secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001704711-24-000155
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko Q3 net sales down 6.4% YoY to $293M; net income of $4.6M vs loss; raises FY EBITDA view
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471124000155/0001704711-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471124000155/fnko-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001704711-24-000155

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