secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001704711-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko posts Q4 net loss $10.8M, sales down 12.6% YoY; CFO leaves March 15
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- Q4 net sales $291.2M (-12.6% YoY); gross margin 37.6% vs 28.3% a year ago.
- Q4 net loss $10.8M ($0.21/sh) vs loss $42.2M ($0.89/sh) prior year.
- Adjusted Q4 EBITDA $23.5M vs negative $6.3M; FY2024 adjusted EBITDA guidance $65M-$85M.
- CFO/COO Steve Nave resigns effective March 15, 2024; Yves LePendeven named Acting CFO.
- Inventory slashed to $119.5M from $246.4M; debt reduced $26M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/0001704711-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/fnko-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001704711-24-000011

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