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

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

Funko Reports First Quarter 2018 Financial Results

May 10, 2018 4:10 PM EDT

EVERETT, Wash., May 10, 2018 (GLOBE NEWSWIRE) -- Funko, Inc. ("Funko, or the Company) (Nasdaq: FNKO), a leading pop culture consumer products company, today reported its financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Highlights

Net sales increased 38.5% to $137.2 millionGross 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 recognizedIncome from operations increased $5.8 million to $7.2 millionNet income increased to $2.2 million from a net loss of $5.6 millionEarnings per... More