Funko, Inc. (FNKO) is a leader in the pop culture lifestyle. The company is the major designer, and distributer of certified pop culture products across multiple entities, including board games, action toys, apparel, vinyl figures, and housewares for its dedicated clientele.
The price of FNKO stock during regular trading on March 3, 2022, was $17.8 with a slight decrease of 0.06%. In the aftermarket, its price was last checked to be increased by 14.6%.
FNKO: Events and Happenings
On March 3, 2022, FNKO updated o its Executive management’s participation at the following investor conferences.
- Bank of America 2022 Consumer and Retail Technology Conference on March 9, 2022, and
- A. Davidson Consumer Growth Conference on March 10, 2022.
FNKO: Key Financials
On March 3, 2022, FNKO released its consolidated financial statement for the three months or the fourth quarter ended December 31, 2021. Some of the important highlights are mentioned below.
Net Sales
Net sales in the fourth quarter of 2021 were $336.3 million in comparison to $226.5 million in the same quarter in 2020. The net sales of the company increased by 48% during the year.
EPS
Net diluted income per share in the fourth quarter in 2021 was $17.4 million or $0.28 comparable to $14.9 million or $0.24 in the corresponding period of 2020. The company observed a significant gain in its earnings over the year.
On February 9, 2022, FNKO reported the launch of its NFL vinyl figures from Funko GOLD. It is a product line devoted to highlighting iconic music and sports celebrities. The company also unveiled games and accessories from Loungefly, the fan-based accessory brand.
On January 27, 2022, FNKO informed the press about its Pops! With Purpose product collection including Disney, and Lucasfilm characters. Each figure sold will include a selected sticker and box art representing that the company has made a donation to the organization. The product line will be accessible from April 4 up to April 29, 2022, on the official World Wish Day.
On December 20, 2021, FNKO announced the extension into the greeting aisle with its collectible product line of greeting exhibitions known as POPSIES. Containing celebratory messages of love and excitement, Popsies greetings are available at Walmart stores.
Conclusion
FNKO stock outpaced in 2021 by 37% as the company put forth strong strategies in the pandemic. The recent aftermarket gain in stock price is likely the outcome of its financial statement release. The company gained a momentous increase in net sales and EPS over the year.
