FNKO - Funko's Q1 loss sliced 60% on improved inventory management lower freight costs
2024-05-09 17:31:26 ET
Funko ( NASDAQ: FNKO ) shares are racing higher in Thursday’s after-hour trading as the company’s net loss for Q1 narrowed from the year ago period, beating Wall Street’s expectations for a loss of $0.30 per share. In addition, adjusted EBITDA swung to a gain of $9.6M versus a loss of $14.0M year-over-year, and gross profit margin swelled to 40%, more than double from a year ago. ...
Funko's Q1 loss sliced 60% on improved inventory management, lower freight costs