Funko (FNKO) Tops Q1 EPS by 3c, Beats on Revenues

Funko (NASDAQ: FNKO) reported Q1 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $137.2 million versus the consensus estimate of $122.61 million.

First Quarter 2018 Highlights

• Net sales increased 38.5% to $137.2 million
• Gross margin(a) increased 210 basis points to 37.4% and included $1.8 million of costs related to Toys R Us shipments for which no revenue was recognized
• Income from operations increased $5.8 million to $7.2 million
• Net income increased to $2.2 million from a net loss of $5.6 million
• Earnings per diluted share was $0.04
• Adjusted pro forma net income(b) was $1.7 million, adjusted pro forma earnings per diluted share(b) was $0.03 and adjusted EBITDA(b) was $17.5 million

For earnings history and earnings-related data on Funko (FNKO) click here.

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