Funko (NASDAQ: FNKO ) is trading where Wall Street prices dying novelties, yet its first-quarter report hints at a collector economy that refuses to quit. Net sales slipped 11.6% to $190.7 million, but gross margin actually improved to 40.3% and came in"AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I have inc ...

Group 1 - Funko's shares have experienced a significant decline, down 50.3% over the last year and 64.1% year to date [1] - The decline in Funko's stock price is attributed to weak performance [1] Group 2 - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and companies with growth potential [1] - Subscribers have access to a stock model account, cash flow analyses of exploration and production firms, and live discussions about the sector [2] - A two-week free trial is available for new subscribers to explore the oil and gas sector [3]

Funko (FNKO) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Rob Jeffrey - Director of Investor RelationsCynthia Williams - CEO & DirectorYves LePendeven - CFOAntares Tobelem - Equity Research AssociateKeegan Cox - Research Associate Operator Good afternoon, and welcome to Funko's twenty twenty five First Quarter Financial Results Conference Call. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session and instructions will follow at t ...

Funko (FNKO) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to Funko's twenty twenty five First Quarter Financial Results Conference Call. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session and instructions will follow at that time. Please be advised that reproduction of this call in whole or in part is not permitted without written authorization from the company. As a reminder, this call is being recorded. I will ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FUNKO, INC. (Exact name of registrant as specified in its charter) Delaware 35-2593276 (State or other jurisdiction of incorporation or organization) 2802 Wetmore Avenue 98201 Everett Washington (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) For the quarterly period ended March 31, 2025 OR ☐ TRANS ...

Funko Reports First Quarter 2025 Financial Results --Q1 Net Sales Within Guidance Range, Gross Margin and Adjusted EBITDA Above Expectations; Withdraws 2025 Full-Year Outlook Due to Tariff-Related Uncertainties-- EVERETT, Wash. May 8, 2025 -- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the first quarter ended March 31, 2025. First Quarter Financial Results Summary: 2025 vs 2024 "Despite a challenging Q1 environment, we were able to ...

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Financial Performance - Consolidated net sales for the year ended December 31, 2024, were $1,049.85 million, a decrease from $1,096.09 million in 2023, and $1,322.71 million in 2022 [414]. - The net loss attributable to Funko, Inc. for 2024 was $14.72 million, compared to a net loss of $154.08 million in 2023 [414]. - The company reported a loss per share of Class A common stock of $0.28 for 2024, consistent with the loss per share of $3.19 in 2023 [414]. - The company experienced a comprehensive loss of $16.21 million in 2024, compared to a comprehensive loss of $151.66 million in 2023 [418]. - The net loss for the year ended December 31, 2024, was $15.07 million, compared to a net loss of $164.44 million in 2023 and a net loss of $5.24 million in 2022 [534]. - Funko, Inc. reported a net loss of $15.07 million for the year ended December 31, 2024, compared to a net loss of $164.44 million in 2023 and $5.24 million in 2022, indicating a significant reduction in losses year-over-year [555]. - The basic loss per share of Class A common stock was $(0.28) for 2024, down from $(3.19) in 2023 and $(0.18) in 2022, reflecting improved performance despite ongoing losses [555]. Revenue and Sales - Total net sales for the year ended December 31, 2024, were $1,049.85 million, a decrease of 4.2% from $1,096.09 million in 2023 and a decline of 20.6% from $1,322.71 million in 2022 [534]. - Core Collectible sales accounted for $804.41 million in 2024, slightly up from $803.18 million in 2023, but down from $998.44 million in 2022 [534]. - The Company recorded net sales of $681.99 million in the United States for 2024, down from $755.62 million in 2023 and $966.32 million in 2022 [534]. Expenses and Costs - The cost of sales for 2024 was $615.32 million, down from $763.09 million in 2023, indicating a reduction in costs [414]. - Total operating expenses for 2024 were $1,036.86 million, a decrease from $1,199.91 million in 2023 [414]. - The company reported depreciation and amortization expenses of $62,583,000 in 2024, up from $57,389,000 in 2023 [427]. - Advertising and marketing costs increased to $51.6 million in 2024 from $31.3 million in 2023, reflecting a strategic push in marketing efforts [450]. - Product design and development costs were $6.8 million in 2024, down from $8.0 million in 2023, suggesting a potential shift in R&D focus [452]. Assets and Liabilities - Total assets decreased from $798,585,000 in 2023 to $707,254,000 in 2024, a decline of approximately 11.4% [421]. - Current assets fell from $336,816,000 in 2023 to $287,059,000 in 2024, representing a decrease of about 14.8% [421]. - Long-term debt decreased from $130,986,000 in 2023 to $100,303,000 in 2024, a reduction of about 23.5% [421]. - Accounts receivable decreased from $130,831,000 in 2023 to $119,882,000 in 2024, a decline of approximately 8.5% [421]. - Inventories decreased from $119,458,000 in 2023 to $92,580,000 in 2024, representing a decrease of about 22.5% [421]. - Total long-lived assets decreased to $134.996 million as of December 31, 2024, from $160.586 million in 2023 [534]. Debt and Interest - As of December 31, 2024, the company had $172.2 million of variable rate debt outstanding under its Credit Facilities, including $112.2 million under the Term Loan Facility and $60.0 million under the Revolving Credit Facility [384]. - A 1% increase or decrease in the effective interest rate would result in an approximate $1.1 million change in interest expense over the next 12 months [384]. - The company’s interest expense for 2024 was $20.58 million, down from $27.97 million in 2023 [414]. - The total term debt decreased from $153.1 million in 2023 to $122.8 million in 2024, a reduction of approximately 19.7% [482]. - The Revolving Credit Facility borrowings decreased from $120.5 million in 2023 to $60.0 million in 2024, a reduction of approximately 50% [490]. - The weighted average interest rate on outstanding borrowings under the Revolving Credit Facility decreased from 9.45% in 2023 to 6.71% in 2024 [490]. Tax and Regulatory Compliance - The company’s operations are subject to compliance with various data privacy laws, including GDPR and CCPA, which could result in fines up to €20 million or 4% of total global annual turnover for violations [249][250]. - The company may face limitations in using certain tax attributes if it undergoes an "ownership change," which could adversely impact its financial condition and operating results [246]. - The Company established a full valuation allowance of $123.2 million against its deferred tax assets as of December 31, 2023, indicating challenges in realizing tax benefits [455]. - The Company’s annual effective tax rate for 2024 is (43.4)%, significantly lower than the statutory rate of 21% due to valuation allowance and foreign taxes [503]. Legal Matters - The Company has accrued a liability of $14.75 million related to a settlement in a class action lawsuit as of December 31, 2024 [524]. - The consolidated complaint in the securities litigation alleges violations of the Securities Act, seeking compensatory damages and attorneys' fees [524]. - The Company is currently involved in ongoing legal proceedings, but does not believe these will materially affect its financial condition [529]. Equity and Stock - The Company has authorized the issuance of up to 200 million shares of Class A common stock, 50 million shares of Class B common stock, and 20 million shares of preferred stock [537]. - The Company recognized equity-based compensation expenses of $13.6 million, $10.5 million, and $16.6 million for the years ended December 31, 2024, 2023, and 2022, respectively [549]. - The weighted-average fair value of stock options granted was $4.90, $6.71, and $10.85 per share for the years ended December 31, 2024, 2023, and 2022, respectively [548]. - The Company reported an intrinsic value of $915,000 for stock option exercises in 2024, with cash received for exercise price totaling $1.41 million [547]. - As of December 31, 2024, there was $25.0 million of total unrecognized equity-based compensation expense expected to be recognized over a remaining weighted-average period of 2.7 years [550].

Group 1 - Funko's shareholders have experienced a challenging period recently, with a downgrade from 'strong buy' to 'buy' on January 3rd of this year [1] - The company's stock performance has been under scrutiny, indicating potential concerns regarding its market position and future growth [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and companies with growth potential [2] - Subscribers benefit from a comprehensive stock model account and in-depth cash flow analyses of exploration and production firms [2] - The service includes live chat discussions about the oil and gas sector, enhancing community engagement among investors [2]