Funko, Inc. (FNKO) designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally.
The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.
It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories.
The company sells its products to specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business.
On May 5th, Funko Inc Cl A (FNKO) reported 1st Quarter March 2022 earnings of $0.39 per share on revenue of $308.3 million. The consensus earnings estimate was $0.22 per share on revenue of $272.0 million. Revenue grew 63.0% on a year-over-year basis.
Shares have formed a bullish "flag" and are expected to move higher from this formation.
Entry Point: $24.50
Stop Loss: $23.00
Trading Range: $15.28 - $25.08
Target Price: $27.00