Funko Q4 net loss $46.7M; guides Q1 adj EBITDA loss $45-50M; inventory write-down $30-36M

Funko, Inc.

2022-FY EPS reported -$0.18 revenue$1,322,706,000

Q4 net sales $333.0M (-1% YoY); net loss $(46.7)M vs income $17.4M; GAAP EPS $(0.89).
Adjusted EBITDA $(6.3)M vs $38.9M; full-year adj EBITDA $97.4M (-35% YoY).
Inventory $246.4M (+48% YoY); expects $30-36M write-down in H1 2023.
Q1 2023 guidance: revenue $225-255M; adj EBITDA $(50)-(45)M; adj loss per share $(1.00)-(0.90).
FY 2023 guidance: revenue growth 0-5%; adj EBITDA $50-75M; credit agreement amended restricting revolver draws.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Funko, Inc. updated its the quarter and fiscal year ended December 31, 2022 guidance (initiated).

Period: the quarter and fiscal year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On March 1, 2023 , Funko, Inc. (the “Company”) announced its financial results for the quarter and fiscal year ended December 31, 2022.

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Funko, Inc. filing history →

Source: SEC EDGAR

accession 0001704711-23-000006

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