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Jun 30, 2020
Funko Q2 2020 Earnings Report
Funko's Q2 2020 financial results were reported, highlighting the successful launch of new products across multiple categories.
Key Takeaways
Funko's Q2 2020 net sales decreased by 49% to $98.1 million compared to Q2 2019, primarily due to COVID-19 impacts, including store closures. The company's direct-to-consumer e-commerce sales increased more than threefold compared to the prior year, and cost reduction initiatives generated over $15 million in SG&A savings. The company reported a net loss of $15.0 million and an adjusted EBITDA of $0.2 million.
Net sales reached $98.1 million.
Gross margin was 36.6%.
SG&A expenses decreased 10% to $39.1 million.
Net loss amounted to $15.0 million.
Funko
Funko
Funko Revenue by Segment
Funko Revenue by Geographic Location
Revenue by Segment
Loungefly Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Given the continued and uncertain duration of the impacts from COVID-19 on Funko’s business, the Company is not issuing updated fiscal year 2020 guidance at this time.