{"schema_version":"secwatch.filing_event.v1","accession":"0001704711-23-000024","form_type":"8-K","ticker":"FNKO","cik":"0001704711","company_name":"Funko, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.122467+00:00","generated_at":"2026-06-15T22:24:10.296756+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Funko Q1 net sales down 18% to $251.9M; net loss widens to $61.1M; raises FY Adj. EBITDA outlook to $65-75M","bullets":["Net sales fell 18% to $251.9M; net loss surged 521% to $61.1M ($1.17 GAAP diluted loss).","Adjusted EBITDA swung to a loss of $14.0M from +$36.3M; adjusted loss per share $0.49.","Gross margin fell to 19.7% from 35.3% due to $30.1M inventory write-down; adjusted gross margin ~32%.","Direct-to-consumer sales jumped 61% YoY; new Bitty Pop! and Fanatics partnership launched.","FY2023 adjusted EBITDA guidance raised to $65M-$75M (midpoint $70M); Q2 sees $240-260M sales, Adj. EBITDA loss of $10M to zero."],"urls":{"canonical":"https://secwatch.observer/filing/0001704711-23-000024","json":"https://secwatch.observer/filing/0001704711-23-000024.json","markdown":"https://secwatch.observer/filing/0001704711-23-000024.md","text":"https://secwatch.observer/filing/0001704711-23-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704711/000170471123000024/0001704711-23-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704711/000170471123000024/fnko-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:24:10.296756+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}