Nov. 13 at 2:33 PM
Noble Capital Markets Research Report: Snail (
$SNAL) – Looking Past The Noise
Q3 results. The company reported Q3 revenue of
$13.8 million and an adj. EBITDA loss of
$9.6 million, both of which were lower than our estimates of
$22.0 million and a loss of
$2.0 million, respectively. The weaker than expected results were largely attributed to moderately higher than expected operating expenses and a
$10.9 million increase in deferred revenue, which currently has a balance of
$36.4 million. Notably, while revenue and adj. EBITDA were softer than anticipated, bookings increased a solid 9.3%, y-o-y, to
$17.6 million.
Read more: https://www.channelchek.com/news-channel/snail-snal-looking-past-the-noise
