secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001704711-22-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko Q2 net sales up 33.7% to $315.7M; net income down 24.6%; margins shrink
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- Net sales $315.7M (+33.7% YoY); net income $15.8M (-24.6%); Adjusted EBITDA $31.8M (-22.7%).
- Gross margin fell 640bps to 32.7% on higher freight costs; SG&A up 50.7% to $82.7M.
- Loungefly sales record $70M (+114%); direct-to-consumer +26%; acquired collectible firm Mondo.
- Full-year guidance: net sales $1.30-1.35B, Adj. EBITDA margin ~14.6%, Adj. EPS $1.88-1.99.
- Inventories surged 170.9% to $234M; total liquidity down 49.4% to $86.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471122000028/0001704711-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471122000028/fnko-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001704711-22-000028

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