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Funko Faces Financial Reporting Challenges in 2024

Story Highlights
  • Funko reported material weaknesses in internal controls as of December 31, 2024.
  • The company faces substantial doubt about continuing operations due to financial challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Funko Faces Financial Reporting Challenges in 2024

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Funko ( (FNKO) ) has shared an announcement.

Funko, Inc. has released its consolidated financial statements for the years ending December 31, 2024, 2023, and 2022, revealing material weaknesses in its internal control over financial reporting as of December 31, 2024. The company faces substantial doubt about its ability to continue as a going concern due to adverse effects on net sales, margins, and profitability, exacerbated by tariffs. Additionally, Funko changed its accounting principle regarding crypto asset safeguarding in 2024.

The most recent analyst rating on (FNKO) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Funko stock, see the FNKO Stock Forecast page.

Spark’s Take on FNKO Stock

According to Spark, TipRanks’ AI Analyst, FNKO is a Neutral.

Funko’s stock score is primarily affected by its challenging financial performance and bearish technical indicators. Despite positive steps in cost reduction and international growth, profitability issues, tariff impacts, and liquidity concerns weigh heavily on its valuation.

To see Spark’s full report on FNKO stock, click here.

More about Funko

Funko, Inc. operates in the collectibles industry, primarily producing licensed pop culture collectibles, including vinyl figures, action toys, and other related merchandise.

Average Trading Volume: 1,210,459

Technical Sentiment Signal: Sell

Current Market Cap: $197.8M

See more data about FNKO stock on TipRanks’ Stock Analysis page.

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