{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-279232","form_type":"8-K/A","ticker":"FNKO","cik":"0001704711","company_name":"Funko, Inc.","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.767505+00:00","generated_at":"2026-06-22T05:35:38.885996+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Funko cuts FY2022 adjusted EPS outlook to $0.70-$0.80 from $0.85-$0.95; Q3 sales up 36.6% but profits fall","bullets":["FY2022 Adjusted Net Income guidance lowered to $39-$41M from $47-$49M; Adjusted EPS now $0.70-$0.80 vs prior $0.85-$0.95.","Q3 net sales $365.6M (+36.6% YoY), but net income down 39.3% to $11.1M; adjusted EBITDA fell 11.2% to $35.7M.","Gross margin contracted 100 bps to 35.0%; SG&A expenses rose 63.5% to $97.9M, pressured by infrastructure investments.","Inventory surged 88.7% to $265.8M; company expects sequential improvement in Q4.","Total liquidity $150.1M, down 22.4% YoY; total debt increased 40.9% to $250.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-279232","json":"https://secwatch.observer/filing/0001193125-22-279232.json","markdown":"https://secwatch.observer/filing/0001193125-22-279232.md","text":"https://secwatch.observer/filing/0001193125-22-279232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/0001193125-22-279232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/d375187d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T05:35:38.885996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed289fc5b83325f875822658911f5297267141d7","claim":"Funko, Inc. reported the third quarter ended September 30, 2022 results: revenue $365.6 million, net income $11.1 million. Guidance lowered.","evidence_excerpt":"Net sales increased 36.6% to $365.6 million • Gross profit increased 32.6% to $127.9 million • Gross margin 1 contracted 100 basis points to 35.0% • Net income decreased 39.3% to $11.1 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/0001193125-22-279232-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$365.6 million"},{"label":"Net income","value":"$11.1 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}