Funko (FNKO) Misses Q1 EPS by 5c; Not Issuing Guidance
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Funko Reports First Quarter 2020 Financial Results
May 7, 2020 4:05 PM EDT
Announces Successful Amendment to Existing Credit Facilities
Expects COVID-19 Impacts to Intensify in Q2 2020
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. ("Funko, or the Company) (Nasdaq: FNKO), a leading pop culture consumer products company, today reported its consolidated financial results for the first quarter ended March 31, 2020.
First Quarter 2020 Financial Summary
Net sales decreased 18% to $136.7 million Gross profit1 decreased 13% to $55.3 million Gross margin1 increased 240 basis points to 40.4% Net loss of $5.7 million Adjusted EBITDA2 of $10.6 million and Adjusted EBITDA Margin2 of 7.8% Cash... More