Funko (FNKO) Tops Q3 EPS by 17c
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Funko Reports Third Quarter 2020 Financial Results
November 5, 2020 4:05 PM ESTStrong Gross Margin and Cost Controls Drive Increased Profitability
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 third quarter ended September 30, 2020.
Third Quarter 2020 Financial Summary
Net sales of $191.2 million Gross margin1 increased 30bps to 38.6% SG&A expenses decreased 21% to $41.2 million Net income of $15.6 million Net income margin increased 120bps to 8.2% Adjusted EBITDA2 of $36.2 million Adjusted EBITDA margin2 increased 70bps to... More