Funko Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
FNKO$7.13+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
| Item 1. | Financial Statements |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share data) | ||||
| Net sales | $292,765 | $312,944 | $756,121 | $804,850 |
| Cost of sales (exclusive of depreciation and amortization) | 172,956 | 208,936 | 445,992 | 581,258 |
| Selling, general, and administrative expenses | 92,662 | 93,992 | 256,154 | 279,685 |
| Depreciation and amortization | 15,411 | 15,465 | 46,409 | 44,334 |
| Total operating expenses | 281,029 | 318,393 | 748,555 | 905,277 |
| Income (loss) from operations | 11,736 | (5,449) | 7,566 | (100,427) |
| Interest expense, net | 4,971 | 7,601 | 16,363 | 20,551 |
| Loss on debt extinguishment | — | — | — | 494 |
| Gain on tax receivable agreement liability adjustment | — | — | — | (99,620) |
| Other expense, net | 998 | 98 | 1,994 | 519 |
| Income (loss) before income taxes | 5,767 | (13,148) | (10,791) | (22,371) |
| Income tax expense | 1,170 | 3,076 | 2,859 | 130,859 |
| Net income (loss) | 4,597 | (16,224) | (13,650) | (153,230) |
| Less: net income (loss) attributable to non-controlling interests | 267 | (1,215) | (432) | (9,912) |
| Net income (loss) attributable to Funko, Inc. | $4,330 | $(15,009) | $(13,218) | $(143,318) |
| Earnings (loss) per share of Class A common stock: | ||||
| Basic | $0.08 | $(0.31) | $(0.26) | $(3.01) |
| Diluted | $0.08 | $(0.31) | $(0.26) | $(3.01) |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic | 52,523 | 48,237 | 51,781 | 47,641 |
| Diluted | 53,428 | 48,237 | 51,781 | 47,641 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands) | ||||
| Net income (loss) | $4,597 | $(16,224) | $(13,650) | $(153,230) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation gain (loss), net of tax effect of $0 and $0 for the three months ended September 30, 2024 and 2023, respectively and $0 and $688 for the nine months ended September 30, 2024 and 2023, respectively | 4,768 | (2,839) | 4,262 | (391) |
| Comprehensive income (loss) | 9,365 | (19,063) | (9,388) | (153,621) |
| Less: Comprehensive income (loss) attributable to non-controlling interests | 426 | (1,450) | (301) | (9,876) |
| Comprehensive income (loss) attributable to Funko, Inc. | $8,939 | $(17,613) | $(9,087) | $(143,745) |
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