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Stock impact report

Funko Reports Second Quarter 2022 Net Sales of $315.7 million, Up 33.7%

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
Record Second Quarter Net Sales Driven by Broad-Based Strength Across Brands, Channels, and Geographies EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. ("Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the second quarter ended June 30, 2022.Second Quarter 2022 Financial SummaryNet sales increased 33.7% y/y to $315.7 millionNet income declined 24.6% y/y to $15.8 millionNet income margin1 contracted 390 basis points y/y to 5.0%Adjusted EBITDA2 declined 22.7% y/y to $31.8 millionAdjusted EBITDA margin2 contracted 730 basis points y/y to 10.1%Cash flow used in operations of $30.1 million for the six months ended June 30, 2022Second Quarter 2022 and Recent Operating HighlightsBroad-based net sales growth in all geographies and brand categoriesRecord net sales quarter for Loungefly ($70.0 million, +114% y/y)Direct-to-consumer sales grew 26% y/y on continued growth in e-commerce and physical store operatin Show less Read more
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