secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001704711-22-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko Q3 net sales +36.6% but net income -39.3%; adj. EBITDA margin down to 9.8%
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- Net sales $365.6M (+36.6% YoY); gross margin 35.0% (-100 bps); net income $11.1M (-39.3%).
- Adjusted EBITDA $35.7M (-11.2%); adjusted EBITDA margin 9.8% (-520 bps).
- Cash flow from operations -$64.7M for nine months; inventories $265.8M (+88.7% YoY).
- Total liquidity $150.1M (down 22.4%); total debt $250.2M (+40.9%).
- FY2022 outlook: net sales $1.29-1.33B; adj. EPS $0.85-0.95; adj. EBITDA margin high single digits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471122000034/0001704711-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471122000034/fnko-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001704711-22-000034

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