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Stock impact report

Funko Reports Third Quarter 2024 Financial Results; Updates 2024 Full-Year Outlook

Funko, Inc. - Class A (FNKO) 
Last funko, inc. - class a earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.funko.com/investor-relations
Company Research Source: Business Wire
--Q3 Net Sales, Gross Margin and Adjusted EBITDA at High End or Above Expectations-- EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the third quarter ended September 30, 2024.Third Quarter Financial Results Summary: 2024 vs 2023Net sales were $292.8 million compared with $312.9 millionGross profit was $119.8 million, equal to gross margin of 40.9%. This compares with $104.0 million, equal to gross margin of 33.2%, which included $6.4 million of non-recurring chargesSG&A expenses were $92.7 million, which included $0.4 million of non-recurring charges. This compares with $94.0 million, which included $9.9 million of non-recurring charges. Details related to the non-recurring charges can be found in footnotes 4, 5 and 10 of the attached reconciliationsNet income was $4.6 million, or $0.08 per diluted share, compared with net loss of $16.2 million, or $0.31 per shareAdjusted net Show less Read more
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