Why Snail Inc Stock Is Surging Today After ARK Sales Flip Q1 to Profit
Snail Inc. reported first-quarter net income of $2.1 million on revenue of $27.3 million, reversing a year-earlier loss. Shares jumped 125% to $1.13 in premarket trading, lifting the stock above Nasdaq’s $1 minimum bid threshold ahead of a June 29 compliance deadline. Revenue gains came mainly from ARK: Survival Ascended and Bellwright. EBITDA swung to $2.4 million from a $3.2 million loss.