secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001704711-21-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko reports record Q2 sales $236.1M (+141% YoY); CEO transition planned for Jan 2022
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- Q2 net sales $236.1M (+141% YoY); net income $20.9M vs -$15.0M loss; adjusted EBITDA $41.1M vs $0.2M.
- Gross margin 39% (+250 bps YoY); DTC sales >190% growth, now 11% of net sales.
- FY2021 guidance: net sales $900-930M; adjusted EPS $1.06-$1.19.
- CEO Brian Mariotti becomes Chief Creative Officer; President Andrew Perlmutter to become CEO effective Jan 3, 2022.
- Pop! brand sales +137%, Loungefly +132%; U.S. +110%, Europe +393%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471121000046/0001704711-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471121000046/fnko-20210805.htm
  HTML page:      https://secwatch.observer/filing/0001704711-21-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer