FunkoNASDAQ: FNKO

Here is how Funko-A (FNKO) and Howden Joinery (HWDJY) have performed compared to their sector so far this year.

Is Funko, Inc. FNKO back? This Zacks Rank #1 (Strong Buy) has new leadership and has reduced its inventory and debt.

The article discusses small-cap Funko stock, which recently beat top and bottom line earnings. I previously covered the stock in 2023, numbers have deteriorated since, but the company is executing a turnaround under new management. A new video game and toy line-up open new avenues for revenue as the collectible market for Funko Pop! toys goes through a rut.

Revenue growth was slow, but margins surged in the second quarter. Management expects slower growth in the third quarter.

Funko, Inc. (NASDAQ:FNKO ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Robert Jaffe - Director, IR Cynthia Williams - CEO Yves LePendeven - CFO Conference Call Participants Eric Wold - B. Riley Stephen Laszczyk - Goldman Sachs Operator Good afternoon, and welcome to the Funko 2024 Second Quarter Financial Results Conference Call.

Funko-A (FNKO) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $0.43 per share a year ago.

EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it has agreed to resolve derivative claims asserted on the company's behalf and for the company's benefit in multiple stockholder derivative lawsuits filed in the United States District Court for the Central District of California and the Court of Chancery of the State of Delaware. On July 26, 2024, the Court entered an order preliminarily approving the settlement terms and p.

Funko shares have surged 42% since March despite falling revenue, mainly because signs of a successful turnaround are emerging. This follows a very tough 2023 fiscal year market by plunging sales and falling profits and cash flows. Management expects revenue to stabilize in 2024, with lower debt, reduced inventory, and potential for further growth.

From a technical perspective, Funko, Inc. (FNKO) is looking like an interesting pick, as it just reached a key level of support. FNKO's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.