earnings
confidence high
sentiment neutral
materiality 0.75
Funko Q3 net sales down 6.4% YoY to $293M; net income of $4.6M vs loss; raises FY EBITDA view
Funko, Inc.
2024-Q3 EPS reported
-$0.26
revenue$756,121,000
- Q3 net sales $292.8M, down 6.4% YoY; gross margin improved to 40.9% from 33.2%.
- Net income of $4.6M ($0.08 diluted EPS) vs net loss of $16.2M ($0.31 loss) in Q3 2023.
- Adjusted EBITDA $31.0M, up from $25.4M; adjusted EPS $0.14 vs $0.03.
- FY24 net sales guidance lowered to $1.037B-$1.050B; Adjusted EBITDA raised to $85M-$90M.
- Total debt reduced to $223.4M from $273.6M at year-end 2023; cash $28.5M.