Brief: Funko Reports First Quarter 2023 Financial Results

Funko

04/05/2023 21:59

May 4 (Reuters) - Funko Inc  FNKO.O :
    * FUNKO REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS AND
UPDATED
OUTLOOK FOR FISCAL YEAR 2023
    * SEES Q2 NET SALES OF $240 MILLION TO $260 MILLION
    * SEES  FY 2023 NET SALES TO DECLINE YEAR-OVER-YEAR BETWEEN
10%
AND 5%
    * 2023 ADJUSTED EBITDA FOR YEAR TO BE BETWEEN $65 MILLION
AND $75
MILLION
    * SEES Q2 ADJUSTED EBITDA OF A LOSS OF $10 MILLION TO BREAK
EVEN
    * SEES Q2 ADJUSTED LOSS PER DILUTED SHARE OF $0.45 TO $0.30
BASED
ON A WEIGHTED AVERAGE DILUTED SHARE COUNT OF 52.2 MILLION SHARES
    * QTRLY LOSS PER SHARE $1.17
    * Q1 EARNINGS PER SHARE VIEW $-0.92, REVENUE VIEW $235.6
MILLION
-- REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $-0.39, REVENUE VIEW $284.1
MILLION
-- REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $1.32 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw63LJ2Za 
Further company coverage:  FNKO.O 

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