FNKO

Funko Reports 2023 Fourth Quarter, Full Year Financial Results; Provides Full-Year Outlook for 2024

Retrieved on: 
Thursday, March 7, 2024
Licensing (Entertainment), Retail, Toys, Entertainment, Specialty, FNKO, CFO, Funko, Growth, Stock, Sale, Pop, Yves, DTC, Reinsurance

Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the fourth quarter and full year ended December 31, 2023.
  • The company also provided financial guidance for the 2024 first quarter and full year.
  • Gross margin of 38 percent was the highest of any quarter in 2023.
  • Despite these headwinds, we expect our bottom line to significantly improve in 2024 compared with 2023.

Funko To Host Fourth Quarter 2023 Financial Results Conference Call On Thursday, March 7, 2024

Retrieved on: 
Wednesday, February 21, 2024
Other Consumer, Teens, Children, Entertainment, Millennials, Generation Z, Lifestyle, Consumer, Licensing (Entertainment), FNKO, Webcast, Funko

Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, March 7, 2024, at 4:30 p.m.

Key Points: 
  • Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, March 7, 2024, at 4:30 p.m.
  • ET to discuss its financial results for the fourth quarter ended December 31, 2023.
  • The conference call will be webcast and can be accessed on the investor relations section of the Funko website at https://investor.funko.com .
  • After the call, a replay of the webcast will be available on the same website.

Funko and Goliath Announce Exclusive Global Deal for Funko Games

Retrieved on: 
Wednesday, January 17, 2024
Men, Toys, Entertainment, Specialty, Consumer, Other Manufacturing, Other Entertainment, Teens, Retail, Children, Women, Manufacturing, Multimedia, FNKO, Bitty, Chase, Catalog, Video game

Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, and Goliath, a private family owned and run global game company, today announced that the companies have entered into an exclusive worldwide license and distribution agreement for Funko’s portfolio of games marketed under the Funko Games brand.

Key Points: 
  • Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, and Goliath, a private family owned and run global game company, today announced that the companies have entered into an exclusive worldwide license and distribution agreement for Funko’s portfolio of games marketed under the Funko Games brand.
  • View the full release here: https://www.businesswire.com/news/home/20240117491653/en/
    Under the multi-year agreement, Goliath will be the exclusive worldwide distributor of Funko’s current catalog of games and puzzles and has agreed to collaborate with Funko to develop and distribute new games and puzzles.
  • “Funko Games is a highly regarded brand that includes hundreds of board games recently created as well as a great portfolio from Forrest-Pruzan.
  • “With Pressman’s 101 years and Goliath’s 43 years of selling games, we believe we’re a perfect fit to partner with Funko to develop and distribute games on a global level.

Columbia Sportswear Company Appoints Charles Denson to Its Board of Directors

Retrieved on: 
Wednesday, January 10, 2024
Fashion, Footwear, Retail, Sports, Outdoors, Specialty, NIKE, Funko, Columbia Sportswear, FAH, Nike, FNKO, Marketing, Audit committee, Management

Columbia Sportswear Company (Nasdaq: COLM), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that its board of directors appointed Charles Denson to serve as a director and member of its Audit Committee, effective January 9, 2024.

Key Points: 
  • Columbia Sportswear Company (Nasdaq: COLM), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that its board of directors appointed Charles Denson to serve as a director and member of its Audit Committee, effective January 9, 2024.
  • Mr. Denson is the Chairman of the Board of Directors of Funko, Inc. (Nasdaq: FNKO), where he has served as a director since its formation in 2017, in addition to serving as a director of FAH, LLC since 2016.
  • Mr. Denson has served as the President and Chief Executive Officer of Anini Vista Advisors, an advisory and consulting firm, since 2014.
  • “We are thrilled to have Charlie join our board of directors,” said Chairman, President and CEO, Tim Boyle.

Mike Kerns Joins Funko Board of Directors

Retrieved on: 
Thursday, November 2, 2023
Home Goods, Other Retail, Specialty, Catalog, Online Retail, Fashion, Toys, Retail, FNKO, Kerns, Interim, Peter Chernin, TCG, TCG (company), Management, Funko

Funko, Inc. (“Funko”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced the appointment of Mike Kerns to the company’s Board of Directors, effective November 2, 2023.

Key Points: 
  • Funko, Inc. (“Funko”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced the appointment of Mike Kerns to the company’s Board of Directors, effective November 2, 2023.
  • Kerns is a co-founder and partner of The Chernin Group (TCG) and fills the vacancy created by the resignation of Rich Paul, who is transitioning to a strategic advisory role with Funko.
  • “We’re excited to have Mike join our Board at a time when we’re hyper-focused on running a more efficient business without compromising our fan experience,” said Mike Lunsford, Interim Chief Executive Officer at Funko.
  • “We believe Mike’s experience in the media and sports industries will add significant value to our company.”
    “I’m excited to be more involved with Funko by joining its Board of Directors,” said Kerns.

Funko To Host Third Quarter 2023 Financial Results Conference Call On Thursday, November 2, 2023

Retrieved on: 
Wednesday, October 18, 2023
Licensing (Entertainment), Retail, Toys, Entertainment, Specialty, FNKO, Webcast, Tourism, Online shopping, Cryptocurrency, Funko

Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, November 2, 2023, at 4:30 p.m.

Key Points: 
  • Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, November 2, 2023, at 4:30 p.m.
  • ET to discuss its financial results for the third quarter ended September 30, 2023.
  • The conference call will be webcast and can be accessed on the investor relations section of the Funko website at https://investor.funko.com .
  • After the call, a replay of the webcast will be available on the same website.

FUNKO INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Funko, Inc. - FNKO

Retrieved on: 
Monday, September 25, 2023
FNKO, KSF, ERP, Funko

NEW ORLEANS, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).

Key Points: 
  • NEW ORLEANS, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).
  • On March 1, 2023, the Company disclosed that, despite its prior assurances regarding the move of its distribution center and the planned upgrade of the Company's enterprise resource planning (ERP) software system, gross margin for 4Q2022 had decreased due primarily to “storage and container rental charges associated with inventory in excess of warehouse capacity,” as well as “a $32.5 million write down of capitalized costs associated with the decision not to implement a previously disclosed enterprise resource planning system.”
    Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.
  • KSF’s investigation is focusing on whether Funko’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • If you have information that would assist KSF in its investigation, or have been a long-term holder of Funko shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-fnko/ to learn more.

Lifshitz Law PLLC Announces Investigations of Funko, Inc. (NASDAQ: FNKO), Atlas Lithium Corp (NASDAQ: ATLX), SentinelOne, Inc. (NYSE: S), and Tingo Group, Inc. (NASDAQ: TIO)

Retrieved on: 
Sunday, September 10, 2023
Lithium, Telephone, FNKO, Xi, Atlas, ERP, Sale, Tingo District, Advertising, TIO, Vii, Hewlett, Online shopping

If you are a FNKO investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq.

Key Points: 
  • If you are a FNKO investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq.
  • If you are an ATLX investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.
  • Prior results do not guarantee or predict a similar outcome with respect to any future matter.

FUNKO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Funko, Inc. - FNKO

Retrieved on: 
Saturday, September 9, 2023
Legal, Professional Services, FNKO, KSF, ERP, Private investigator, Funko

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).
  • KSF’s investigation is focusing on whether Funko’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.

FUNKO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Funko, Inc. - FNKO

Retrieved on: 
Monday, August 28, 2023
Legal, Professional Services, FNKO, KSF, ERP, Private investigator, Funko

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Funko, Inc. (NasdaqGS: FNKO).
  • KSF’s investigation is focusing on whether Funko’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.