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Funko Inc (FNKO) Q4 Net Sales Surge 28%, F17 Net Sales Up 20.9%

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Funko Inc (NASDAQ: FNKO ) reported its latest quarterly results after the bell Thursday, which saw revenue soar year-over-year.

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The manufacturer of licensed pop culture toys saw its fourth-quarter revenue rise 28% compared to the year-ago quarter to $169.5 million. Net income fell to $9.2 million due in part to a $5.1 million pre-tax loss linked to extinguishment of debt.

Funko's earnings per diluted share for the quarter was 7 cents, while its gross margin surge 180 basis points to 39.3% year-over-year. The company's income from operations increased 2% to $21.4 million year-over-year.

Its adjusted pro forma net income was $11.2 million, or 22 cents per share, while adjusted EBITDA was $33.6 million. For its fiscal 2017, Funko brought in net sales of $516.1 million, marking a 20.9% increase compared to the year-ago quarter.

Net income for the period was $7.3 million, including the aforementioned tax loss. The company's income from operations was flat year-over-year at $44.1 million, while its earnings were 7 cents per share.

Funko's gross margin increased 420 basis points to 38.5% year-over-year. The company's adjusted pro forma net income was $18.7 million, or 37 cents per share, while its adjusted EBITDA was $91.9 million.

"We are pleased with our fourth quarter and 2017 results and the underlying trends in our business. 2017 was an incredible year for Funko, we increased net sales 21% to $516 million, we sold across a record number of properties, we made three strategic acquisitions, and we completed an initial public offering," said CEO Brian Mariotti.

FNKO stock soared more than 10% after Thursday's market close.

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The post Funko Inc (FNKO) Q4 Net Sales Surge 28%, F17 Net Sales Up 20.9% appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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