Welcome to our dedicated page for Funko news (Ticker: FNKO), a resource for investors and traders seeking the latest updates and insights on Funko stock.
Funko Inc (FNKO) delivers pop culture-inspired collectibles and licensed merchandise to global audiences through innovative product design and strategic partnerships. This news hub provides investors and enthusiasts with essential updates directly from corporate sources.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Our curated feed includes product launch details, licensing expansions, leadership updates, and financial disclosures – all critical for understanding Funko's market position.
Key coverage areas: quarterly financial results, new collectible line announcements, retail partnership developments, and corporate governance updates. Each update is verified for accuracy and timeliness to support informed analysis of FNKO's performance.
Bookmark this page for streamlined access to Funko's latest developments in the dynamic pop culture merchandise sector. Regular updates ensure you maintain current awareness of the company's strategic initiatives and market opportunities.
Funko, Inc. (NASDAQ: FNKO) announced a conference call on May 4, 2023, at 4:30 p.m. ET to discuss its Q1 2023 financial results, which ended on March 31, 2023. Investors can access the call via the Funko investor relations website. A recording of the call will also be available afterwards.
Funko, based in Everett, Washington, is a prominent brand in the pop culture lifestyle segment, creating and distributing a variety of licensed products including vinyl figures, action toys, and apparel. The upcoming call is expected to provide insights into the company's financial performance and future outlook.
Funko, Inc. (Nasdaq: FNKO) announces the appointment of Steve Nave as Chief Financial Officer and Chief Operating Officer, effective immediately. Having served as a consultant since December 2022, Nave worked with CEO Brian Mariotti to enhance strategic and operational execution. The Board believes Nave's industry expertise will strengthen Funko's financial systems, crucial for long-term shareholder value. Prior to Funko, he held leadership roles at Walmart.com and Bluestem Brands. Funko also reported its Q4 2022 financial results today, with a conference call scheduled for 4:30 p.m. ET to discuss these results.
Funko, Inc. (FNKO) reported its fourth quarter and fiscal year 2022 results, revealing a 1% decline in net sales, totaling $333.0 million, with a staggering 368% decrease in net income to $(46.7) million. Despite the challenges, the Company saw a 29% increase in annual sales, reaching $1.3 billion. Funko projects Q1 2023 revenue between $225 million and $255 million, with expectations for adjusted EBITDA to return to positive in the second half of 2023. The Company has also recently appointed Steve Nave as Chief Financial Officer and Chief Operating Officer. Key initiatives include estimated annual cost savings of $150 million to $180 million.
Funko, a leading pop culture lifestyle brand, will hold a conference call on March 1, 2023, at 4:30 p.m. ET to discuss its financial results for the fourth quarter ending December 31, 2022. The call will be accessible via the investor relations section of Funko's website, where a recording will also be available afterward. Funko specializes in designing and distributing licensed products, including vinyl figures and board games, aimed at pop culture enthusiasts. For more information, visit Funko's Investor Relations.
Funko has launched a new initiative through its Pops! With Purpose collection, featuring limited-edition items of Venus Williams and Eazy E. For each pop sold, Funko will donate
Since its inception in 2021, Pops! With Purpose has partnered with several organizations to give back to the community. Funko CEO Brian Mariotti emphasized the company's commitment to philanthropy and community engagement.
Funko, Inc. (NASDAQ: FNKO) announced key leadership changes aimed at enhancing operations and shareholder value. Brian Mariotti returns as CEO, succeeding Andrew Perlmutter, who transitions to President. Jennifer Fall Jung steps down as CFO, with Scott Yessner appointed interim CFO. A search for a permanent CFO is underway, and a new COO role is being created. The Board emphasizes that these changes focus on operational improvements and strategic growth, with no issues related to financial integrity reported. This represents a proactive approach to strengthen Funko's market position and drive profitability.