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Funko Inc - FNKO STOCK NEWS

Welcome to our dedicated news page for Funko (Ticker: FNKO), a resource for investors and traders seeking the latest updates and insights on Funko.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Funko's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Funko's position in the market.

News
Funko To Host 2024 First Quarter Financial Results Conference Call on Thursday, May 9, 2024
Rhea-AI Summary
Funko, Inc. (Nasdaq: FNKO) will host a conference call on May 9, 2024, at 4:30 p.m. ET to discuss its first-quarter financial results. The call will be webcast on the investor relations section of the Funko website.
Rhea-AI Impact
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conferences earnings
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News
Funko Reports 2023 Fourth Quarter, Full Year Financial Results; Provides Full-Year Outlook for 2024
Rhea-AI Summary
Funko, Inc. (FNKO) reported Q4 net sales, gross margin, and adjusted EBITDA at the upper end of expectations, driven by strong DTC growth and operational improvement. Despite a decrease in net sales, the company showed positive signs with adjusted net income turning positive and adjusted EBITDA improving significantly. The company focused on reducing costs, improving operational efficiencies, and addressing inventory issues in 2023. The balance sheet highlights a substantial decrease in inventory levels and debt reduction. Leadership changes were also announced with the CFO resigning, and the company provided its outlook for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.52%
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earnings
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Funko To Host Fourth Quarter 2023 Financial Results Conference Call On Thursday, March 7, 2024
Rhea-AI Summary
Funko, Inc. (FNKO) will host a conference call on March 7, 2024, to discuss its financial results for Q4 2023. The call will be webcast on their investor relations section.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
conferences earnings
News
Funko and Goliath Announce Exclusive Global Deal for Funko Games
Rhea-AI Summary
Funko, Inc. (Nasdaq: FNKO) has entered into an exclusive worldwide license and distribution agreement with Goliath, a global game company. Goliath will be the exclusive distributor of Funko’s current catalog of games and puzzles and will collaborate to develop and distribute new games and puzzles. The deal includes an initial payment from Goliath and future minimum guaranteed royalty payments for the use of the Funko brand. Additionally, Goliath will acquire Funko’s current inventory of board games and puzzles, as well as rights to intellectual property related to the studio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
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none
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News
Columbia Sportswear Company Appoints Charles Denson to Its Board of Directors
Rhea-AI Summary
Columbia Sportswear Company (COLM) appoints Charles Denson, former President of NIKE Brand, as director and member of Audit Committee. Mr. Denson brings valuable industry experience to the board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
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management
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Funko Reports 2023 Third Quarter Financial Results
Rhea-AI Summary
Funko, Inc. (Nasdaq: FNKO) reported its Q3 2023 financial results. Net sales were $312.9 million, a decrease of 14.4% compared to Q3 2022. Gross profit was $104.0 million, with a gross margin of 33.2%. Net loss was $15.0 million, compared to net income of $9.6 million in Q3 2022. Adjusted net income was $1.7 million. Adjusted EBITDA was $25.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.51%
Tags
earnings
News
Mike Kerns Joins Funko Board of Directors
Rhea-AI Summary
Funko, Inc. has announced the appointment of Mike Kerns to its Board of Directors, effective November 2, 2023. Kerns, a co-founder and partner of The Chernin Group, will fill the vacancy left by the resignation of Rich Paul, who will transition to a strategic advisory role with Funko. The company is optimistic that Kerns' experience in the media and sports industries will bring significant value to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.51%
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management
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Funko To Host Third Quarter 2023 Financial Results Conference Call On Thursday, November 2, 2023
Rhea-AI Summary
Funko, Inc. to host conference call to discuss Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
conferences earnings
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News
Funko Reports 2023 Second Quarter Financial Results, Revises Full-Year Outlook
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.92%
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earnings
News
Funko To Host Second Quarter 2023 Financial Results Conference Call On Thursday, August 3, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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conferences earnings
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Funko Inc

Nasdaq:FNKO

FNKO Rankings

#3330 Ranked by Market Cap
#5011 Ranked by Stock Gains
N/A Ranked by Dividends

FNKO Stock Data

299.31M
21.99M
10.85%
96.81%
8.72%
Automobile and Other Motor Vehicle Merchant Wholesalers
Wholesale Trade
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About FNKO

funko is a pioneer in its industry and is the largest, fastest growing provider of consumer products to the pop culture enthusiast worldwide. funko’s exclusive and unique products, including pop! vinyl, the #1 collectible on the planet, are based on licensing arrangements with today’s most successful and influential creators of pop culture. founded in 1998, funko has experienced particularly strong growth since its acquisition by the current ceo in 2005. with its deep library of licenses and its wide array of products at varying price points, funko is able to target a broad consumer base, from children to adults, and penetrate an impressive range of retail channels worldwide; including mass, specialty, book, department store, online, convenience, hobby, and mall retailers, among others. no single customer accounts for more than 10% of annual sales. with its breadth of licenses, product platforms and points of sale, funko maintains a large and diverse base of consumers that spans many d