{"schema_version":"secwatch.filing_event.v1","accession":"0001704711-23-000034","form_type":"8-K","ticker":"FNKO","cik":"0001704711","company_name":"Funko, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.919424+00:00","generated_at":"2026-06-12T08:44:10.905286+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Funko Q2 net sales -24% to $240M, net loss $75.9M; cuts full-year guidance","bullets":["Net sales $240.0M (-24% YoY); net loss $75.9M ($1.54/share) includes $38.5M non-cash charge.","Adjusted net loss $22.3M ($0.43) vs prior-year adjusted net income $14.0M; adjusted EBITDA -$7.6M.","FY 2023 guidance cut: net sales $1.05-1.12B (prev. $1.19-1.26B); adj. EBITDA $20-30M (prev. $65-75M).","Cost savings plan expanded: $38M incremental annual savings; workforce cut ~12% (180 positions).","CEO transition: Brian Mariotti on leave; board member Michael Lunsford interim CEO; search commenced."],"urls":{"canonical":"https://secwatch.observer/filing/0001704711-23-000034","json":"https://secwatch.observer/filing/0001704711-23-000034.json","markdown":"https://secwatch.observer/filing/0001704711-23-000034.md","text":"https://secwatch.observer/filing/0001704711-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/0001704711-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/fnko-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T08:44:10.905286+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":[{"claim_id":"2f10550db99aaeb74b36191d31e41c877a608a64","claim":"Funko, Inc. reported second quarter ended June 30, 2023 results: revenue $240.0 million, net income Net loss was $75.9 million, or $1.54 per share, EPS $1.54 per share. Guidance lowered.","evidence_excerpt":"brand, today reported consolidated financial results for its second quarter ended June 30, 2023. Second Quarter Financial Results Summary: 2023 vs 2022 • Net sales were $240.0 million for the 2023 second quarter versus $315.7 million for the 2022 second quarter • Gross margin was 29.2% for the 2023 second quarter versus 32.7% for the 2022 second quarter • SG&A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/0001704711-23-000034-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$240.0 million"},{"label":"Net income","value":"Net loss was $75.9 million, or $1.54 per share"},{"label":"EPS","value":"$1.54 per share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}