6 million. The company cited increased research and development expenses as a reason for the decline in net income.

In 2024, SNAL saw net revenues of $84.5 million, EBITDA of $3.2 million, and diluted EPS of 5 cents, all showing improvement from the previous year. The company’s cash and cash equivalents decreased to $7.3 million by the end of 2024.

Snail, Inc. currently holds a Zacks Rank #3 (Hold). Better-ranked stocks in the Consumer Discretionary sector include RCI Hospitality Holdings, Inc. (RICK), Mattel, Inc. (MAT), and Royal Caribbean Cruises Ltd. (RCL). Each stock has its own Zacks Rank and growth estimates for 2025. Interested investors can access Zacks’ stock analysis reports for free.

Zacks Investment Research offers a $1 trial to access all stock picks and portfolio services. This opportunity provides insight into various services like Surprise Trader and Stocks Under $10, which have seen substantial gains in 2024. Thousands have taken advantage of this offer to explore Zacks’ portfolio services.



Read more at Nasdaq: Snail Q4 Earnings Miss Estimates, Revenues Surpass, Stock Down