secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001704711-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471123000006/0001704711-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471123000006/fnko-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001704711-23-000006

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